State of Tennessee Treasury Department raised its holdings in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 34.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,838 shares of the company’s stock after acquiring an additional 2,790 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.06% of J & J Snack Foods worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other large investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of J & J Snack Foods during the second quarter worth about $35,000. Krane Funds Advisors LLC purchased a new stake in J & J Snack Foods in the second quarter valued at approximately $58,000. Tower Research Capital LLC TRC purchased a new stake in J & J Snack Foods in the second quarter valued at approximately $60,000. North Star Investment Management Corp. purchased a new stake in J & J Snack Foods in the third quarter valued at approximately $77,000. Finally, Huntington National Bank grew its holdings in J & J Snack Foods by 10.4% in the second quarter. Huntington National Bank now owns 968 shares of the company’s stock valued at $156,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 73.95% of the company’s stock.
A number of equities research analysts recently issued reports on JJSF shares. ValuEngine downgraded shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday. Consumer Edge raised shares of J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 9th. Finally, BidaskClub cut shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. J & J Snack Foods currently has an average rating of “Hold” and a consensus target price of $176.50.
JJSF stock traded up $2.99 during midday trading on Friday, reaching $186.08. 70,500 shares of the company’s stock traded hands, compared to its average volume of 81,552. The business has a 50-day moving average price of $190.44 and a two-hundred day moving average price of $177.30. The company has a market capitalization of $3.45 billion, a P/E ratio of 37.59 and a beta of 0.34. J & J Snack Foods Corp has a fifty-two week low of $138.40 and a fifty-two week high of $196.84.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.09). The firm had revenue of $311.87 million for the quarter, compared to the consensus estimate of $309.50 million. J & J Snack Foods had a return on equity of 11.75% and a net margin of 7.99%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. Equities analysts expect that J & J Snack Foods Corp will post 5.27 earnings per share for the current year.
J & J Snack Foods Profile
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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