Zacks Investment Research upgraded shares of J & J Snack Foods Corp. (NASDAQ:JJSF) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $148.00 price target on the stock.
According to Zacks, “J & J Snack Foods Corp. manufactures nutritional snack foods which it markets nationally to the food service and retail supermarket industries. Its principal snack food products are soft pretzels marketed principally under the brand name SUPERPRETZEL. The Company also markets frozen beverages to the food service industry under the brand names ICEE and ARCTIC BLAST in the United States, Mexico and Canada. Other snack products include Italian ice and frozen juice treats and desserts, churros (a Hispanic pastry), funnel cake, popcorn and bakery products. “
Separately, DA Davidson reissued a buy rating and set a $135.00 target price on shares of J & J Snack Foods Corp. in a research report on Wednesday, October 5th.
J & J Snack Foods Corp. (NASDAQ:JJSF) traded up 0.71% during mid-day trading on Tuesday, reaching $130.50. 36,118 shares of the company’s stock were exchanged. J & J Snack Foods Corp. has a 52 week low of $97.73 and a 52 week high of $135.04. The company’s 50 day moving average price is $129.16 and its 200-day moving average price is $121.91. The company has a market capitalization of $2.44 billion, a P/E ratio of 32.22 and a beta of 0.63.
J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its earnings results on Thursday, November 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by $0.14. The business had revenue of $262.24 million for the quarter, compared to analyst estimates of $265.65 million. J & J Snack Foods Corp. had a return on equity of 12.25% and a net margin of 7.60%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. On average, equities research analysts expect that J & J Snack Foods Corp. will post $4.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Wednesday, December 21st will be paid a dividend of $0.42 per share. This is a boost from J & J Snack Foods Corp.’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 19th. J & J Snack Foods Corp.’s dividend payout ratio is 41.69%.
Several institutional investors have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC raised its stake in J & J Snack Foods Corp. by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 1,143 shares of the company’s stock valued at $136,000 after buying an additional 3 shares in the last quarter. Victory Capital Management Inc. raised its stake in J & J Snack Foods Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,214 shares of the company’s stock valued at $145,000 after buying an additional 529 shares in the last quarter. Invictus RG purchased a new stake in J & J Snack Foods Corp. during the second quarter valued at about $147,000. BlackRock Inc. raised its stake in J & J Snack Foods Corp. by 65.8% in the second quarter. BlackRock Inc. now owns 1,605 shares of the company’s stock valued at $191,000 after buying an additional 637 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in J & J Snack Foods Corp. during the second quarter valued at about $210,000. Institutional investors own 68.39% of the company’s stock.
J & J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
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