J & J Snack Foods (NASDAQ:JJSF) Stock Rating Lowered by Zacks Research

J & J Snack Foods (NASDAQ:JJSF) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

A number of other research analysts also recently weighed in on the stock. Jefferies Financial Group raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and raised their target price for the company from $81.00 to $101.00 in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, J & J Snack Foods currently has a consensus rating of “Hold” and a consensus price target of $110.50.

J & J Snack Foods Trading Up 4.6%

NASDAQ:JJSF opened at $91.01 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. J & J Snack Foods has a fifty-two week low of $68.87 and a fifty-two week high of $98.63. The business’s 50-day simple moving average is $82.04 and its 200-day simple moving average is $81.44. The stock has a market capitalization of $1.71 billion, a PE ratio of 35.00 and a beta of 0.41.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.26. The company had revenue of $425.96 million during the quarter, compared to analysts’ expectations of $427.65 million. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 earnings per share. Sell-side analysts expect that J & J Snack Foods will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of J & J Snack Foods

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in J & J Snack Foods during the second quarter worth $33,000. IFP Advisors Inc grew its position in J & J Snack Foods by 43.1% in the third quarter. IFP Advisors Inc now owns 455 shares of the company’s stock valued at $35,000 after acquiring an additional 137 shares during the last quarter. Heritage Family Offices LLP bought a new position in J & J Snack Foods in the third quarter valued at about $39,000. Meeder Asset Management Inc. bought a new position in J & J Snack Foods in the second quarter valued at about $39,000. Finally, Rockefeller Capital Management L.P. raised its stake in J & J Snack Foods by 562.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 570 shares of the company’s stock worth $52,000 after acquiring an additional 484 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures and distributes snack foods and frozen beverages for retail and foodservice customers. Its products include soft pretzels, churros, funnel cakes, cookies, baked goods, frozen novelties and frozen juice treats, as well as frozen carbonated beverages and related dispensing products.

The company markets products under brands including SuperPretzel, ICEE, Dippin’ Dots, LUIGI’S, MAMMA BELLA’S and MINUTE MAID frozen novelties, along with products sold under customer and private-label brands.