J&J Snack Foods’ (JJSF) “Buy” Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a research note published on Tuesday, Benzinga reports. They currently have a $195.00 price objective on the stock.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF opened at $160.47 on Tuesday. The stock has a fifty day moving average of $140.58 and a 200-day moving average of $153.51. The stock has a market cap of $3.11 billion, a PE ratio of 39.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.40. J&J Snack Foods has a fifty-two week low of $133.23 and a fifty-two week high of $177.71.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, May 6th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. J&J Snack Foods had a return on equity of 9.98% and a net margin of 5.11%. The business had revenue of $359.73 million during the quarter, compared to analyst estimates of $341.08 million. During the same quarter in the previous year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that J&J Snack Foods will post 5.06 earnings per share for the current year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.83%. J&J Snack Foods’s dividend payout ratio (DPR) is currently 71.53%.

Insider Buying and Selling

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $147.73, for a total transaction of $92,331.25. Following the completion of the transaction, the director now directly owns 69,459 shares in the company, valued at $10,261,178.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. 22.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On J&J Snack Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of JJSF. Operose Advisors LLC purchased a new position in J&J Snack Foods in the third quarter worth $28,000. Fidelis Capital Partners LLC purchased a new position in shares of J&J Snack Foods in the 1st quarter worth about $29,000. Headlands Technologies LLC bought a new position in shares of J&J Snack Foods during the 3rd quarter valued at about $32,000. YHB Investment Advisors Inc. purchased a new position in shares of J&J Snack Foods during the 1st quarter valued at about $44,000. Finally, Quantbot Technologies LP bought a new stake in J&J Snack Foods in the 3rd quarter worth approximately $69,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Company Profile

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.