Zacks Investment Research downgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “J&J Snack Foods Corporation is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. Manufactured and distributed nationwide, their principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, MINUTE MAID frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, TIO PEPE’S, CALIFORNIA CHURROS and OREO Churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several bakery brands within COUNTRY HOME BAKERS and HILL & VALLEY. “

Separately, BidaskClub raised shares of Winmark from a sell rating to a hold rating in a research report on Tuesday, May 14th.

NASDAQ JJSF opened at $163.89 on Thursday. J & J Snack Foods has a 52 week low of $138.40 and a 52 week high of $167.50. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 35.86 and a beta of 0.40. The company’s 50-day simple moving average is $162.64.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, April 29th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. J & J Snack Foods had a net margin of 7.57% and a return on equity of 11.30%. The firm had revenue of $276.30 million during the quarter, compared to analyst estimates of $272.30 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that J & J Snack Foods will post 4.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, June 11th. J & J Snack Foods’s payout ratio is currently 49.26%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JJSF. PNC Financial Services Group Inc. increased its position in shares of J & J Snack Foods by 63.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 578 shares of the company’s stock valued at $84,000 after purchasing an additional 225 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of J & J Snack Foods by 2,348.4% during the 1st quarter. Quadrant Capital Group LLC now owns 759 shares of the company’s stock valued at $118,000 after purchasing an additional 728 shares during the last quarter. Advisor Group Inc. increased its position in shares of J & J Snack Foods by 15.1% during the 4th quarter. Advisor Group Inc. now owns 1,050 shares of the company’s stock valued at $152,000 after purchasing an additional 138 shares during the last quarter. Menta Capital LLC purchased a new stake in shares of J & J Snack Foods during the 4th quarter valued at about $236,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of J & J Snack Foods during the 1st quarter valued at about $290,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

About J & J Snack Foods

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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