Crossmark Global Holdings Inc. Takes $285,000 Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Crossmark Global Holdings Inc. purchased a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,655 shares of the company’s stock, valued at approximately $285,000.

Other large investors also recently bought and sold shares of the company. Atria Investments Inc purchased a new stake in shares of J&J Snack Foods in the third quarter valued at approximately $280,000. Radnor Capital Management LLC acquired a new stake in J&J Snack Foods in the 3rd quarter valued at $586,000. Bernzott Capital Advisors increased its holdings in J&J Snack Foods by 5.5% in the 3rd quarter. Bernzott Capital Advisors now owns 32,413 shares of the company’s stock worth $5,579,000 after acquiring an additional 1,683 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in J&J Snack Foods by 3.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock worth $278,899,000 after acquiring an additional 57,887 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. raised its position in J&J Snack Foods by 16.7% during the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,000 shares of the company’s stock worth $1,205,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research report on Friday.

J&J Snack Foods Trading Down 2.8 %

NASDAQ:JJSF opened at $161.77 on Monday. The firm has a market cap of $3.14 billion, a P/E ratio of 36.35 and a beta of 0.63. The stock has a 50 day moving average of $168.39 and a two-hundred day moving average of $166.31. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The firm had revenue of $426.76 million during the quarter, compared to analyst estimates of $428.33 million. During the same period in the prior year, the company posted $1.73 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, research analysts forecast that J&J Snack Foods Corp. will post 6.05 earnings per share for the current year.

Insider Transactions at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.20% of the company’s stock.

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.