Benchmark Reaffirms Buy Rating for J&J Snack Foods (NASDAQ:JJSF)

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating restated by research analysts at Benchmark in a report released on Friday,Benzinga reports. They currently have a $200.00 target price on the stock. Benchmark’s target price points to a potential upside of 25.79% from the company’s previous close.

J&J Snack Foods Trading Down 4.5 %

Shares of JJSF traded down $7.50 during mid-day trading on Friday, hitting $159.00. 17,823 shares of the company’s stock traded hands, compared to its average volume of 86,218. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.09 billion, a P/E ratio of 35.73 and a beta of 0.63. The business’s 50-day moving average price is $168.46 and its 200-day moving average price is $165.73. J&J Snack Foods has a 1 year low of $133.23 and a 1 year high of $180.80.

Insider Activity

In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.20% of the company’s stock.

Hedge Funds Weigh In On J&J Snack Foods

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of J&J Snack Foods by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after buying an additional 71,378 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in J&J Snack Foods by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock worth $278,899,000 after purchasing an additional 57,887 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of 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 valued at $110,612,000 after purchasing an additional 106,817 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of J&J Snack Foods by 22.4% during the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock valued at $78,488,000 after purchasing an additional 99,264 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its position in shares of J&J Snack Foods by 1.4% in the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock worth $90,649,000 after purchasing an additional 7,283 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, 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.