J&J Snack Foods (NASDAQ:JJSF) PT Raised to $195.00

J&J Snack Foods (NASDAQ:JJSFFree Report) had its price objective raised by Benchmark from $190.00 to $195.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. StockNews.com began coverage on J&J Snack Foods in a report on Thursday, October 5th. They set a hold rating on the stock. TheStreet raised J&J Snack Foods from a c+ rating to a b rating in a research note on Monday, July 31st.

View Our Latest Analysis on JJSF

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $169.57 on Friday. The stock’s 50-day moving average is $160.74 and its 200-day moving average is $160.54. J&J Snack Foods has a 1-year low of $133.27 and a 1-year high of $177.71. The company has a current ratio of 2.50, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.27 billion, a P/E ratio of 41.56 and a beta of 0.58.

J&J Snack Foods (NASDAQ:JJSFGet Free Report) last posted its earnings results on Thursday, November 16th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.04. The firm had revenue of $443.90 million for the quarter, compared to analyst estimates of $421.06 million. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. Equities research analysts anticipate that J&J Snack Foods will post 5.63 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $2.94 annualized dividend and a yield of 1.73%. J&J Snack Foods’s payout ratio is 72.06%.

Institutional Trading of J&J Snack Foods

A number of large investors have recently bought and sold shares of JJSF. Arizona State Retirement System grew its position in shares of J&J Snack Foods by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 4,385 shares of the company’s stock worth $718,000 after buying an additional 64 shares during the period. Royal Bank of Canada grew its holdings in J&J Snack Foods by 1.2% in the second quarter. Royal Bank of Canada now owns 7,290 shares of the company’s stock worth $1,154,000 after purchasing an additional 86 shares during the period. Evergreen Capital Management LLC increased its stake in J&J Snack Foods by 6.7% in the third quarter. Evergreen Capital Management LLC now owns 1,450 shares of the company’s stock valued at $238,000 after purchasing an additional 91 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of J&J Snack Foods by 4.3% during the second quarter. Captrust Financial Advisors now owns 2,191 shares of the company’s stock valued at $307,000 after purchasing an additional 91 shares during the period. Finally, FMR LLC boosted its position in shares of J&J Snack Foods by 15.6% during the 2nd quarter. FMR LLC now owns 717 shares of the company’s stock worth $100,000 after purchasing an additional 97 shares in the last quarter. 76.07% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Company Profile

(Get Free Report)

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, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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