J&J Snack Foods (NASDAQ:JJSF) Earns “Buy” Rating from Benchmark

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a research report issued on Tuesday,Benzinga reports. They presently have a $200.00 price objective on the stock. Benchmark’s price target points to a potential upside of 67.28% from the company’s previous close.

J&J Snack Foods Stock Performance

Shares of NASDAQ JJSF traded down $13.14 during midday trading on Tuesday, reaching $119.56. 63,810 shares of the stock were exchanged, compared to its average volume of 134,347. J&J Snack Foods has a twelve month low of $116.60 and a twelve month high of $180.80. The company has a 50 day simple moving average of $154.79 and a 200 day simple moving average of $163.68. The stock has a market capitalization of $2.33 billion, a P/E ratio of 26.77 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. On average, research analysts expect that J&J Snack Foods will post 5.49 earnings per share for the current year.

Institutional Trading of J&J Snack Foods

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in shares of J&J Snack Foods by 40.1% in the third quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock valued at $5,497,000 after acquiring an additional 9,134 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in J&J Snack Foods by 3.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock worth $278,899,000 after buying an additional 57,887 shares in the last quarter. Millennium Management LLC boosted its holdings in J&J Snack Foods by 128.7% during the second quarter. Millennium Management LLC now owns 21,678 shares of the company’s stock worth $3,520,000 after buying an additional 12,198 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in J&J Snack Foods by 19.9% during the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after buying an additional 106,817 shares in the last quarter. Finally, State Street Corp boosted its holdings in J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company’s stock worth $104,140,000 after buying an additional 17,062 shares in the last quarter. Hedge funds and other institutional investors own 76.04% 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, 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.