J & J Snack Foods Corp. $JJSF Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in J & J Snack Foods Corp. (NASDAQ:JJSFFree Report) by 77.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,076 shares of the company’s stock after selling 339,138 shares during the period. Thrivent Financial for Lutherans owned approximately 0.51% of J & J Snack Foods worth $8,773,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Allworth Financial LP raised its holdings in J & J Snack Foods by 485.1% in the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Ballentine Partners LLC raised its holdings in J & J Snack Foods by 638.5% in the 4th quarter. Ballentine Partners LLC now owns 16,211 shares of the company’s stock valued at $1,465,000 after acquiring an additional 14,016 shares during the last quarter. MGO One Seven LLC acquired a new stake in J & J Snack Foods in the 4th quarter valued at about $220,000. Vanguard Group Inc. raised its holdings in J & J Snack Foods by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock valued at $180,822,000 after acquiring an additional 31,612 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in J & J Snack Foods in the 4th quarter valued at about $451,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J & J Snack Foods Price Performance

J & J Snack Foods stock opened at $72.55 on Wednesday. The firm has a 50 day simple moving average of $79.40 and a 200-day simple moving average of $85.88. J & J Snack Foods Corp. has a 1-year low of $68.87 and a 1-year high of $129.24. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 24.35 and a beta of 0.43.

J & J Snack Foods (NASDAQ:JJSFGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The business had revenue of $344.82 million during the quarter, compared to analysts’ expectations of $349.67 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts expect that J & J Snack Foods Corp. will post 4.16 earnings per share for the current fiscal year.

J & J Snack Foods announced that its board has authorized a stock repurchase plan on Tuesday, February 3rd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have commented on JJSF shares. Zacks Research downgraded shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Benchmark cut their price objective on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $120.00.

Read Our Latest Stock Analysis on JJSF

J & J Snack Foods Profile

(Free Report)

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.

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Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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