J&J Snack Foods (NASDAQ:JJSF) PT Raised to $195.00 at Benchmark

J&J Snack Foods (NASDAQ:JJSF) had its price target lifted by stock analysts at Benchmark from $190.00 to $195.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price indicates a potential upside of 17.10% from the company’s current price.

JJSF has been the subject of several other reports. StockNews.com started coverage on shares of J&J Snack Foods in a report on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet raised shares of J&J Snack Foods from a “c+” rating to a “b” rating in a report on Monday, July 31st.

J&J Snack Foods Price Performance

Shares of JJSF stock opened at $166.53 on Friday. The firm has a market cap of $3.21 billion, a P/E ratio of 40.82 and a beta of 0.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.50 and a quick ratio of 1.55. J&J Snack Foods has a 1-year low of $133.27 and a 1-year high of $177.71. The firm has a fifty day moving average of $160.80 and a two-hundred day moving average of $160.43.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Thursday, November 16th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.04. The company had revenue of $443.90 million during the quarter, compared to analyst estimates of $421.06 million. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. As a group, research analysts anticipate that J&J Snack Foods will post 5.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Operose Advisors LLC bought a new stake in J&J Snack Foods in the 3rd quarter valued at about $28,000. Eagle Bay Advisors LLC lifted its position in J&J Snack Foods by 144.2% in the 2nd quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 111 shares during the last quarter. Headlands Technologies LLC bought a new stake in J&J Snack Foods in the 3rd quarter valued at about $32,000. Parallel Advisors LLC lifted its position in J&J Snack Foods by 1,116.7% in the 1st quarter. Parallel Advisors LLC now owns 292 shares of the company’s stock valued at $43,000 after purchasing an additional 268 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in J&J Snack Foods in the 3rd quarter valued at about $69,000. 76.07% of the stock is owned by institutional investors and hedge funds.

About J&J Snack Foods

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, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.