J & J Snack Foods (NASDAQ:JJSF) Stock Breaks Above 200 Day Moving Average – What’s Next?

J & J Snack Foods Corp. (NASDAQ:JJSF) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $79.79 and traded as high as $86.06. J & J Snack Foods shares last traded at $83.67, with a volume of 130,412 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on JJSF. Jefferies Financial Group upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and upped their price target for the company from $81.00 to $101.00 in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, September 21st. Finally, Zacks Research upgraded J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $110.50.

J & J Snack Foods Stock Down 1.4%

The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 32.18 and a beta of 0.40. The company has a current ratio of 2.34, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $82.45 and its 200-day moving average price is $79.79.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.26. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The company had revenue of $425.96 million for the quarter, compared to analyst estimates of $427.65 million. During the same period in the prior year, the firm posted $2.00 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts expect that J & J Snack Foods Corp. will post 3.87 earnings per share for the current year.

J & J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.8%. J & J Snack Foods’s dividend payout ratio is 123.08%.

Institutional Trading of J & J Snack Foods

A number of large investors have recently bought and sold shares of JJSF. Public Employees Retirement System of Ohio bought a new position in shares of J & J Snack Foods in the 2nd quarter worth about $33,000. IFP Advisors Inc boosted its position in shares of J & J Snack Foods by 43.1% during the 3rd quarter. IFP Advisors Inc now owns 455 shares of the company’s stock valued at $35,000 after purchasing an additional 137 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of J & J Snack Foods during the 2nd quarter valued at about $39,000. Rockefeller Capital Management L.P. boosted its position in shares of J & J Snack Foods by 562.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 570 shares of the company’s stock valued at $52,000 after purchasing an additional 484 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in J & J Snack Foods during the second quarter worth approximately $47,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

About J & J Snack Foods

J&J Snack Foods Corp. manufactures and distributes snack foods and frozen beverages for retail and foodservice customers. Its products include soft pretzels, churros, funnel cakes, cookies, baked goods, frozen novelties and frozen juice treats, as well as frozen carbonated beverages and related dispensing products.

The company markets products under brands including SuperPretzel, ICEE, Dippin’ Dots, LUIGI’S, MAMMA BELLA’S and MINUTE MAID frozen novelties, along with products sold under customer and private-label brands.