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

Teacher Retirement System of Texas lifted 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 filing with the Securities and Exchange Commission. The firm owned 38,939 shares of the company’s stock after acquiring an additional 36,571 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.20% of J & J Snack Foods worth $3,742,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JJSF. AQR Capital Management LLC bought a new position in J & J Snack Foods during the first quarter worth $228,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of J & J Snack Foods by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,079 shares of the company’s stock worth $1,196,000 after buying an additional 397 shares during the last quarter. Millennium Management LLC lifted its stake in shares of J & J Snack Foods by 122.1% during the 1st quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock worth $9,566,000 after buying an additional 39,933 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of J & J Snack Foods by 49.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,376 shares of the company’s stock worth $445,000 after buying an additional 1,120 shares during the period. Finally, Jane Street Group LLC grew its stake in J & J Snack Foods by 465.8% in the 1st quarter. Jane Street Group LLC now owns 25,746 shares of the company’s stock valued at $3,391,000 after buying an additional 21,196 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Insider Buying and Selling

In other news, Director Kathleen E. Ciaramello acquired 540 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of $90.56 per share, with a total value of $48,902.40. Following the completion of the transaction, the director directly owned 1,013 shares of the company’s stock, valued at $91,737.28. This trade represents a 114.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.40% of the stock is currently owned by company insiders.

J & J Snack Foods Trading Up 0.9%

NASDAQ JJSF opened at $94.21 on Wednesday. J & J Snack Foods Corp. has a 1-year low of $80.67 and a 1-year high of $145.42. The company has a 50 day moving average of $92.67 and a 200-day moving average of $98.87. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 28.12 and a beta of 0.34.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, November 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.34. The business had revenue of $410.24 million for the quarter, compared to the consensus estimate of $424.08 million. J & J Snack Foods had a return on equity of 8.73% and a net margin of 4.14%.The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. On average, equities research analysts forecast that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About J & J Snack Foods

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.