J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 19.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 642,648 shares of the company’s stock after purchasing an additional 106,817 shares during the period. Thrivent Financial for Lutherans owned 3.31% of J&J Snack Foods worth $110,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System increased its holdings in J&J Snack Foods by 1.9% in the second quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock valued at $705,000 after buying an additional 83 shares during the last quarter. Creative Planning boosted its position in shares of J&J Snack Foods by 1.9% during the 3rd quarter. Creative Planning now owns 4,683 shares of the company’s stock worth $806,000 after acquiring an additional 86 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of J&J Snack Foods by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after acquiring an additional 88 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of J&J Snack Foods by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock worth $1,266,000 after acquiring an additional 100 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in J&J Snack Foods by 1.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 11,878 shares of the company’s stock worth $2,044,000 after purchasing an additional 148 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

J&J Snack Foods Price Performance

Shares of NASDAQ:JJSF opened at $161.77 on Friday. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80. The firm has a market capitalization of $3.14 billion, a P/E ratio of 36.35 and a beta of 0.63. The company’s fifty day moving average price is $168.39 and its 200 day moving average price is $166.10.

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. Corporate insiders own 22.20% of the company’s stock.

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.