Brokerages Set J & J Snack Foods Corp (NASDAQ:JJSF) PT at $138.50

J & J Snack Foods Corp (NASDAQ:JJSF) has earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $138.50.

Several equities analysts have weighed in on the company. Zacks Investment Research cut J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group reaffirmed a “hold” rating and set a $137.00 target price on shares of J & J Snack Foods in a research note on Thursday, April 30th. CL King raised J & J Snack Foods from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Tuesday, May 12th. BidaskClub cut J & J Snack Foods from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, ValuEngine raised J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Monday, July 20th.

In related news, SVP Gerard Garfield Law sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $127.47, for a total value of $1,274,700.00. Following the completion of the sale, the senior vice president now owns 11,002 shares of the company’s stock, valued at approximately $1,402,424.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 21.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of J & J Snack Foods in the 1st quarter valued at approximately $460,000. Cubist Systematic Strategies LLC lifted its holdings in J & J Snack Foods by 166.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 8,336 shares of the company’s stock worth $1,536,000 after purchasing an additional 5,213 shares during the last quarter. Citigroup Inc. lifted its holdings in J & J Snack Foods by 6.6% in the 1st quarter. Citigroup Inc. now owns 8,001 shares of the company’s stock worth $968,000 after purchasing an additional 492 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in J & J Snack Foods by 47.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,363 shares of the company’s stock worth $770,000 after purchasing an additional 2,058 shares during the last quarter. Finally, State Street Corp lifted its holdings in J & J Snack Foods by 6.9% in the 1st quarter. State Street Corp now owns 492,033 shares of the company’s stock worth $59,813,000 after purchasing an additional 31,769 shares during the last quarter. 74.79% of the stock is owned by institutional investors and hedge funds.

JJSF traded up $1.07 during trading on Tuesday, reaching $123.13. The company had a trading volume of 121,025 shares, compared to its average volume of 95,156. J & J Snack Foods has a 12-month low of $105.67 and a 12-month high of $196.84. The firm’s 50-day simple moving average is $125.89 and its 200 day simple moving average is $140.22. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 62.82 and a beta of 0.58.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, July 27th. The company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.29). J & J Snack Foods had a net margin of 3.49% and a return on equity of 5.16%. The business had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $186.07 million. During the same period last year, the firm earned $1.63 EPS. The company’s revenue was down 34.4% compared to the same quarter last year. Analysts anticipate that J & J Snack Foods will post 0.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 15th were paid a $0.575 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.30 annualized dividend and a dividend yield of 1.87%. J & J Snack Foods’s payout ratio is 46.46%.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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