Thrivent Financial for Lutherans Buys 106,817 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Thrivent Financial for Lutherans raised its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 19.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 642,648 shares of the company's stock after purchasing an additional 106,817 shares during the quarter. Thrivent Financial for Lutherans owned approximately 3.31% of J&J Snack Foods worth $110,612,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of J&J Snack Foods by 0.7% in the 1st quarter. Swiss National Bank now owns 30,600 shares of the company's stock worth $4,424,000 after acquiring an additional 200 shares in the last quarter. Blair William & Co. IL raised its holdings in J&J Snack Foods by 17.5% in the first quarter. Blair William & Co. IL now owns 7,913 shares of the company's stock worth $1,144,000 after purchasing an additional 1,178 shares in the last quarter. Nicolet Advisory Services LLC purchased a new position in J&J Snack Foods during the first quarter valued at $220,000. Vanguard Group Inc. boosted its holdings in shares of J&J Snack Foods by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company's stock valued at $236,544,000 after buying an additional 71,378 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of J&J Snack Foods in the 1st quarter worth about $3,197,000. 76.04% of the stock is currently owned by institutional investors.

J&J Snack Foods Stock Performance

Shares of JJSF traded down $4.73 during mid-day trading on Friday, reaching $161.77. The company had a trading volume of 157,774 shares, compared to its average volume of 68,652. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 36.35 and a beta of 0.63. The firm has a 50-day moving average price of $168.39 and a 200 day moving average price of $166.31. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The company had revenue of $426.76 million during the quarter, compared to the consensus estimate of $428.33 million. During the same period last year, the firm posted $1.73 earnings per share. The company's revenue was down 3.9% compared to the same quarter last year. As a group, research analysts forecast that J&J Snack Foods Corp. will post 6.05 earnings per share for the current fiscal year.

Insider Activity at J&J Snack Foods

In related news, Director Gerald B. Shreiber sold 20,000 shares of the business'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 value of $3,359,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 22.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Benchmark reissued a "buy" rating and set a $200.00 price target on shares of J&J Snack Foods in a research report on Friday.

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.