J&J Snack Foods (NASDAQ:JJSF) Given New $195.00 Price Target at Benchmark

J&J Snack Foods (NASDAQ:JJSF) had its price target raised by Benchmark from $190.00 to $195.00 in a report released on Friday, Benzinga reports. Benchmark currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. StockNews.com started coverage on J&J Snack Foods in a report on Thursday, October 5th. They issued a hold rating on the stock. TheStreet upgraded J&J Snack Foods from a c+ rating to a b rating in a research report on Monday, July 31st.

J&J Snack Foods Stock Up 1.8 %

Shares of NASDAQ JJSF opened at $169.57 on Friday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 41.56 and a beta of 0.58. J&J Snack Foods has a one year low of $133.27 and a one year high of $177.71. The firm’s 50 day simple moving average is $160.74 and its two-hundred day simple moving average is $160.54. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.50 and a quick ratio of 1.55.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Thursday, November 16th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.04. The company had revenue of $443.90 million during the quarter, compared to analysts’ expectations of $421.06 million. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. As a group, analysts expect that J&J Snack Foods will post 5.63 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, December 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 72.06%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JJSF. BlackRock Inc. lifted its holdings in J&J Snack Foods by 0.6% in the 2nd quarter. BlackRock Inc. now owns 2,319,930 shares of the company’s stock worth $367,384,000 after buying an additional 13,013 shares during the period. Vanguard Group Inc. boosted its holdings in J&J Snack Foods by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,558,636 shares of the company’s stock valued at $201,796,000 after acquiring an additional 28,390 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in J&J Snack Foods by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,389,507 shares of the company’s stock valued at $227,393,000 after purchasing an additional 9,205 shares during the period. Macquarie Group Ltd. raised its holdings in J&J Snack Foods by 1.1% in the 1st quarter. Macquarie Group Ltd. now owns 1,287,436 shares of the company’s stock worth $190,824,000 after purchasing an additional 14,175 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of J&J Snack Foods by 319.3% in the 4th quarter. Morgan Stanley now owns 761,978 shares of the company’s stock worth $114,076,000 after purchasing an additional 580,248 shares during the period. Hedge funds and other institutional investors own 76.07% of the company’s stock.

About J&J Snack Foods

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, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.