J&J Snack Foods Corp. (JJSF) Given Consensus Rating of “Buy” by Brokerages
J&J Snack Foods Corp. (NASDAQ:JJSF) has been given an average broker rating score of 2.00 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. J&J Snack Foods Corp.’s rating score has improved by 14.2% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 1 year consensus price target of $125.00 for the company and are anticipating that the company will post $0.64 EPS for the current quarter, according to Zacks. Zacks has also assigned J&J Snack Foods Corp. an industry rank of 194 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently weighed in on JJSF shares. KeyCorp started coverage on J&J Snack Foods Corp. in a research note on Monday, August 22nd. They set a “sector weight” rating on the stock. Zacks Investment Research lowered J&J Snack Foods Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. Finally, DA Davidson restated a “buy” rating and set a $135.00 price target on shares of J&J Snack Foods Corp. in a research note on Wednesday, October 5th.
Several large investors have recently added to or reduced their stakes in JJSF. Bruderman Asset Management LLC increased its stake in J&J Snack Foods Corp. by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 1,143 shares of the company’s stock worth $136,000 after buying an additional 3 shares during the period. Profund Advisors LLC increased its stake in J&J Snack Foods Corp. by 0.9% in the second quarter. Profund Advisors LLC now owns 2,743 shares of the company’s stock worth $327,000 after buying an additional 25 shares during the period. American International Group Inc. increased its stake in J&J Snack Foods Corp. by 0.3% in the third quarter. American International Group Inc. now owns 11,154 shares of the company’s stock worth $1,329,000 after buying an additional 29 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in J&J Snack Foods Corp. by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,260 shares of the company’s stock worth $388,000 after buying an additional 50 shares during the period. Finally, Benedict Financial Advisors Inc. increased its stake in J&J Snack Foods Corp. by 2.4% in the second quarter. Benedict Financial Advisors Inc. now owns 2,425 shares of the company’s stock worth $285,000 after buying an additional 56 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.
J&J Snack Foods Corp. (NASDAQ:JJSF) traded down 0.29% during midday trading on Tuesday, reaching $124.62. 25,428 shares of the company traded hands. J&J Snack Foods Corp. has a 1-year low of $97.73 and a 1-year high of $126.50. The firm has a 50-day moving average of $119.96 and a 200-day moving average of $117.40. The stock has a market capitalization of $2.33 billion, a P/E ratio of 30.77 and a beta of 0.63.
J&J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by $0.14. J&J Snack Foods Corp. had a return on equity of 12.25% and a net margin of 7.60%. The business had revenue of $262.24 million for the quarter, compared to analysts’ expectations of $265.65 million. During the same quarter in the previous year, the firm posted $1.05 EPS. J&J Snack Foods Corp.’s revenue was up .9% on a year-over-year basis. On average, analysts predict that J&J Snack Foods Corp. will post $4.23 earnings per share for the current year.
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J&J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
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