Allspring Global Investments Holdings LLC Sells 15,173 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Allspring Global Investments Holdings LLC trimmed its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,605,205 shares of the company's stock after selling 15,173 shares during the period. Allspring Global Investments Holdings LLC owned about 8.24% of J&J Snack Foods worth $246,864,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of J&J Snack Foods by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,546 shares of the company's stock valued at $259,000 after buying an additional 61 shares in the last quarter. Creative Planning increased its holdings in shares of J&J Snack Foods by 1.9% in the 3rd quarter. Creative Planning now owns 4,683 shares of the company's stock worth $806,000 after buying an additional 86 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of J&J Snack Foods by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $78,000 after purchasing an additional 88 shares during the last quarter. Martingale Asset Management L P grew its holdings in shares of J&J Snack Foods by 0.7% during the 3rd quarter. Martingale Asset Management L P now owns 14,109 shares of the company's stock valued at $2,428,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after purchasing an additional 107 shares during the last quarter. 76.04% of the stock is owned by institutional investors.

J&J Snack Foods Stock Down 4.2 %

Shares of NASDAQ:JJSF traded down $5.54 on Friday, hitting $124.85. The company had a trading volume of 115,545 shares, compared to its average volume of 164,248. The firm's 50-day simple moving average is $146.46 and its two-hundred day simple moving average is $161.09. J&J Snack Foods Corp. has a 1 year low of $116.60 and a 1 year high of $180.80. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 28.77 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Equities research analysts anticipate that J&J Snack Foods Corp. will post 5.36 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.50%. J&J Snack Foods's dividend payout ratio (DPR) is presently 71.89%.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a "buy" rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.