J & J Snack Foods (NASDAQ:JJSF) Upgraded at Wall Street Zen

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Separately, Benchmark lowered their price target on J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

J & J Snack Foods Stock Performance

Shares of NASDAQ JJSF traded up $0.31 during midday trading on Friday, hitting $115.56. The company's stock had a trading volume of 182,767 shares, compared to its average volume of 114,638. The firm has a market cap of $2.25 billion, a P/E ratio of 29.63 and a beta of 0.44. The firm's fifty day moving average price is $119.92 and its 200-day moving average price is $132.97. J & J Snack Foods has a 1-year low of $109.71 and a 1-year high of $180.80.

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

Institutional Trading of J & J Snack Foods

Several institutional investors have recently bought and sold shares of JJSF. Vanguard Group Inc. increased its position in shares of J & J Snack Foods by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 1,673,976 shares of the company's stock worth $220,496,000 after purchasing an additional 20,803 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of J & J Snack Foods by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,629,344 shares of the company's stock valued at $216,035,000 after acquiring an additional 24,139 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of J & J Snack Foods by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after acquiring an additional 2,357 shares in the last quarter. Westwood Holdings Group Inc. grew its position in J & J Snack Foods by 21.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company's stock worth $80,412,000 after acquiring an additional 106,459 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in J & J Snack Foods by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock valued at $72,648,000 after purchasing an additional 6,544 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company's stock.

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.