J & J Snack Foods (NASDAQ:JJSF) Upgraded at Zacks Research

Zacks Research upgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a strong sell rating to a hold rating in a report issued on Monday,Zacks reports.

JJSF has been the subject of several other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, September 21st. Jefferies Financial Group upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and boosted their target price for the stock from $81.00 to $101.00 in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.50.

J & J Snack Foods Stock Down 0.1%

JJSF opened at $79.33 on Monday. J & J Snack Foods has a one year low of $68.87 and a one year high of $98.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 2.34. The stock’s fifty day moving average is $83.61 and its 200-day moving average is $79.58. The company has a market capitalization of $1.49 billion, a PE ratio of 30.51 and a beta of 0.40.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.26. The business had revenue of $425.96 million during the quarter, compared to analysts’ expectations of $427.65 million. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $2.00 earnings per share. On average, equities analysts predict that J & J Snack Foods will post 3.98 EPS for the current fiscal year.

J & J Snack Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 15th. J & J Snack Foods’s payout ratio is presently 123.08%.

Institutional Investors Weigh In On J & J Snack Foods

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in J & J Snack Foods in the 2nd quarter worth about $33,000. Meeder Asset Management Inc. acquired a new stake in J & J Snack Foods during the 2nd quarter worth about $39,000. Allworth Financial LP purchased a new stake in J & J Snack Foods during the second quarter valued at about $47,000. Rockefeller Capital Management L.P. lifted its stake in J & J Snack Foods by 562.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 570 shares of the company’s stock valued at $52,000 after buying an additional 484 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of J & J Snack Foods by 52.7% in the first quarter. EverSource Wealth Advisors LLC now owns 661 shares of the company’s stock worth $52,000 after buying an additional 228 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. is a manufacturer and distributor of snack foods and beverages serving the foodservice and retail markets. The company produces soft pretzels, frozen and baked goods, churros, funnel cakes, dough products, frozen novelties, and frozen carbonated and non-carbonated beverages.

Its portfolio includes brands such as SUPERPRETZEL, ICEE, LUIGI’S Italian Ice, Dippin’ Dots, and various churro, pretzel, and concession-oriented product lines. These products are sold through venues including convenience stores, restaurants, schools, entertainment locations, supermarkets, and other institutional and retail channels.

Founded in 1971, J&J Snack Foods is based in Pennsauken, New Jersey.