Benchmark Reaffirms “Buy” Rating for J&J Snack Foods (NASDAQ:JJSF)

Benchmark reaffirmed their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a research note released on Tuesday,Benzinga reports. They currently have a $200.00 price target on the stock.

J&J Snack Foods Stock Up 1.4 %

JJSF stock opened at $123.87 on Tuesday. The company has a fifty day simple moving average of $151.88 and a two-hundred day simple moving average of $162.78. J&J Snack Foods has a 52 week low of $116.60 and a 52 week high of $180.80. The firm has a market capitalization of $2.41 billion, a P/E ratio of 27.84 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. As a group, analysts anticipate that J&J Snack Foods will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were given a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.52%. J&J Snack Foods’s dividend payout ratio is presently 70.11%.

Institutional Investors Weigh In On J&J Snack Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of J&J Snack Foods by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock worth $259,000 after purchasing an additional 61 shares during the period. Creative Planning boosted its position in shares of J&J Snack Foods by 1.9% during the third quarter. Creative Planning now owns 4,683 shares of the company’s stock valued at $806,000 after buying an additional 86 shares during the period. GAMMA Investing LLC grew its stake in shares of J&J Snack Foods by 24.0% during the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after buying an additional 88 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of J&J Snack Foods by 0.7% in the third quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock worth $2,428,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after acquiring an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Company Profile

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, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.