J & J Snack Foods (JJSF) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a hold rating to a buy rating in a research report report published on Thursday morning.

Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of J & J Snack Foods from a hold rating to a buy rating in a research note on Tuesday, June 26th. Zacks Investment Research upgraded shares of J & J Snack Foods from a sell rating to a hold rating in a research report on Wednesday, June 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $145.50.

Shares of NASDAQ JJSF traded up $1.46 during midday trading on Thursday, hitting $152.16. The stock had a trading volume of 123 shares, compared to its average volume of 68,118. The company has a market cap of $2.80 billion, a PE ratio of 35.88, a P/E/G ratio of 3.01 and a beta of 0.53. J & J Snack Foods has a 52 week low of $125.98 and a 52 week high of $159.05.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Friday, September 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. J & J Snack Foods’s dividend payout ratio (DPR) is 42.76%.

In related news, SVP Dennis G. Moore sold 5,250 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the transaction, the senior vice president now owns 80,877 shares in the company, valued at $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 corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its position in J & J Snack Foods by 2.3% during the second quarter. Comerica Bank now owns 16,251 shares of the company’s stock valued at $2,547,000 after purchasing an additional 368 shares during the period. Rhumbline Advisers increased its holdings in J & J Snack Foods by 0.9% during the second quarter. Rhumbline Advisers now owns 41,383 shares of the company’s stock valued at $6,310,000 after buying an additional 376 shares during the last quarter. Strs Ohio increased its holdings in J & J Snack Foods by 4.8% during the second quarter. Strs Ohio now owns 8,800 shares of the company’s stock valued at $1,341,000 after buying an additional 400 shares during the last quarter. RK Asset Management LLC increased its holdings in J & J Snack Foods by 1.0% during the third quarter. RK Asset Management LLC now owns 40,330 shares of the company’s stock valued at $6,085,000 after buying an additional 405 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in J & J Snack Foods by 15.9% during the second quarter. Victory Capital Management Inc. now owns 3,133 shares of the company’s stock valued at $478,000 after buying an additional 430 shares during the last quarter. Institutional investors own 69.70% of the company’s stock.

J & J Snack Foods Company Profile

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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