J & J Snack Foods (NASDAQ:JJSF) Rating Lowered to Sell at Wall Street Zen

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Separately, Benchmark dropped their price objective on J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.

J & J Snack Foods Trading Down 3.5%

Shares of NASDAQ JJSF opened at $111.68 on Friday. The business has a fifty day simple moving average of $118.29 and a 200 day simple moving average of $131.69. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 28.64 and a beta of 0.44. J & J Snack Foods has a one year low of $109.71 and a one year high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). The firm had revenue of $356.10 million during the quarter, compared to analyst estimates of $369.01 million. J & J Snack Foods had a net margin of 4.79% and a return on equity of 8.78%. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. On average, research analysts anticipate that J & J Snack Foods will post 4.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JJSF. Smartleaf Asset Management LLC raised its stake in J & J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after acquiring an additional 198 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of J & J Snack Foods in the fourth quarter valued at $55,000. Huntington National Bank increased its stake in shares of J & J Snack Foods by 25.4% in the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock valued at $80,000 after buying an additional 104 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of J & J Snack Foods by 31.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company's stock valued at $81,000 after buying an additional 145 shares in the last quarter. Finally, CWM LLC increased its stake in shares of J & J Snack Foods by 301.3% in the first quarter. CWM LLC now owns 634 shares of the company's stock valued at $84,000 after buying an additional 476 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.

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