Crossmark Global Holdings Inc. Buys Shares of 1,655 J&J Snack Foods Corp. (NASDAQ:JJSF)

Crossmark Global Holdings Inc. purchased a new stake in J&J Snack Foods Corp. (NASDAQ:JJSF) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,655 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in J&J Snack Foods by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock valued at $236,544,000 after acquiring an additional 71,378 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of J&J Snack Foods by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after purchasing an additional 57,887 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of J&J Snack Foods by 22.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock worth $78,488,000 after purchasing an additional 99,264 shares during the period. Thrivent Financial for Lutherans increased its position in shares of J&J Snack Foods by 130.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock worth $87,003,000 after purchasing an additional 303,673 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in J&J Snack Foods by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock valued at $74,400,000 after buying an additional 18,932 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insider Transactions at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 22.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

J&J Snack Foods Stock Performance

J&J Snack Foods stock opened at $161.77 on Monday. The firm has a 50 day moving average price of $168.39 and a 200 day moving average price of $166.31. J&J Snack Foods Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $180.80. The company has a market capitalization of $3.14 billion, a PE ratio of 36.35 and a beta of 0.63.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.25). The firm had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. J&J Snack Foods’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. As a group, equities research analysts forecast that J&J Snack Foods Corp. will post 6.05 earnings per share for the current year.

About J&J Snack Foods

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.