StockNews.com Upgrades J&J Snack Foods (NASDAQ:JJSF) to Hold

J&J Snack Foods (NASDAQ:JJSFGet Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Separately, CL King lifted their price objective on shares of J&J Snack Foods from $165.00 to $180.00 in a research note on Wednesday.

J&J Snack Foods Stock Performance

Shares of JJSF stock opened at $156.59 on Wednesday. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 63.65 and a beta of 0.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.45. The company has a 50-day simple moving average of $140.32 and a 200 day simple moving average of $137.81. J&J Snack Foods has a 52 week low of $117.45 and a 52 week high of $165.78.

Insiders Place Their Bets

In other news, CEO Dan Fachner sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $155.00, for a total value of $1,240,000.00. Following the completion of the transaction, the chief executive officer now directly owns 22,896 shares in the company, valued at approximately $3,548,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.00% of the company’s stock.

Hedge Funds Weigh In On J&J Snack Foods

A number of institutional investors have recently added to or reduced their stakes in JJSF. Bessemer Group Inc. increased its position in J&J Snack Foods by 578.6% during the 3rd quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock worth $25,000 after purchasing an additional 162 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in J&J Snack Foods during the 2nd quarter worth approximately $26,000. Eagle Bay Advisors LLC grew its holdings in J&J Snack Foods by 144.2% during the 2nd quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in J&J Snack Foods by 603.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 415 shares of the company’s stock worth $54,000 after acquiring an additional 356 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in J&J Snack Foods by 15.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 610 shares of the company’s stock worth $79,000 after acquiring an additional 80 shares during the last quarter. 79.89% of the stock is currently owned by institutional investors and hedge funds.

About J&J Snack Foods

(Get Rating)

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 in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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