Allspring Global Investments Holdings LLC Has $131.12 Million Stake in J & J Snack Foods Corp. $JJSF

Allspring Global Investments Holdings LLC reduced its position in J & J Snack Foods Corp. (NASDAQ:JJSF) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,663,556 shares of the company’s stock after selling 75,855 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.09% of J & J Snack Foods worth $131,121,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of J & J Snack Foods by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,000,911 shares of the company’s stock worth $180,822,000 after acquiring an additional 31,612 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of J & J Snack Foods by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 544,928 shares of the company’s stock valued at $49,244,000 after purchasing an additional 2,143 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of J & J Snack Foods by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 382,879 shares of the company’s stock valued at $34,607,000 after buying an additional 1,909 shares during the last quarter. Bank of America Corp DE grew its holdings in J & J Snack Foods by 2.9% during the second quarter. Bank of America Corp DE now owns 354,253 shares of the company’s stock worth $40,176,000 after buying an additional 9,820 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in J & J Snack Foods during the fourth quarter worth $29,596,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

J & J Snack Foods Stock Performance

JJSF opened at $78.29 on Friday. The firm has a market cap of $1.47 billion, a P/E ratio of 26.27 and a beta of 0.38. The firm has a 50-day moving average of $75.07 and a 200 day moving average of $81.84. J & J Snack Foods Corp. has a fifty-two week low of $68.87 and a fifty-two week high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $344.82 million during the quarter, compared to the consensus estimate of $349.67 million. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. Equities research analysts predict that J & J Snack Foods Corp. will post 4 earnings per share for the current fiscal year.

J & J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, June 16th. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 107.38%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Benchmark cut their price objective on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, J & J Snack Foods presently has a consensus rating of “Reduce” and a consensus target price of $120.00.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.