Illinois Municipal Retirement Fund Has $1.29 Million Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Illinois Municipal Retirement Fund lessened its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,341 shares of the company’s stock after selling 91 shares during the period. Illinois Municipal Retirement Fund’s holdings in J&J Snack Foods were worth $1,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of J&J Snack Foods by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock worth $259,000 after acquiring an additional 61 shares during the last quarter. Creative Planning raised its holdings in shares of J&J Snack Foods by 1.9% in the 3rd quarter. Creative Planning now owns 4,683 shares of the company’s stock worth $806,000 after acquiring an additional 86 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of J&J Snack Foods by 0.7% in the 3rd quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock worth $2,428,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of J&J Snack Foods by 27.4% in the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after acquiring an additional 107 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its holdings in shares of J&J Snack Foods by 6.4% in the 3rd quarter. Nicolet Advisory Services LLC now owns 2,105 shares of the company’s stock worth $355,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

JJSF has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, February 4th.

J&J Snack Foods Stock Performance

Shares of JJSF stock opened at $131.44 on Friday. J&J Snack Foods Corp. has a 52-week low of $116.60 and a 52-week high of $180.80. The company has a 50-day simple moving average of $139.05 and a two-hundred day simple moving average of $158.42. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 30.29 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, sell-side analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is currently 71.89%.

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.