Benchmark Reaffirms “Buy” Rating for J&J Snack Foods (NASDAQ:JJSF)

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

J&J Snack Foods Stock Performance

JJSF traded down $4.73 during trading on Friday, reaching $161.77. 157,774 shares of the company were exchanged, compared to its average volume of 86,848. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.14 billion, a P/E ratio of 36.35 and a beta of 0.63. J&J Snack Foods has a 52 week low of $133.23 and a 52 week high of $180.80. The firm has a 50 day moving average of $168.39 and a 200 day moving average of $165.90.

Insider Buying and Selling at J&J Snack Foods

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 22.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J&J Snack Foods

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in J&J Snack Foods by 603.8% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after buying an additional 314 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after acquiring an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of J&J Snack Foods during the second quarter valued at approximately $76,000. Covestor Ltd raised its holdings in J&J Snack Foods by 54,200.0% during the first quarter. Covestor Ltd now owns 543 shares of the company’s stock worth $78,000 after purchasing an additional 542 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in J&J Snack Foods in the second quarter worth approximately $114,000. 76.04% of the stock is currently owned by 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.