Allspring Global Investments Holdings LLC Sells 15,173 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Allspring Global Investments Holdings LLC lowered its stake in J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,605,205 shares of the company’s stock after selling 15,173 shares during the quarter. Allspring Global Investments Holdings LLC owned 8.24% of J&J Snack Foods worth $246,864,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its holdings in J&J Snack Foods by 19.9% in the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after purchasing an additional 106,817 shares during the period. Barclays PLC grew its stake in shares of J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock valued at $5,175,000 after buying an additional 24,435 shares during the period. State Street Corp increased its position in J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after buying an additional 17,062 shares in the last quarter. DAVENPORT & Co LLC increased its position in J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock valued at $38,596,000 after buying an additional 13,653 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in J&J Snack Foods by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock worth $7,672,000 after buying an additional 9,703 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Trading Up 1.6 %

Shares of JJSF stock opened at $127.07 on Wednesday. The firm has a fifty day simple moving average of $148.95 and a two-hundred day simple moving average of $161.85. J&J Snack Foods Corp. has a 12 month low of $116.60 and a 12 month high of $180.80. The firm has a market capitalization of $2.48 billion, a PE ratio of 29.28 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts predict that J&J Snack Foods Corp. will post 5.36 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were given a dividend of $0.78 per share. The ex-dividend date was Tuesday, December 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.46%. J&J Snack Foods’s payout ratio is 71.89%.

About J&J Snack Foods

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.