J & J Snack Foods (NASDAQ:JJSF) Stock Rating Lowered by Zacks Research

J & J Snack Foods (NASDAQ:JJSF) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

Several other equities research analysts have also weighed in on JJSF. Jefferies Financial Group upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and increased their target price for the stock from $81.00 to $101.00 in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.50.

J & J Snack Foods Stock Performance

Shares of JJSF stock opened at $91.01 on Tuesday. The stock has a market cap of $1.71 billion, a PE ratio of 35.00 and a beta of 0.41. The stock has a 50-day moving average of $82.04 and a 200-day moving average of $81.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. J & J Snack Foods has a one year low of $68.87 and a one year high of $98.63.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.26. The business had revenue of $425.96 million for the quarter, compared to analyst estimates of $427.65 million. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. J & J Snack Foods’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. As a group, sell-side analysts expect that J & J Snack Foods will post 3.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in J & J Snack Foods in the 2nd quarter valued at $175,914,000. Dimensional Fund Advisors LP increased its holdings in J & J Snack Foods by 14.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 624,021 shares of the company’s stock worth $49,468,000 after purchasing an additional 79,093 shares in the last quarter. Bank of America Corp DE bought a new position in J & J Snack Foods during the 2nd quarter worth about $16,080,000. Bank of New York Mellon Corp acquired a new stake in shares of J & J Snack Foods in the 2nd quarter valued at about $13,115,000. Finally, ProShare Advisors LLC raised its stake in shares of J & J Snack Foods by 48.2% in the 3rd quarter. ProShare Advisors LLC now owns 129,228 shares of the company’s stock valued at $9,879,000 after purchasing an additional 42,055 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures and distributes snack foods and frozen beverages for retail and foodservice customers. Its products include soft pretzels, churros, funnel cakes, cookies, baked goods, frozen novelties and frozen juice treats, as well as frozen carbonated beverages and related dispensing products.

The company markets products under brands including SuperPretzel, ICEE, Dippin’ Dots, LUIGI’S, MAMMA BELLA’S and MINUTE MAID frozen novelties, along with products sold under customer and private-label brands.