J & J Snack Foods Corp. $JJSF Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 29.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,926 shares of the company’s stock after acquiring an additional 48,466 shares during the period. Bank of New York Mellon Corp owned approximately 1.08% of J & J Snack Foods worth $23,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of JJSF. Allspring Global Investments Holdings LLC raised its stake in shares of J & J Snack Foods by 3.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,688,261 shares of the company’s stock valued at $200,143,000 after purchasing an additional 58,917 shares in the last quarter. Vanguard Group Inc. increased its stake in J & J Snack Foods by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 1,673,976 shares of the company’s stock valued at $220,496,000 after buying an additional 20,803 shares during the period. Westwood Holdings Group Inc. increased its stake in J & J Snack Foods by 21.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company’s stock valued at $80,412,000 after buying an additional 106,459 shares during the period. Geneva Capital Management LLC raised its position in shares of J & J Snack Foods by 6.4% during the 2nd quarter. Geneva Capital Management LLC now owns 553,622 shares of the company’s stock worth $62,786,000 after buying an additional 33,376 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of J & J Snack Foods by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 188,327 shares of the company’s stock worth $24,806,000 after acquiring an additional 2,658 shares during the period. Institutional investors own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JJSF shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of J & J Snack Foods in a research note on Thursday. Wall Street Zen raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research raised J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $142.50.

J & J Snack Foods Price Performance

JJSF stock opened at $83.09 on Friday. The firm has a market cap of $1.62 billion, a PE ratio of 19.37 and a beta of 0.39. J & J Snack Foods Corp. has a 12 month low of $80.67 and a 12 month high of $176.77. The firm has a 50 day simple moving average of $93.79 and a 200 day simple moving average of $107.65.

About J & J Snack Foods

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.