J&J Snack Foods (NASDAQ:JJSF) Upgraded at Wall Street Zen

J&J Snack Foods (NASDAQ:JJSF) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities analysts also recently commented on JJSF. Jefferies Financial Group cut their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Benchmark cut their target price on shares of J&J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th.

J&J Snack Foods Stock Up 2.0%

Shares of JJSF opened at $116.00 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of 26.73 and a beta of 0.44. The company’s fifty day moving average is $123.96 and its two-hundred day moving average is $137.54. J&J Snack Foods has a fifty-two week low of $111.11 and a fifty-two week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.34). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The business had revenue of $356.10 million during the quarter, compared to analysts’ expectations of $369.01 million. During the same period in the prior year, the business posted $0.84 EPS. The business’s revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts anticipate that J&J Snack Foods will post 4.75 earnings per share for the current year.

Institutional Investors Weigh In On J&J Snack Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JJSF. Norges Bank purchased a new stake in J&J Snack Foods during the 4th quarter worth $28,647,000. Westwood Holdings Group Inc. increased its stake in J&J Snack Foods by 21.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company’s stock worth $80,412,000 after buying an additional 106,459 shares during the period. GAMMA Investing LLC increased its stake in J&J Snack Foods by 7,763.8% during the 1st quarter. GAMMA Investing LLC now owns 47,419 shares of the company’s stock worth $6,246,000 after buying an additional 46,816 shares during the period. Nuveen LLC purchased a new stake in J&J Snack Foods during the 1st quarter worth $5,384,000. Finally, Millennium Management LLC increased its stake in J&J Snack Foods by 122.1% during the 1st quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock worth $9,566,000 after buying an additional 39,933 shares during the period. 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. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.