J&J Snack Foods (NASDAQ:JJSF) Receives Buy Rating from Benchmark

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $200.00 price objective on the stock. Benchmark’s target price suggests a potential upside of 63.73% from the stock’s current price.

J&J Snack Foods Trading Down 1.5 %

NASDAQ JJSF opened at $122.15 on Tuesday. The company has a fifty day simple moving average of $152.83 and a two-hundred day simple moving average of $163.06. J&J Snack Foods has a 12-month low of $116.60 and a 12-month high of $180.80. The stock has a market cap of $2.38 billion, a P/E ratio of 27.45 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. As a group, sell-side analysts forecast that J&J Snack Foods will post 5.49 earnings per share for the current year.

Hedge Funds Weigh In On J&J Snack Foods

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in J&J Snack Foods by 4.1% in the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock valued at $259,000 after acquiring an additional 61 shares during the period. Creative Planning increased its holdings in shares of J&J Snack Foods by 1.9% during the 3rd quarter. Creative Planning now owns 4,683 shares of the company’s stock valued at $806,000 after purchasing an additional 86 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of J&J Snack Foods by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after purchasing an additional 88 shares during the period. Martingale Asset Management L P boosted its holdings in J&J Snack Foods by 0.7% during the third quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock worth $2,428,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. grew its position in J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Company Profile

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, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.