Allspring Global Investments Holdings LLC Cuts Stock Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Allspring Global Investments Holdings LLC cut its holdings in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,605,205 shares of the company’s stock after selling 15,173 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of J&J Snack Foods worth $246,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in J&J Snack Foods by 4.1% during the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock valued at $259,000 after buying an additional 61 shares during the period. Creative Planning boosted its stake in J&J Snack Foods by 1.9% in the third quarter. Creative Planning now owns 4,683 shares of the company’s stock valued at $806,000 after acquiring an additional 86 shares during the last quarter. GAMMA Investing LLC grew its position in shares of J&J Snack Foods by 24.0% during 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 period. Martingale Asset Management L P grew its holdings in J&J Snack Foods by 0.7% during the third quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock valued at $2,428,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after acquiring an additional 107 shares during the period. 76.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Trading Up 1.6 %

Shares of J&J Snack Foods stock opened at $127.07 on Wednesday. The company’s 50-day moving average price is $148.95 and its 200-day moving average price is $161.85. J&J Snack Foods Corp. has a 12-month low of $116.60 and a 12-month high of $180.80. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 29.28 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, sell-side analysts predict that J&J Snack Foods Corp. will post 5.36 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The firm 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. This represents a $3.12 annualized dividend and a yield of 2.46%. The ex-dividend date was Tuesday, December 17th. 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.