California Public Employees Retirement System Increases Stake in J & J Snack Foods Corp (NASDAQ:JJSF)

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California Public Employees Retirement System increased its position in J & J Snack Foods Corp (NASDAQ:JJSF) by 73.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 36,465 shares of the company’s stock after purchasing an additional 15,473 shares during the period. California Public Employees Retirement System’s holdings in J & J Snack Foods were worth $7,001,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in J & J Snack Foods by 3.0% in the 2nd quarter. BlackRock Inc. now owns 2,238,141 shares of the company’s stock worth $360,229,000 after acquiring an additional 64,779 shares during the last quarter. Vanguard Group Inc. increased its holdings in J & J Snack Foods by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,767,892 shares of the company’s stock worth $284,543,000 after acquiring an additional 20,498 shares during the last quarter. Macquarie Group Ltd. increased its holdings in J & J Snack Foods by 3.7% in the 2nd quarter. Macquarie Group Ltd. now owns 782,338 shares of the company’s stock worth $125,918,000 after acquiring an additional 28,233 shares during the last quarter. Wells Fargo & Company MN increased its holdings in J & J Snack Foods by 14.7% in the 2nd quarter. Wells Fargo & Company MN now owns 467,151 shares of the company’s stock worth $75,189,000 after acquiring an additional 59,910 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in J & J Snack Foods by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,491 shares of the company’s stock worth $35,809,000 after acquiring an additional 5,365 shares during the last quarter. 73.95% of the stock is owned by institutional investors.

Shares of NASDAQ JJSF opened at $183.09 on Friday. J & J Snack Foods Corp has a 52 week low of $138.40 and a 52 week high of $196.84. The business has a 50-day simple moving average of $190.64 and a two-hundred day simple moving average of $177.15. The company has a market cap of $3.46 billion, a P/E ratio of 36.99 and a beta of 0.34.

J & J Snack Foods (NASDAQ:JJSF) last issued its 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). J & J Snack Foods had a return on equity of 11.75% and a net margin of 7.99%. The company had revenue of $311.87 million during the quarter, compared to the consensus estimate of $309.50 million. During the same quarter in the prior year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that J & J Snack Foods Corp will post 5.27 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. ValuEngine lowered J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub lowered J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Zacks Investment Research lowered J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Consumer Edge raised J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $176.50.

About J & J Snack Foods

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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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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