J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,620,378 shares of the company's stock after purchasing an additional 57,887 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 8.36% of J&J Snack Foods worth $278,899,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in J&J Snack Foods during the first quarter worth $29,000. GAMMA Investing LLC increased its position in J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company's stock worth $59,000 after purchasing an additional 314 shares in the last quarter. Blue Trust Inc. lifted its holdings in J&J Snack Foods by 39,000.0% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company's stock valued at $63,000 after purchasing an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of J&J Snack Foods during the 2nd quarter worth about $76,000. Finally, Covestor Ltd raised its position in shares of J&J Snack Foods by 54,200.0% in the first quarter. Covestor Ltd now owns 543 shares of the company's stock valued at $78,000 after buying an additional 542 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated 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.

Insiders Place Their Bets

In other news, Director Gerald B. Shreiber sold 20,000 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gerald B. Shreiber sold 20,000 shares of the company's stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The sale 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 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 completion of the sale, the vice president now owns 742 shares of the company's stock, valued at approximately $125,835.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

J&J Snack Foods Trading Up 0.0 %

Shares of JJSF stock traded up $0.04 during mid-day trading on Friday, hitting $168.58. 119,653 shares of the company's stock were exchanged, compared to its average volume of 88,466. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 37.97 and a beta of 0.62. The stock has a 50-day simple moving average of $168.77 and a two-hundred day simple moving average of $161.65. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $176.38. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings results 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). J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The business had revenue of $439.96 million during the quarter, compared to analyst estimates of $440.92 million. During the same period in the previous year, the business posted $1.92 earnings per share. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This is a boost from J&J Snack Foods's previous quarterly dividend of $0.74. This represents a $3.12 annualized dividend and a dividend yield of 1.85%. J&J Snack Foods's payout ratio is currently 70.27%.

About J&J Snack Foods

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.