Thrivent Financial for Lutherans Buys 2,357 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Thrivent Financial for Lutherans boosted its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645,005 shares of the company’s stock after buying an additional 2,357 shares during the quarter. Thrivent Financial for Lutherans’ holdings in J&J Snack Foods were worth $100,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cibc World Markets Corp bought a new stake in J&J Snack Foods during the 4th quarter valued at about $221,000. Swiss National Bank lifted its holdings in J&J Snack Foods by 1.0% during the 4th quarter. Swiss National Bank now owns 30,600 shares of the company’s stock valued at $4,747,000 after buying an additional 300 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of J&J Snack Foods in the 4th quarter valued at about $674,000. Charles Schwab Investment Management Inc. raised its holdings in shares of J&J Snack Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock valued at $28,803,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of J&J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Down 2.1 %

NASDAQ:JJSF opened at $130.73 on Wednesday. J&J Snack Foods Corp. has a 52 week low of $116.60 and a 52 week high of $180.80. The firm has a 50 day moving average of $134.43 and a 200 day moving average of $155.38. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.12 and a beta of 0.66.

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

J&J Snack Foods Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th. Jefferies Financial Group reduced 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 report on Tuesday, February 18th.

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.