Teacher Retirement System of Texas Purchases 36,571 Shares of J & J Snack Foods Corp. $JJSF

Teacher Retirement System of Texas boosted its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 1,544.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,939 shares of the company’s stock after purchasing an additional 36,571 shares during the period. Teacher Retirement System of Texas’ holdings in J & J Snack Foods were worth $3,742,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JJSF. Allspring Global Investments Holdings LLC raised its holdings in shares of J & J Snack Foods by 1.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,712,436 shares of the company’s stock worth $168,367,000 after buying an additional 24,175 shares in the last quarter. Geneva Capital Management LLC grew its position in J & J Snack Foods by 6.4% in the second quarter. Geneva Capital Management LLC now owns 553,622 shares of the company’s stock valued at $62,786,000 after acquiring an additional 33,376 shares during the last quarter. Geode Capital Management LLC raised its stake in J & J Snack Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 380,970 shares of the company’s stock worth $43,211,000 after acquiring an additional 6,334 shares in the last quarter. Bank of America Corp DE raised its stake in J & J Snack Foods by 2.9% during the second quarter. Bank of America Corp DE now owns 354,253 shares of the company’s stock worth $40,176,000 after acquiring an additional 9,820 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of J & J Snack Foods by 3.4% in the second quarter. First Trust Advisors LP now owns 337,433 shares of the company’s stock worth $38,268,000 after acquiring an additional 11,045 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

J & J Snack Foods Price Performance

NASDAQ:JJSF opened at $94.21 on Wednesday. J & J Snack Foods Corp. has a one year low of $80.67 and a one year high of $145.42. The company has a market cap of $1.79 billion, a PE ratio of 28.12 and a beta of 0.34. The firm’s 50 day simple moving average is $92.67 and its 200 day simple moving average is $98.87.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, November 17th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.34. The firm had revenue of $410.24 million during the quarter, compared to the consensus estimate of $424.08 million. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 earnings per share. Equities research analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, December 16th. J & J Snack Foods’s dividend payout ratio (DPR) is currently 95.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Monday, December 29th. Finally, Benchmark reiterated a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $132.50.

Insider Buying and Selling

In related news, Director Kathleen E. Ciaramello purchased 540 shares of J & J Snack Foods stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $90.56 per share, for a total transaction of $48,902.40. Following the transaction, the director owned 1,013 shares of the company’s stock, valued at approximately $91,737.28. This represents a 114.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.40% of the company’s stock.

J & J Snack Foods Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.