Recent Research Analysts’ Ratings Changes for J & J Snack Foods (JJSF)

A number of firms have modified their ratings and price targets on shares of J & J Snack Foods (NASDAQ: JJSF) recently:

  • 9/8/2018 – J & J Snack Foods was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/6/2018 – J & J Snack Foods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “J&J Snack Foods Corporation is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. Manufactured and distributed nationwide, their principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, MINUTE MAID frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, TIO PEPE’S, CALIFORNIA CHURROS and OREO Churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several bakery brands within COUNTRY HOME BAKERS and HILL & VALLEY. “
  • 8/29/2018 – J & J Snack Foods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “J&J Snack Foods Corporation is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. Manufactured and distributed nationwide, their principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, MINUTE MAID frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, TIO PEPE’S, CALIFORNIA CHURROS and OREO Churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several bakery brands within COUNTRY HOME BAKERS and HILL & VALLEY. “
  • 8/28/2018 – J & J Snack Foods was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/3/2018 – J & J Snack Foods was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2018 – J & J Snack Foods was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “J&J Snack Foods Corporation is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. Manufactured and distributed nationwide, their principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, MINUTE MAID frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, TIO PEPE’S, CALIFORNIA CHURROS and OREO Churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several bakery brands within COUNTRY HOME BAKERS and HILL & VALLEY. “
  • 7/26/2018 – J & J Snack Foods was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

NASDAQ JJSF opened at $148.23 on Tuesday. The firm has a market cap of $2.77 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 3.24 and a beta of 0.55. J & J Snack Foods Corp has a 1 year low of $124.49 and a 1 year high of $159.05.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.12). The business had revenue of $306.20 million for the quarter, compared to analyst estimates of $312.55 million. J & J Snack Foods had a net margin of 9.06% and a return on equity of 11.36%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. equities analysts anticipate that J & J Snack Foods Corp will post 4.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Friday, September 14th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. J & J Snack Foods’s dividend payout ratio is presently 42.76%.

In other J & J Snack Foods news, SVP Dennis G. Moore sold 5,250 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total value of $761,985.00. Following the completion of the transaction, the senior vice president now owns 80,877 shares in the company, valued at $11,738,487.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 21.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Comerica Bank raised its position in shares of J & J Snack Foods by 2.3% in the second quarter. Comerica Bank now owns 16,251 shares of the company’s stock worth $2,547,000 after acquiring an additional 368 shares during the period. Rhumbline Advisers increased its stake in shares of J & J Snack Foods by 0.9% during the second quarter. Rhumbline Advisers now owns 41,383 shares of the company’s stock worth $6,310,000 after purchasing an additional 376 shares in the last quarter. Bahl & Gaynor Inc. increased its stake in shares of J & J Snack Foods by 3.4% during the first quarter. Bahl & Gaynor Inc. now owns 11,905 shares of the company’s stock worth $1,626,000 after purchasing an additional 395 shares in the last quarter. Strs Ohio increased its stake in shares of J & J Snack Foods by 4.8% during the second quarter. Strs Ohio now owns 8,800 shares of the company’s stock worth $1,341,000 after purchasing an additional 400 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of J & J Snack Foods by 15.9% during the second quarter. Victory Capital Management Inc. now owns 3,133 shares of the company’s stock worth $478,000 after purchasing an additional 430 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

J&J Snack Foods Corp. manufactures nutritional snack foods and distributes frozen beverages to the food service and retail supermarket industries. It operates through the following segment: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment engages soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.

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