CL King began coverage on shares of J & J Snack Foods (NASDAQ:JJSF) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.

Several other research analysts have also recently issued reports on JJSF. Zacks Investment Research raised J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group set a $125.00 price target on J & J Snack Foods and gave the stock a “hold” rating in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $135.00.

Shares of J & J Snack Foods (NASDAQ:JJSF) traded up $0.49 during trading hours on Tuesday, hitting $153.36. The company had a trading volume of 53,200 shares, compared to its average volume of 63,427. The stock has a market capitalization of $2,853.17, a PE ratio of 36.40 and a beta of 0.81. J & J Snack Foods has a one year low of $121.20 and a one year high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The company had revenue of $316.73 million for the quarter, compared to analysts’ expectations of $287.91 million. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. J & J Snack Foods’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. equities analysts predict that J & J Snack Foods will post 4.45 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of J & J Snack Foods by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the company’s stock valued at $466,000 after buying an additional 120 shares during the period. Sei Investments Co. raised its stake in shares of J & J Snack Foods by 18.6% in the second quarter. Sei Investments Co. now owns 25,448 shares of the company’s stock valued at $3,361,000 after buying an additional 3,996 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of J & J Snack Foods by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,644 shares of the company’s stock valued at $11,708,000 after buying an additional 5,433 shares during the period. SG Americas Securities LLC bought a new stake in shares of J & J Snack Foods in the second quarter valued at $709,000. Finally, Legal & General Group Plc raised its stake in shares of J & J Snack Foods by 9.4% in the second quarter. Legal & General Group Plc now owns 28,892 shares of the company’s stock valued at $3,818,000 after buying an additional 2,474 shares during the period. Institutional investors and hedge funds own 68.67% of the company’s stock.

TRADEMARK VIOLATION WARNING: “J & J Snack Foods (JJSF) Now Covered by Analysts at CL King” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/12/21/cl-king-initiates-coverage-on-j-j-snack-foods-jjsf.html.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

Receive News & Stock Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related stocks with our FREE daily email newsletter.