J & J Snack Foods (NASDAQ:JJSF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

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. “

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. ValuEngine raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $145.50.

Shares of NASDAQ:JJSF opened at $142.19 on Wednesday. J & J Snack Foods has a one year low of $124.49 and a one year high of $159.05. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 3.13 and a beta of 0.58.

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

In other J & J Snack Foods news, SVP Dennis G. Moore sold 5,250 shares of the firm’s stock in a transaction on 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 directly owns 80,877 shares of the company’s stock, valued at approximately $11,738,487.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 21.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of J & J Snack Foods by 2.3% during the 2nd 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 last quarter. Rhumbline Advisers lifted its holdings in shares of J & J Snack Foods by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 41,383 shares of the company’s stock worth $6,310,000 after acquiring an additional 376 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of J & J Snack Foods by 3.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,905 shares of the company’s stock worth $1,626,000 after acquiring an additional 395 shares during the last quarter. Strs Ohio lifted its holdings in shares of J & J Snack Foods by 4.8% during the 2nd quarter. Strs Ohio now owns 8,800 shares of the company’s stock worth $1,341,000 after acquiring an additional 400 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of J & J Snack Foods by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,133 shares of the company’s stock worth $478,000 after acquiring an additional 430 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

About J & J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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