Benchmark Trims J&J Snack Foods (NASDAQ:JJSF) Target Price to $200.00

J&J Snack Foods (NASDAQ:JJSF) had its price objective lowered by Benchmark from $205.00 to $200.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

J&J Snack Foods Stock Down 0.9 %

JJSF opened at $167.94 on Tuesday. J&J Snack Foods has a 52 week low of $133.23 and a 52 week high of $177.71. The business has a 50 day moving average price of $164.48 and a two-hundred day moving average price of $153.61. The company has a quick ratio of 1.33, a current ratio of 2.41 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.26 billion, a PE ratio of 37.82 and a beta of 0.61.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, May 6th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.63 by $0.21. The business had revenue of $359.73 million during the quarter, compared to analysts’ expectations of $341.08 million. J&J Snack Foods had a return on equity of 10.71% and a net margin of 5.45%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, research analysts anticipate that J&J Snack Foods will post 5.29 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th were issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Tuesday, June 18th. J&J Snack Foods’s dividend payout ratio is presently 66.22%.

Insider Transactions at J&J Snack Foods

In related news, VP Robert Cranmer sold 2,278 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $162.03, for a total value of $369,104.34. Following the sale, the vice president now directly owns 872 shares in the company, valued at $141,290.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 22.20% of the company’s stock.

Institutional Trading of J&J Snack Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in shares of J&J Snack Foods by 12,431.7% during the 3rd quarter. American Century Companies Inc. now owns 204,642 shares of the company’s stock valued at $33,490,000 after acquiring an additional 203,009 shares during the period. Vanguard Group Inc. raised its holdings in J&J Snack Foods by 0.6% during the third quarter. Vanguard Group Inc. now owns 1,548,424 shares of the company’s stock worth $253,400,000 after purchasing an additional 8,918 shares during the last quarter. D.B. Root & Company LLC boosted its position in J&J Snack Foods by 1.6% during the fourth quarter. D.B. Root & Company LLC now owns 7,734 shares of the company’s stock worth $1,293,000 after purchasing an additional 120 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in J&J Snack Foods by 4.9% in the fourth quarter. DAVENPORT & Co LLC now owns 194,357 shares of the company’s stock valued at $32,741,000 after purchasing an additional 9,094 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of J&J Snack Foods in the fourth quarter valued at $196,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

About J&J Snack Foods

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.