TIAA CREF Investment Management LLC Buys 10,482 Shares of J & J Snack Foods Corp. (JJSF)

TIAA CREF Investment Management LLC lifted its stake in J & J Snack Foods Corp. (NASDAQ:JJSF) by 17.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,645 shares of the company’s stock after purchasing an additional 10,482 shares during the period. TIAA CREF Investment Management LLC owned 0.38% of J & J Snack Foods Corp. worth $9,330,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JJSF. BNP Paribas Arbitrage SA boosted its position in shares of J & J Snack Foods Corp. by 12.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,173 shares of the company’s stock worth $430,000 after purchasing an additional 339 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of J & J Snack Foods Corp. by 36.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 7,764 shares of the company’s stock worth $1,052,000 after purchasing an additional 2,060 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of J & J Snack Foods Corp. by 7.6% in the 1st quarter. Ameriprise Financial Inc. now owns 83,123 shares of the company’s stock worth $11,269,000 after purchasing an additional 5,881 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of J & J Snack Foods Corp. by 31.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 46,992 shares of the company’s stock worth $6,370,000 after purchasing an additional 11,359 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of J & J Snack Foods Corp. in the 1st quarter worth $176,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

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J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 131.86 on Friday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 32.88 and a beta of 0.75. The firm’s 50-day moving average price is $128.16 and its 200 day moving average price is $131.53. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21.

J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 24th. The company reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.15). The firm had revenue of $295.40 million for the quarter, compared to the consensus estimate of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. On average, analysts expect that J & J Snack Foods Corp. will post $4.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $1.68 dividend on an annualized basis and a yield of 1.27%. J & J Snack Foods Corp.’s dividend payout ratio (DPR) is currently 41.90%.

J & J Snack Foods Corp. announced that its Board of Directors has approved a share buyback plan on Friday, August 4th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Several research analysts have recently issued reports on JJSF shares. BidaskClub upgraded J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th.

About J & J Snack Foods Corp.

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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

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