Allspring Global Investments Holdings LLC Acquires 24,139 Shares of J & J Snack Foods Corp. (NASDAQ:JJSF)

Allspring Global Investments Holdings LLC lifted its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,629,344 shares of the company's stock after acquiring an additional 24,139 shares during the period. Allspring Global Investments Holdings LLC owned approximately 8.36% of J & J Snack Foods worth $216,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in J & J Snack Foods by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock valued at $256,457,000 after purchasing an additional 20,238 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in J & J Snack Foods by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock valued at $100,060,000 after purchasing an additional 2,357 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in J & J Snack Foods by 1.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 504,018 shares of the company's stock valued at $78,188,000 after purchasing an additional 7,535 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in J & J Snack Foods by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock valued at $72,648,000 after purchasing an additional 6,544 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in J & J Snack Foods by 0.6% in the 4th quarter. Bank of America Corp DE now owns 271,404 shares of the company's stock valued at $42,103,000 after purchasing an additional 1,530 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on JJSF shares. Wall Street Zen downgraded shares of J & J Snack Foods from a "hold" rating to a "sell" rating in a research note on Sunday. Benchmark dropped their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.

J & J Snack Foods Trading Down 3.5%

NASDAQ:JJSF traded down $4.02 on Friday, hitting $111.68. The company had a trading volume of 363,973 shares, compared to its average volume of 116,683. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 28.64 and a beta of 0.44. The firm has a 50 day moving average of $118.29 and a two-hundred day moving average of $131.69. J & J Snack Foods Corp. has a 52 week low of $109.71 and a 52 week high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). The business had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. J & J Snack Foods had a net margin of 4.79% and a return on equity of 8.78%. J & J Snack Foods's revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. As a group, equities analysts forecast that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, June 17th. J & J Snack Foods's payout ratio is currently 80.00%.

J & J Snack Foods Company Profile

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.