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

Thrivent Financial for Lutherans raised its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 130.8% in the second quarter, Holdings Channel reports. The fund owned 535,831 shares of the company’s stock after buying an additional 303,673 shares during the period. Thrivent Financial for Lutherans’ holdings in J&J Snack Foods were worth $87,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JJSF. Vanguard Group Inc. raised its holdings in shares of J&J Snack Foods by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock valued at $236,544,000 after purchasing an additional 71,378 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in J&J Snack Foods by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company’s stock valued at $253,702,000 after buying an additional 89,160 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in J&J Snack Foods by 22.4% in the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock valued at $78,488,000 after buying an additional 99,264 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in J&J Snack Foods by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after buying an additional 18,932 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of J&J Snack Foods by 16.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 223,242 shares of the company’s stock worth $36,248,000 after acquiring an additional 31,897 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Stock Down 0.8 %

Shares of NASDAQ:JJSF opened at $168.09 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $168.02 and a 200-day simple moving average of $158.00. The company has a market capitalization of $3.26 billion, a PE ratio of 37.86 and a beta of 0.62. J&J Snack Foods Corp. has a twelve month low of $133.23 and a twelve month high of $176.38.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The company had revenue of $439.96 million during the quarter, compared to analysts’ expectations of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. J&J Snack Foods’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share. On average, equities analysts predict that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, September 17th. This is an increase from J&J Snack Foods’s previous quarterly dividend of $0.74. J&J Snack Foods’s dividend payout ratio (DPR) is currently 70.27%.

Insiders Place Their Bets

In other news, Director Gerald B. Shreiber sold 20,000 shares of the 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mary Lou Kehoe sold 1,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total transaction of $254,385.00. Following the sale, the vice president now owns 742 shares of the company’s stock, valued at approximately $125,835.78. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, August 6th.

J&J Snack Foods Company Profile

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.