J&J Snack Foods (NASDAQ:JJSF) Earns “Buy” Rating from Benchmark

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating restated by analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They currently have a $200.00 price target on the stock. Benchmark’s price target would indicate a potential upside of 67.28% from the company’s current price.

J&J Snack Foods Price Performance

JJSF stock traded down $13.14 on Tuesday, hitting $119.56. 63,810 shares of the company were exchanged, compared to its average volume of 134,347. J&J Snack Foods has a twelve month low of $116.60 and a twelve month high of $180.80. The business’s fifty day moving average is $154.79 and its two-hundred day moving average is $163.68. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 26.77 and a beta of 0.64.

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

Institutional Trading of J&J Snack Foods

Institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans increased its stake in J&J Snack Foods by 19.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock valued at $110,612,000 after buying an additional 106,817 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of J&J Snack Foods by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock worth $278,899,000 after purchasing an additional 57,887 shares during the last quarter. Barclays PLC grew its stake in shares of J&J Snack Foods by 434.0% in the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after purchasing an additional 24,435 shares during the last quarter. State Street Corp grew its stake in shares of J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after purchasing an additional 17,062 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of J&J Snack Foods by 5.8% in the 4th quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company’s stock worth $38,596,000 after purchasing an additional 13,653 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

About J&J Snack Foods

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.