Benchmark Reiterates Buy Rating for J&J Snack Foods (NASDAQ:JJSF)

Benchmark reiterated their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a research note released on Friday,Benzinga reports. The brokerage currently has a $200.00 target price on the stock.

J&J Snack Foods Trading Up 2.2 %

Shares of NASDAQ:JJSF opened at $165.38 on Friday. The firm has a 50 day simple moving average of $168.41 and a 200-day simple moving average of $166.50. J&J Snack Foods has a twelve month low of $133.23 and a twelve month high of $180.80. The company has a market capitalization of $3.21 billion, a PE ratio of 37.16 and a beta of 0.63.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The company had revenue of $426.76 million for the quarter, compared to analyst estimates of $428.33 million. During the same quarter in the prior year, the business earned $1.73 earnings per share. J&J Snack Foods’s revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts predict that J&J Snack Foods will post 6.05 EPS for the current fiscal year.

Insider Activity at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.20% of the stock is owned by insiders.

Institutional Trading of J&J Snack Foods

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank lifted its position 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 purchasing an additional 200 shares during the period. Sei Investments Co. lifted its holdings in shares of J&J Snack Foods by 19.4% in the 1st quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock valued at $11,912,000 after buying an additional 13,382 shares during the period. Blair William & Co. IL boosted its stake in shares of J&J Snack Foods by 17.5% in the first quarter. Blair William & Co. IL now owns 7,913 shares of the company’s stock valued at $1,144,000 after buying an additional 1,178 shares in the last quarter. Nicolet Advisory Services LLC acquired a new position in J&J Snack Foods during the first quarter worth $220,000. Finally, Vanguard Group Inc. raised its position in J&J Snack Foods by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after acquiring an additional 71,378 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

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.