Royal Bank of Canada lessened its holdings in J & J Snack Foods Corp. (NASDAQ:JJSF) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,092 shares of the company’s stock after selling 136 shares during the period. Royal Bank of Canada’s holdings in J & J Snack Foods Corp. were worth $937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC purchased a new stake in shares of J & J Snack Foods Corp. in the 2nd quarter worth approximately $130,000. Riverhead Capital Management LLC lifted its position in shares of J & J Snack Foods Corp. by 36.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock worth $198,000 after purchasing an additional 400 shares during the period. Quantbot Technologies LP lifted its position in shares of J & J Snack Foods Corp. by 2,268.4% in the 2nd quarter. Quantbot Technologies LP now owns 1,800 shares of the company’s stock worth $237,000 after purchasing an additional 1,724 shares during the period. Victory Capital Management Inc. lifted its position in shares of J & J Snack Foods Corp. by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,928 shares of the company’s stock worth $255,000 after purchasing an additional 289 shares during the period. Finally, Pinebridge Investments L.P. lifted its position in shares of J & J Snack Foods Corp. by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,973 shares of the company’s stock worth $260,000 after purchasing an additional 21 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC set a $125.00 price target on shares of J & J Snack Foods Corp. and gave the stock a “hold” rating in a research report on Sunday, October 29th.

Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) opened at $131.36 on Monday. J & J Snack Foods Corp. has a 52-week low of $102.81 and a 52-week high of $143.21. The company has a market cap of $2,461.51, a P/E ratio of 32.76 and a beta of 0.75.

J & J Snack Foods Corp. announced that its board has approved a share buyback plan on Friday, August 4th that permits the company to buyback 500,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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About J & J Snack Foods Corp.

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

Institutional Ownership by Quarter for J & J Snack Foods Corp. (NASDAQ:JJSF)

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