Vise Technologies Inc. Acquires New Position in J & J Snack Foods Corp. $JJSF

Vise Technologies Inc. bought a new position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,367 shares of the company’s stock, valued at approximately $382,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of J & J Snack Foods by 243.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock worth $48,000 after buying an additional 302 shares during the last quarter. AlphaQuest LLC acquired a new stake in J & J Snack Foods during the second quarter worth $59,000. Parallel Advisors LLC increased its stake in J & J Snack Foods by 198.9% during the second quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock worth $60,000 after acquiring an additional 352 shares during the last quarter. GAMMA Investing LLC raised its position in J & J Snack Foods by 94.4% in the second quarter. GAMMA Investing LLC now owns 700 shares of the company’s stock valued at $79,000 after purchasing an additional 340 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of J & J Snack Foods by 31.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock valued at $81,000 after purchasing an additional 145 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JJSF. Weiss Ratings reissued a “hold (c-)” rating on shares of J & J Snack Foods in a research report on Thursday. Wall Street Zen upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Zacks Research raised shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.50.

J & J Snack Foods Stock Up 0.6%

Shares of JJSF opened at $83.09 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of 19.37 and a beta of 0.39. J & J Snack Foods Corp. has a fifty-two week low of $80.67 and a fifty-two week high of $176.77. The firm’s 50 day moving average price is $93.79 and its 200 day moving average price is $107.65.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.