Envestnet Asset Management Inc. Sells 2,065 Shares of J & J Snack Foods Corp. $JJSF

Envestnet Asset Management Inc. lessened its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,550 shares of the company’s stock after selling 2,065 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of J & J Snack Foods worth $2,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in shares of J & J Snack Foods by 877.3% during the 1st quarter. Raymond James Financial Inc. now owns 42,484 shares of the company’s stock worth $5,597,000 after acquiring an additional 38,137 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in J & J Snack Foods in the 1st quarter worth $764,000. Invesco Ltd. lifted its position in J & J Snack Foods by 4.6% during the first quarter. Invesco Ltd. now owns 78,008 shares of the company’s stock valued at $10,275,000 after purchasing an additional 3,442 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in J & J Snack Foods by 17.3% during the first quarter. Russell Investments Group Ltd. now owns 21,621 shares of the company’s stock valued at $2,848,000 after purchasing an additional 3,181 shares during the period. Finally, GAMMA Investing LLC grew its holdings in J & J Snack Foods by 94.4% during the second quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock valued at $79,000 after purchasing an additional 340 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Stock Performance

Shares of NASDAQ:JJSF opened at $83.09 on Monday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 19.37 and a beta of 0.39. The firm has a fifty day moving average price of $93.79 and a 200 day moving average price of $107.49. J & J Snack Foods Corp. has a fifty-two week low of $80.67 and a fifty-two week high of $176.77.

Analyst Ratings Changes

JJSF has been the topic of several recent research reports. Zacks Research raised J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, October 24th. Wall Street Zen upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of J & J Snack Foods in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, J & J Snack Foods presently has an average rating of “Hold” and an average target price of $142.50.

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.