US Bancorp DE Trims Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

US Bancorp DE lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.5% during the third quarter, HoldingsChannel reports. The firm owned 2,592 shares of the company’s stock after selling 93 shares during the quarter. US Bancorp DE’s holdings in J&J Snack Foods were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of J&J Snack Foods by 603.8% in the second quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares during the period. Blue Trust Inc. increased its holdings in shares of J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of J&J Snack Foods in the second quarter valued at approximately $76,000. Covestor Ltd increased its holdings in shares of J&J Snack Foods by 54,200.0% in the first quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after purchasing an additional 542 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of J&J Snack Foods in the second quarter valued at approximately $114,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Trading Down 0.1 %

Shares of JJSF stock opened at $176.67 on Tuesday. The business’s fifty day moving average price is $168.34 and its 200 day moving average price is $165.40. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $180.80. The firm has a market capitalization of $3.43 billion, a PE ratio of 39.26 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 1.39.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday, October 29th.

Insider Buying and Selling

In related news, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 22.20% of the stock is currently owned by corporate insiders.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.