J & J Snack Foods Corp. (NASDAQ:JJSF) has been assigned a $125.00 price objective by equities researchers at Jefferies Group LLC in a research note issued to investors on Sunday, October 29th. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s target price points to a potential downside of 13.21% from the company’s previous close.
A number of other analysts have also recently issued reports on JJSF. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.
J & J Snack Foods Corp. (NASDAQ:JJSF) traded down $0.39 during midday trading on Friday, reaching $144.03. The company’s stock had a trading volume of 69,057 shares, compared to its average volume of 63,247. The firm has a market capitalization of $2,660.00, a price-to-earnings ratio of 33.44 and a beta of 0.75. J & J Snack Foods Corp. has a one year low of $119.75 and a one year high of $145.83.
J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its earnings results on Thursday, November 9th. The company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. J & J Snack Foods Corp. had a return on equity of 11.91% and a net margin of 7.30%. The company had revenue of $316.73 million for the quarter, compared to the consensus estimate of $287.91 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. research analysts forecast that J & J Snack Foods Corp. will post 4.48 EPS for the current year.
J & J Snack Foods Corp. declared that its Board of Directors has initiated a share repurchase program on Friday, August 4th that allows the company to buyback 500,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
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Several hedge funds have recently modified their holdings of JJSF. California Public Employees Retirement System increased its stake in J & J Snack Foods Corp. by 7.2% in the 3rd quarter. California Public Employees Retirement System now owns 22,625 shares of the company’s stock valued at $2,971,000 after purchasing an additional 1,525 shares in the last quarter. Allianz Asset Management GmbH increased its stake in J & J Snack Foods Corp. by 568.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 15,845 shares of the company’s stock valued at $2,081,000 after purchasing an additional 13,475 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in J & J Snack Foods Corp. by 4.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 92,187 shares of the company’s stock valued at $12,105,000 after purchasing an additional 3,543 shares in the last quarter. WINTON GROUP Ltd purchased a new position in J & J Snack Foods Corp. in the 3rd quarter valued at approximately $5,883,000. Finally, Wells Fargo & Company MN grew its holdings in J & J Snack Foods Corp. by 20.9% during the 3rd quarter. Wells Fargo & Company MN now owns 36,443 shares of the company’s stock valued at $4,785,000 after buying an additional 6,311 shares during the last quarter. 67.48% of the stock is owned by institutional investors and hedge funds.
J & J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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