J&J Snack Foods Corp. (NASDAQ:JJSF) gapped up before the market opened on Friday . The stock had previously closed at $121.17, but opened at $121.33. J&J Snack Foods Corp. shares last traded at $121.59, with a volume of 23,954 shares traded.

Separately, Zacks Investment Research downgraded shares of J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.

The stock has a 50 day moving average of $114.58 and a 200-day moving average of $108.30. The firm has a market capitalization of $2.26 billion and a P/E ratio of 31.31.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.39 per share. The ex-dividend date was Monday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 1.29%.

In other news, SVP Robert Joseph Pape sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $103.43, for a total transaction of $310,290.00. Following the completion of the transaction, the senior vice president now owns 15,186 shares in the company, valued at approximately $1,570,687.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Several hedge funds and institutional investors have recently made changes to their positions in JJSF. Morgan Stanley boosted its position in shares of J&J Snack Foods Corp. by 164.1% in the fourth quarter. Morgan Stanley now owns 8,605 shares of the company’s stock valued at $1,004,000 after buying an additional 5,347 shares during the last quarter. Sawtooth Asset Management Inc. boosted its position in shares of J&J Snack Foods Corp. by 6,806.7% in the fourth quarter. Sawtooth Asset Management Inc. now owns 9,255 shares of the company’s stock valued at $1,080,000 after buying an additional 9,121 shares during the last quarter. State of Tennessee Treasury Department purchased a new position in shares of J&J Snack Foods Corp. during the fourth quarter valued at approximately $1,353,000. Employees Retirement System of Texas purchased a new position in shares of J&J Snack Foods Corp. during the fourth quarter valued at approximately $1,517,000. Finally, Sei Investments Co. boosted its position in shares of J&J Snack Foods Corp. by 1.9% in the fourth quarter. Sei Investments Co. now owns 16,474 shares of the company’s stock valued at $1,922,000 after buying an additional 310 shares during the last quarter.

J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.

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