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

Wall Street Zen upgraded shares of J&J Snack Foods (NASDAQ:JJSF - Free Report) from a sell rating to a hold rating in a research report released on Friday morning.

A number of other analysts have also issued reports on the company. Jefferies Financial Group dropped their target price on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Benchmark dropped their target price 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 Up 2.4%

Shares of JJSF traded up $2.78 during mid-day trading on Friday, reaching $118.78. 143,542 shares of the stock traded hands, compared to its average volume of 111,557. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 27.37 and a beta of 0.44. The stock has a fifty day simple moving average of $123.71 and a 200 day simple moving average of $137.01. J&J Snack Foods has a 12-month low of $111.11 and a 12-month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.34). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The firm had revenue of $356.10 million for the quarter, compared to analysts' expectations of $369.01 million. During the same quarter in the prior year, the business earned $0.84 EPS. The company's revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts expect that J&J Snack Foods will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $3.12 annualized dividend and a yield of 2.63%. J&J Snack Foods's dividend payout ratio is presently 80.00%.

Institutional Trading of J&J Snack Foods

Several institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $50,000 after buying an additional 198 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in J&J Snack Foods during the fourth quarter valued at approximately $55,000. Newbridge Financial Services Group Inc. acquired a new stake in J&J Snack Foods during the fourth quarter valued at approximately $74,000. Blue Trust Inc. raised its stake in J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company's stock valued at $86,000 after buying an additional 107 shares in the last quarter. Finally, Huntington National Bank raised its stake in J&J Snack Foods by 25.4% during 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. 76.04% of the stock is owned by institutional investors and hedge funds.

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.