J&J Snack Foods (NASDAQ:JJSF) Given “Buy” Rating at Benchmark

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

J&J Snack Foods Trading Down 2.8 %

Shares of JJSF opened at $161.77 on Friday. The business’s 50 day moving average is $168.39 and its 200 day moving average is $166.31. The company has a market capitalization of $3.14 billion, a PE ratio of 36.35 and a beta of 0.63. J&J Snack Foods has a 12-month low of $133.23 and a 12-month high of $180.80.

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

Insider Buying and Selling at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On J&J Snack Foods

A number of institutional investors and hedge funds have recently modified their holdings of JJSF. Swiss National Bank boosted its holdings in shares of J&J Snack Foods by 0.7% in the 1st quarter. Swiss National Bank now owns 30,600 shares of the company’s stock worth $4,424,000 after purchasing an additional 200 shares during the period. Sei Investments Co. boosted 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 worth $11,912,000 after purchasing an additional 13,382 shares during the period. Blair William & Co. IL boosted its holdings in shares of J&J Snack Foods by 17.5% in the 1st quarter. Blair William & Co. IL now owns 7,913 shares of the company’s stock worth $1,144,000 after purchasing an additional 1,178 shares during the period. Nicolet Advisory Services LLC purchased a new position in shares of J&J Snack Foods in the 1st quarter worth approximately $220,000. Finally, Vanguard Group Inc. boosted its holdings in shares of J&J Snack Foods by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares during the period. 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.