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

Thrivent Financial for Lutherans increased its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 645,005 shares of the company’s stock after acquiring 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.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in 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 acquiring an additional 198 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in J&J Snack Foods in the fourth quarter worth $74,000. Blue Trust Inc. lifted its stake in 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 lifted its stake in 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 lifted its stake in 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. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

J&J Snack Foods Price Performance

JJSF stock opened at $130.73 on Wednesday. J&J Snack Foods Corp. has a 1 year low of $116.60 and a 1 year high of $180.80. The company has a market cap of $2.55 billion, a P/E ratio of 30.12 and a beta of 0.66. The firm has a 50-day moving average of $134.43 and a 200 day moving average of $155.38.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, equities research analysts expect that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.39%. J&J Snack Foods’s payout ratio is currently 71.89%.

Analyst Ratings Changes

Several research firms have weighed in on JJSF. Jefferies Financial Group lowered their price target on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods 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.