Principal Financial Group Inc. Has $12.67 Million Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Principal Financial Group Inc. reduced its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,592 shares of the company’s stock after selling 3,451 shares during the quarter. Principal Financial Group Inc. owned about 0.38% of J&J Snack Foods worth $12,667,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Arizona State Retirement System boosted its stake in J&J Snack Foods by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 4,341 shares of the company’s stock valued at $705,000 after purchasing an additional 83 shares during the period. Creative Planning grew its stake in shares of J&J Snack Foods by 1.9% in the third quarter. Creative Planning now owns 4,683 shares of the company’s stock worth $806,000 after acquiring an additional 86 shares during the last quarter. GAMMA Investing LLC increased its position in J&J Snack Foods by 24.0% during the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after acquiring an additional 88 shares during the period. Louisiana State Employees Retirement System boosted its holdings in J&J Snack Foods by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock valued at $1,266,000 after purchasing an additional 100 shares during the period. Finally, Blair William & Co. IL grew its position in J&J Snack Foods by 2.4% in the 2nd quarter. Blair William & Co. IL now owns 8,103 shares of the company’s stock worth $1,316,000 after purchasing an additional 190 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction dated Saturday, August 31st. The shares were 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 22.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research note on Friday.

J&J Snack Foods Stock Performance

JJSF opened at $161.77 on Friday. The stock’s 50 day simple moving average is $168.39 and its 200-day simple moving average is $166.10. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.14 billion, a PE ratio of 36.35 and a beta of 0.63. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $180.80.

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.