Canada Pension Plan Investment Board Invests $114,000 in J&J Snack Foods Corp. (NASDAQ:JJSF)

Canada Pension Plan Investment Board purchased a new stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 700 shares of the company’s stock, valued at approximately $114,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its holdings in shares of J&J Snack Foods by 180.1% during the second quarter. Inspire Investing LLC now owns 6,953 shares of the company’s stock worth $1,129,000 after buying an additional 4,471 shares in the last quarter. Blair William & Co. IL increased its holdings in J&J Snack Foods by 2.4% during the 2nd quarter. Blair William & Co. IL now owns 8,103 shares of the company’s stock valued at $1,316,000 after purchasing an additional 190 shares in the last quarter. Dimensional Fund Advisors LP raised its position in J&J Snack Foods by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock valued at $74,400,000 after purchasing an additional 18,932 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in J&J Snack Foods by 18.8% in the second quarter. Envestnet Asset Management Inc. now owns 24,360 shares of the company’s stock worth $3,955,000 after purchasing an additional 3,847 shares in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in J&J Snack Foods in the second quarter worth $227,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

J&J Snack Foods Price Performance

Shares of JJSF stock opened at $170.85 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 current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $168.29 and its 200-day moving average is $158.88. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 38.48 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The firm had revenue of $439.96 million during the quarter, compared to the consensus estimate of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. Sell-side analysts forecast that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal 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 represents a $3.12 dividend on an annualized basis and a yield of 1.83%. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date is Tuesday, September 17th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 70.27%.

Insiders Place Their Bets

In other news, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the transaction, the vice president now owns 742 shares of the company’s stock, valued at approximately $125,835.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Mary Lou Kehoe sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the transaction, the vice president now directly owns 742 shares in the company, valued at $125,835.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.

J&J Snack Foods Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.