Rhumbline Advisers grew its holdings in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 8.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 65,705 shares of the company’s stock after acquiring an additional 4,942 shares during the period. Rhumbline Advisers’ holdings in J & J Snack Foods were worth $7,950,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JJSF. Norges Bank purchased a new position in shares of J & J Snack Foods during the 4th quarter valued at approximately $36,440,000. First Trust Advisors LP lifted its stake in J & J Snack Foods by 179.0% during the first quarter. First Trust Advisors LP now owns 37,417 shares of the company’s stock worth $5,943,000 after purchasing an additional 24,008 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in J & J Snack Foods during the fourth quarter worth $3,366,000. Nuveen Asset Management LLC lifted its stake in J & J Snack Foods by 25.7% during the fourth quarter. Nuveen Asset Management LLC now owns 80,344 shares of the company’s stock worth $14,805,000 after purchasing an additional 16,410 shares during the last quarter. Finally, Barclays PLC lifted its stake in J & J Snack Foods by 65.7% during the fourth quarter. Barclays PLC now owns 38,135 shares of the company’s stock worth $7,028,000 after purchasing an additional 15,121 shares during the last quarter. Institutional investors own 72.90% of the company’s stock.

Shares of NASDAQ JJSF opened at $124.47 on Friday. J & J Snack Foods Corp has a 1-year low of $105.67 and a 1-year high of $196.84. The business’s fifty day moving average price is $123.02 and its two-hundred day moving average price is $159.95. The firm has a market capitalization of $2.32 billion, a PE ratio of 28.83 and a beta of 0.58.

J & J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, April 27th. The company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.52). J & J Snack Foods had a return on equity of 9.80% and a net margin of 6.81%. The company had revenue of $272.00 million during the quarter, compared to analyst estimates of $260.33 million. During the same period in the prior year, the business earned $1.08 earnings per share. J & J Snack Foods’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that J & J Snack Foods Corp will post 1.25 earnings per share for the current year.

Several equities analysts recently issued reports on JJSF shares. BidaskClub cut J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Friday, May 8th. CL King upgraded J & J Snack Foods from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Tuesday, May 12th. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group restated a “hold” rating and set a $137.00 price objective on shares of J & J Snack Foods in a research note on Thursday, April 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $162.00.

About J & J Snack Foods

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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

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