Thrivent Financial for Lutherans Boosts Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Thrivent Financial for Lutherans lifted its position in J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 645,005 shares of the company's stock after purchasing an additional 2,357 shares during the period. Thrivent Financial for Lutherans owned about 3.31% of J&J Snack Foods worth $100,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in JJSF. Smartleaf Asset Management LLC grew its holdings in shares of J&J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after purchasing an additional 198 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of J&J Snack Foods in the fourth quarter worth approximately $74,000. Blue Trust Inc. grew its holdings in shares of J&J Snack Foods by 27.4% in the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock worth $86,000 after purchasing an additional 107 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of J&J Snack Foods by 32.8% in the fourth quarter. GAMMA Investing LLC now owns 603 shares of the company's stock worth $94,000 after purchasing an additional 149 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of J&J Snack Foods by 48.2% in the fourth quarter. KBC Group NV now owns 627 shares of the company's stock worth $97,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

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Analyst Upgrades and Downgrades

JJSF has been the topic of several recent analyst reports. Jefferies Financial Group cut their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Price Performance

NASDAQ:JJSF traded down $1.30 during trading hours on Friday, hitting $126.71. The company had a trading volume of 295,303 shares, compared to its average volume of 94,422. The company has a market capitalization of $2.47 billion, a PE ratio of 29.20 and a beta of 0.66. The stock has a 50-day moving average price of $133.44 and a 200 day moving average price of $154.60. J&J Snack Foods Corp. has a 52 week low of $116.60 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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%. Analysts anticipate that J&J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods's dividend payout ratio (DPR) is presently 71.89%.

J&J Snack Foods Company Profile

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.