J&J Snack Foods (NASDAQ:JJSF) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of J&J Snack Foods (NASDAQ:JJSF – Get Rating) in a research note released on Thursday. The firm issued a sell rating on the stock.

A number of other brokerages have also weighed in on JJSF. CL King lifted their price objective on J&J Snack Foods from $165.00 to $180.00 in a research report on Wednesday, November 16th. TheStreet lowered J&J Snack Foods from a b rating to a c rating in a research report on Monday, January 30th. Finally, Benchmark reiterated a buy rating and issued a $175.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, January 31st.

J&J Snack Foods Trading Down 1.9 %

JJSF traded down $2.70 on Thursday, hitting $140.81. 285,467 shares of the company were exchanged, compared to its average volume of 67,572. The firm has a fifty day simple moving average of $144.56 and a two-hundred day simple moving average of $146.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.61 and a current ratio of 2.76. J&J Snack Foods has a 12 month low of $117.45 and a 12 month high of $165.90. The stock has a market capitalization of $2.71 billion, a PE ratio of 63.43 and a beta of 0.53.

J&J Snack Foods (NASDAQ:JJSF – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The business had revenue of $351.34 million during the quarter, compared to the consensus estimate of $360.70 million. J&J Snack Foods had a return on equity of 5.77% and a net margin of 3.03%. J&J Snack Foods’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Sell-side analysts expect that J&J Snack Foods will post 4.35 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Investors of record on Tuesday, March 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.99%. J&J Snack Foods’s dividend payout ratio is presently 126.13%.

Institutional Investors Weigh In On J&J Snack Foods

Several hedge funds have recently made changes to their positions in JJSF. Raymond James & Associates boosted its position in shares of J&J Snack Foods by 25.0% during the first quarter. Raymond James & Associates now owns 2,504 shares of the company’s stock valued at $388,000 after purchasing an additional 500 shares in the last quarter. Citigroup Inc. boosted its position in shares of J&J Snack Foods by 8.1% during the first quarter. Citigroup Inc. now owns 12,880 shares of the company’s stock valued at $1,997,000 after purchasing an additional 966 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in J&J Snack Foods by 6.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,886 shares of the company’s stock valued at $602,000 after buying an additional 241 shares during the last quarter. Bank of Montreal Can raised its stake in J&J Snack Foods by 2.8% during the first quarter. Bank of Montreal Can now owns 4,995 shares of the company’s stock valued at $781,000 after buying an additional 134 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in J&J Snack Foods by 52.5% during the first quarter. MetLife Investment Management LLC now owns 8,010 shares of the company’s stock valued at $1,242,000 after buying an additional 2,757 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors.

About J&J Snack Foods

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J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products, and baked goods.