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

Thrivent Financial for Lutherans lessened its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 436,214 shares of the company’s stock after selling 92,502 shares during the quarter. Thrivent Financial for Lutherans owned about 2.24% of J & J Snack Foods worth $41,916,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in JJSF. Bank of New York Mellon Corp boosted its holdings in shares of J & J Snack Foods by 29.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 210,926 shares of the company’s stock worth $23,921,000 after purchasing an additional 48,466 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of J & J Snack Foods by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,712,436 shares of the company’s stock valued at $168,367,000 after purchasing an additional 24,175 shares during the last quarter. Geneva Capital Management LLC lifted its position in J & J Snack Foods by 6.4% during the second 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. American Century Companies Inc. boosted its stake in J & J Snack Foods by 166.2% during the second quarter. American Century Companies Inc. now owns 25,996 shares of the company’s stock worth $2,948,000 after buying an additional 16,231 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in J & J Snack Foods in the 2nd quarter valued at $329,000. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J & J Snack Foods Price Performance

Shares of JJSF stock opened at $95.20 on Tuesday. J & J Snack Foods Corp. has a 1-year low of $80.67 and a 1-year high of $144.37. The firm has a market cap of $1.81 billion, a PE ratio of 28.42 and a beta of 0.34. The company has a 50-day moving average of $93.01 and a two-hundred day moving average of $98.26.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, November 17th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.24 by $0.34. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. The firm had revenue of $410.24 million for the quarter, compared to analyst estimates of $424.08 million. During the same period in the prior year, the business posted $1.60 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Sell-side analysts anticipate that J & J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, December 16th. J & J Snack Foods’s dividend payout ratio (DPR) is currently 95.52%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Zacks Research lowered J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Benchmark reiterated a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, J & J Snack Foods currently has a consensus rating of “Hold” and an average price target of $132.50.

Insider Buying and Selling at J & J Snack Foods

In other news, Director Kathleen E. Ciaramello acquired 540 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average price of $90.56 per share, for a total transaction of $48,902.40. Following the acquisition, the director owned 1,013 shares of the company’s stock, valued at $91,737.28. This represents a 114.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.40% of the company’s stock.

J & J Snack Foods Company Profile

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.