Principal Financial Group Inc. Reduces Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Principal Financial Group Inc. lowered its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,592 shares of the company's stock after selling 3,451 shares during the period. Principal Financial Group Inc. owned 0.38% of J&J Snack Foods worth $12,667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Thrivent Financial for Lutherans raised its position in shares of J&J Snack Foods by 130.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company's stock worth $87,003,000 after acquiring an additional 303,673 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in J&J Snack Foods by 22.4% in the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company's stock worth $78,488,000 after purchasing an additional 99,264 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of J&J Snack Foods by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company's stock valued at $253,702,000 after buying an additional 89,160 shares in the last quarter. Vanguard Group Inc. lifted its position in J&J Snack Foods by 4.6% during the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company's stock valued at $236,544,000 after acquiring an additional 71,378 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in J&J Snack Foods by 16.7% in the second quarter. Bank of New York Mellon Corp now owns 223,242 shares of the company's stock worth $36,248,000 after purchasing an additional 31,897 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

Analysts Set New Price Targets

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

J&J Snack Foods Trading Down 2.8 %

Shares of JJSF stock traded down $4.73 during trading hours on Friday, reaching $161.77. 157,774 shares of the company's stock were exchanged, compared to its average volume of 68,652. The stock has a market cap of $3.14 billion, a PE ratio of 36.35 and a beta of 0.63. The stock's fifty day moving average price is $168.39 and its two-hundred day moving average price is $166.10. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $180.80.

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

Insider Transactions at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the business's stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.