Confluence Investment Management LLC Reduces Stock Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Confluence Investment Management LLC decreased its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,971 shares of the company’s stock after selling 868 shares during the quarter. Confluence Investment Management LLC owned 0.11% of J&J Snack Foods worth $3,782,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JJSF. Sei Investments Co. grew its holdings in J&J Snack Foods by 19.4% during the 1st quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock valued at $11,912,000 after purchasing an additional 13,382 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of J&J Snack Foods during the first quarter valued at about $3,197,000. Vanguard Group Inc. increased its position in shares of J&J Snack Foods by 4.6% during the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after acquiring an additional 71,378 shares during the last quarter. ProShare Advisors LLC increased its position in shares of J&J Snack Foods by 15.3% during the first quarter. ProShare Advisors LLC now owns 55,006 shares of the company’s stock worth $7,952,000 after acquiring an additional 7,315 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of J&J Snack Foods by 130.8% in the second quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock worth $87,003,000 after acquiring an additional 303,673 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, October 29th.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 22.20% of the company’s stock.

J&J Snack Foods Trading Up 0.9 %

NASDAQ JJSF opened at $176.90 on Friday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 39.31 and a beta of 0.63. 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 company’s fifty day moving average price is $168.21 and its two-hundred day moving average price is $164.76.

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.