Teacher Retirement System of Texas Sells 4,202 Shares of J & J Snack Foods Corp. (NASDAQ:JJSF)

Teacher Retirement System of Texas trimmed its stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 62.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,482 shares of the company's stock after selling 4,202 shares during the quarter. Teacher Retirement System of Texas' holdings in J & J Snack Foods were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in J & J Snack Foods during the 4th quarter valued at about $55,000. Huntington National Bank raised its holdings in shares of J & J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock valued at $80,000 after buying an additional 104 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of J & J Snack Foods during the fourth quarter worth approximately $206,000. Cibc World Markets Corp acquired a new position in shares of J & J Snack Foods during the fourth quarter worth approximately $221,000. Finally, Summit Investment Advisors Inc. grew its holdings in J & J Snack Foods by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company's stock worth $248,000 after buying an additional 101 shares in the last quarter. Institutional investors own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

JJSF has been the subject of several research analyst reports. Benchmark reduced their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen lowered shares of J & J Snack Foods from a "hold" rating to a "sell" rating in a research note on Sunday, June 29th.

J & J Snack Foods Price Performance

Shares of NASDAQ:JJSF traded down $3.58 on Friday, reaching $115.40. 141,251 shares of the company traded hands, compared to its average volume of 119,586. The stock has a market capitalization of $2.24 billion, a PE ratio of 29.59 and a beta of 0.44. The company's 50 day moving average is $115.23 and its 200-day moving average is $127.11. J & J Snack Foods Corp. has a fifty-two week low of $109.71 and a fifty-two week high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). J & J Snack Foods had a return on equity of 8.78% and a net margin of 4.79%. The firm had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. During the same period in the prior year, the business posted $0.84 EPS. The company's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were paid a $0.78 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.70%. J & J Snack Foods's dividend payout ratio (DPR) is currently 80.00%.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.