J & J Snack Foods (NASDAQ:JJSF) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• J & J Snack Foods received a Hold (C-) rating from Weiss Ratings, while Wall Street Zen upgraded the stock from "sell" to "hold."
• The company's stock currently has an average price target of $142.50, with a recent stock price of $95.36, indicating it is trading near its 52-week low.
• J & J Snack Foods reported $2.00 earnings per share for the last quarter, surpassing the consensus estimate of $1.74 and showing a year-over-year revenue increase of 3.3%.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $142.50.

J & J Snack Foods Stock Up 0.5%

JJSF stock opened at $95.36 on Wednesday. The company's 50-day simple moving average is $106.57 and its 200-day simple moving average is $116.10. J & J Snack Foods has a 52-week low of $94.13 and a 52-week high of $180.80. The firm has a market cap of $1.86 billion, a P/E ratio of 22.23 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The business had revenue of $454.30 million for the quarter, compared to analyst estimates of $445.98 million. During the same period in the prior year, the company posted $1.98 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. On average, 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 modified their holdings of JJSF. Principal Financial Group Inc. raised its holdings in J & J Snack Foods by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 77,823 shares of the company's stock valued at $10,251,000 after acquiring an additional 2,026 shares during the last quarter. Raymond James Financial Inc. raised its holdings in J & J Snack Foods by 877.3% in the 1st quarter. Raymond James Financial Inc. now owns 42,484 shares of the company's stock valued at $5,597,000 after acquiring an additional 38,137 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in J & J Snack Foods by 10.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 26,615 shares of the company's stock valued at $3,506,000 after acquiring an additional 2,431 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in J & J Snack Foods by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 162,460 shares of the company's stock valued at $21,399,000 after acquiring an additional 1,565 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in J & J Snack Foods in the 1st quarter valued at about $764,000. Institutional investors and hedge funds own 76.04% of the company's stock.

About J & J Snack Foods

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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