Geneva Capital Management LLC Acquires 7,283 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Geneva Capital Management LLC increased its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 1.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,660 shares of the company’s stock after buying an additional 7,283 shares during the period. J&J Snack Foods comprises approximately 1.5% of Geneva Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Geneva Capital Management LLC owned about 2.71% of J&J Snack Foods worth $90,649,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its holdings in J&J Snack Foods by 1.8% in the first quarter. Texas Permanent School Fund Corp now owns 13,569 shares of the company’s stock worth $1,962,000 after purchasing an additional 238 shares in the last quarter. Swiss National Bank boosted its stake in J&J Snack Foods by 0.7% in the first quarter. Swiss National Bank now owns 30,600 shares of the company’s stock valued at $4,424,000 after acquiring an additional 200 shares in the last quarter. Sei Investments Co. grew its holdings in J&J Snack Foods by 19.4% in the first quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock worth $11,912,000 after purchasing an additional 13,382 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 purchasing an additional 7,315 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of J&J Snack Foods by 17.5% during the 1st quarter. Blair William & Co. IL now owns 7,913 shares of the company’s stock valued at $1,144,000 after purchasing an additional 1,178 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Insiders Place Their Bets

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

J&J Snack Foods Stock Down 1.0 %

JJSF stock opened at $174.98 on Wednesday. The stock has a market capitalization of $3.40 billion, a PE ratio of 38.88 and a beta of 0.63. J&J Snack Foods Corp. has a 52 week low of $133.23 and a 52 week high of $180.80. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $168.42 and a 200 day moving average of $165.67.

Analysts Set New Price Targets

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

J&J Snack Foods Company Profile

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.