J&J Snack Foods' (JJSF) "Buy" Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF - Free Report) in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a $195.00 target price on the stock.

J&J Snack Foods Price Performance

NASDAQ:JJSF traded up $22.57 during mid-day trading on Tuesday, hitting $160.47. The company's stock had a trading volume of 293,236 shares, compared to its average volume of 92,933. J&J Snack Foods has a fifty-two week low of $133.23 and a fifty-two week high of $177.71. The company has a current ratio of 2.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 39.04 and a beta of 0.54. The stock has a fifty day moving average of $140.25 and a 200-day moving average of $153.45.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.21. The firm had revenue of $359.73 million during the quarter, compared to analyst estimates of $341.08 million. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. As a group, equities analysts forecast that J&J Snack Foods will post 5.06 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.94 annualized dividend and a yield of 1.83%. J&J Snack Foods's dividend payout ratio is 71.53%.

Insiders Place Their Bets

In other J&J Snack Foods news, Director Marjorie Shreiber Roshkoff sold 625 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $147.73, for a total transaction of $92,331.25. Following the sale, the director now directly owns 69,459 shares of the company's stock, valued at $10,261,178.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 22.20% of the company's stock.

Institutional Trading of J&J Snack Foods

Hedge funds have recently modified their holdings of the stock. Operose Advisors LLC bought a new stake in shares of J&J Snack Foods during the third quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in J&J Snack Foods in the third quarter valued at approximately $32,000. Fidelis Capital Partners LLC bought a new position in J&J Snack Foods in the first quarter valued at approximately $29,000. YHB Investment Advisors Inc. bought a new stake in shares of J&J Snack Foods during the 1st quarter valued at $44,000. Finally, Quantbot Technologies LP acquired a new position in shares of J&J Snack Foods in the 3rd quarter valued at $69,000. 76.04% of the stock is owned by institutional investors.

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.