J&J Snack Foods Corp. (JJSF) Receives Buy Rating from DA Davidson
J&J Snack Foods Corp. (NASDAQ:JJSF)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a report issued on Wednesday. They currently have a $135.00 target price on the stock. DA Davidson’s price objective points to a potential upside of 14.40% from the company’s previous close.
JJSF has been the subject of several other reports. KeyCorp initiated coverage on shares of J&J Snack Foods Corp. in a research note on Monday, August 22nd. They issued a “sector weight” rating for the company. Zacks Investment Research cut shares of J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Jefferies Group boosted their target price on shares of J&J Snack Foods Corp. from $108.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th.
J&J Snack Foods Corp. (NASDAQ:JJSF) traded down 1.22% during midday trading on Wednesday, reaching $118.01. 92,769 shares of the company traded hands. J&J Snack Foods Corp. has a one year low of $97.73 and a one year high of $125.62. The company has a 50 day moving average price of $120.37 and a 200-day moving average price of $113.22. The stock has a market capitalization of $2.20 billion, a P/E ratio of 29.50 and a beta of 0.64.
J&J Snack Foods Corp. (NASDAQ:JJSF) last posted its earnings results on Monday, July 25th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.06. J&J Snack Foods Corp. had a net margin of 7.54% and a return on equity of 12.31%. The firm earned $278 million during the quarter, compared to analysts’ expectations of $284.82 million. During the same period in the previous year, the business posted $1.30 EPS. The business’s revenue was down .3% compared to the same quarter last year. Analysts forecast that J&J Snack Foods Corp. will post $4.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, September 13th. J&J Snack Foods Corp.’s payout ratio is presently 39.20%.
In other news, insider Dennis G. Moore sold 7,500 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $122.46, for a total transaction of $918,450.00. Following the completion of the sale, the insider now owns 75,501 shares of the company’s stock, valued at $9,245,852.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gerard Garfield Law sold 1,724 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $121.46, for a total transaction of $209,397.04. Following the sale, the insider now directly owns 21,906 shares of the company’s stock, valued at approximately $2,660,702.76. The disclosure for this sale can be found here. 21.00% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in JJSF. Champlain Investment Partners LLC acquired a new stake in J&J Snack Foods Corp. during the second quarter worth about $22,504,000. Emerald Acquisition Ltd. acquired a new stake in J&J Snack Foods Corp. during the second quarter worth about $16,248,000. RidgeWorth Capital Management LLC acquired a new stake in J&J Snack Foods Corp. during the second quarter worth about $12,946,000. Fiera Capital Corp acquired a new stake in J&J Snack Foods Corp. during the second quarter worth about $9,393,000. Finally, Aberdeen Asset Management PLC UK raised its stake in J&J Snack Foods Corp. by 62.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 203,341 shares of the company’s stock worth $24,252,000 after buying an additional 78,220 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
About J&J Snack Foods Corp.
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
Receive News & Stock Ratings for J&J Snack Foods Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J&J Snack Foods Corp. and related stocks with our FREE daily email newsletter.