J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 4,571 shares of the company’s stock after selling 157 shares during the quarter. Amalgamated Bank’s holdings in J&J Snack Foods were worth $787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares in the last quarter. Blue Trust Inc. lifted its position in shares of J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of J&J Snack Foods in the second quarter valued at approximately $76,000. Covestor Ltd grew 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 in the last quarter. 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. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $3,359,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 22.20% of the company’s stock.

J&J Snack Foods Trading Down 3.9 %

JJSF opened at $166.50 on Friday. The business has a fifty day moving average price of $168.46 and a 200 day moving average price of $165.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 1.39. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 37.00 and a beta of 0.63.

Wall Street Analyst Weigh In

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

J&J Snack Foods 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.