J & J Snack Foods (NASDAQ:JJSF) Share Price Breaks Above Two Hundred Day Moving Average – Time to Sell?

Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $79.70 and traded as high as $81.97. J & J Snack Foods shares last traded at $78.95, with a volume of 283,619 shares trading hands.

Analyst Upgrades and Downgrades

JJSF has been the subject of several recent research reports. Zacks Research raised J & J Snack Foods from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, September 21st. Finally, Jefferies Financial Group raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and boosted their price objective for the company from $81.00 to $101.00 in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.50.

J & J Snack Foods Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. The firm has a market capitalization of $1.48 billion, a PE ratio of 30.29 and a beta of 0.40. The company has a 50-day moving average price of $83.22 and a 200-day moving average price of $79.69.

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, topping analysts’ consensus estimates of $1.70 by $0.26. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%. The firm had revenue of $425.96 million during the quarter, compared to analysts’ expectations of $427.65 million. During the same quarter last year, the business posted $2.00 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts forecast that J & J Snack Foods Corp. will post 3.87 EPS 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. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. J & J Snack Foods’s payout ratio is 123.08%.

Hedge Funds Weigh In On J & J Snack Foods

A number of institutional investors have recently modified their holdings of JJSF. BlackRock Inc. acquired a new stake in J & J Snack Foods during the second quarter worth approximately $175,914,000. Dimensional Fund Advisors LP grew its stake in J & J Snack Foods by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 624,021 shares of the company’s stock worth $49,468,000 after acquiring an additional 79,093 shares during the period. Bank of America Corp DE purchased a new stake in J & J Snack Foods in the 2nd quarter worth approximately $16,080,000. Bank of New York Mellon Corp acquired a new position in J & J Snack Foods in the 2nd quarter valued at $13,115,000. Finally, Sei Investments Co. raised its holdings in J & J Snack Foods by 25.7% in the 1st quarter. Sei Investments Co. now owns 122,577 shares of the company’s stock valued at $9,717,000 after acquiring an additional 25,038 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

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.