J&J Snack Foods (NASDAQ:JJSF) Rating Reiterated by Benchmark

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating restated by Benchmark in a report released on Tuesday, Benzinga reports. They currently have a $195.00 price objective on the stock. Benchmark’s price objective indicates a potential upside of 18.69% from the stock’s current price.

J&J Snack Foods Trading Up 2.4 %

Shares of NASDAQ JJSF opened at $164.29 on Tuesday. J&J Snack Foods has a fifty-two week low of $133.23 and a fifty-two week high of $177.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.40. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 39.97 and a beta of 0.54. The business’s 50 day moving average price is $140.95 and its 200-day moving average price is $153.58.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, May 6th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.21. J&J Snack Foods had a return on equity of 9.98% and a net margin of 5.11%. The business had revenue of $359.73 million for the quarter, compared to analyst estimates of $341.08 million. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that J&J Snack Foods will post 5.06 earnings per share for the current year.

Insider Activity

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $147.73, for a total transaction of $92,331.25. Following the transaction, the director now directly owns 69,459 shares of the company’s stock, valued at $10,261,178.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 22.20% of the company’s stock.

Institutional Trading of J&J Snack Foods

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in J&J Snack Foods by 17.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,508 shares of the company’s stock valued at $574,000 after acquiring an additional 518 shares during the last quarter. Strs Ohio acquired a new stake in shares of J&J Snack Foods in the 3rd quarter worth $981,000. Allspring Global Investments Holdings LLC boosted its position in shares of J&J Snack Foods by 0.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,389,507 shares of the company’s stock worth $227,393,000 after purchasing an additional 9,205 shares in the last quarter. Teacher Retirement System of Texas increased its position in J&J Snack Foods by 357.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 6,181 shares of the company’s stock valued at $1,012,000 after buying an additional 4,829 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in J&J Snack Foods by 6.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,638 shares of the company’s stock valued at $268,000 after buying an additional 100 shares in the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.

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.