Renaissance Technologies LLC decreased its position in J&J Snack Foods Corp. (NASDAQ:JJSF)

VaselineSeptember 27, 2024

0 4 minutes read

Renaissance Technologies LLC reduced its stake in J&J Snack Foods Corp. (NASDAQ:JJSF – Free Report) by 23.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,456 shares of the company’s stock after selling 11,550 shares during the quarter. Renaissance Technologies LLC owned about 0.19% of J&J Snack Foods worth $6,082,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in J&J Snack Foods by 1.9% during the second quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock valued at $705,000 after acquiring an additional 83 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of J&J Snack Foods by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock valued at $1,266,000 after purchasing an additional 100 shares during the last quarter. Bridge City Capital LLC boosted its holdings in J&J Snack Foods by 0.8% in the first quarter. Bridge City Capital LLC now owns 14,056 shares of the company’s stock worth $2,032,000 after purchasing an additional 110 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in J&J Snack Foods by 1.4% in the first quarter. Illinois Municipal Retirement Fund now owns 8,632 shares of the company’s stock worth $1,248,000 after buying an additional 121 shares in the last quarter. Finally, Quadrature Capital Ltd grew its position in J&J Snack Foods by 11.3% in the 4th quarter. Quadrature Capital Ltd now owns 1,680 shares of the company’s stock worth $281,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s shares.

Analyst upgrades and downgrades

Separately, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, August 6th.

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Insider buying and selling at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction dated Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mary Lou Kehoe sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the sale, the vice president now directly owns 742 shares in the company, valued at approximately $125,835.78. The disclosure for this sale can be found here. 22.20% of shares are owned by corporate insiders.

J&J Snack Foods stocks rose 0.6%

Shares of NASDAQ:JJSF opened at $169.99 on Friday. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $176.38. The company has a market cap of $3.30 billion, a PE ratio of 38.29 and a beta of 0.62. The company has a fifty day moving average price of $168.23 and a two hundred day moving average price of $158.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27, and a quick ratio of 1.39.

J&J Snack Foods (NASDAQ:JJSF – Get Your Free Report ) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The company had revenue of $439.96 million for the quarter, compared to analysts’ expectations of $440.92 million. J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The company’s quarterly revenue was up 3.3% year over year. In the same quarter last year, the business posted EPS of $1.92. Analysts estimate that J&J Snack Foods Corp. will record 5.21 earnings per share for the current year.

J&J Snack Foods increases dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, September 17th will be given a $0.78 dividend. This is an increase from J&J Snack Foods’ previous quarterly dividend of $0.74. The ex-dividend date is Tuesday, September 17th. This represents an annualized dividend of $3.12 and a yield of 1.84%. J&J Snack Foods’s dividend payout ratio is currently 70.27%.

J&J Snack Foods Profile

(Free Report)

J&J Snack Foods Corp. manufactures, markets and distributes nutritional snacks and beverages to the food industry and retail supermarkets in the United States, Mexico and Canada. It operates through three segments: Foodservice, Retail Supermarkets and Frozen Beverages. Offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY and BRAUHAUS brands, as well as under private label brands; frozen novelty under the brands DIPPIN’DOTS, LUIGI’S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE and MINUTE MAID; churros under HOLA! and the CALIFORNIA CHURROS brands; and portable products under the SUPREME STUFFERS and SWEET STUFFERS brands.