J&J Snack Foods (NASDAQ:JJSF) Rating Reiterated by Benchmark

Benchmark reissued their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a report issued on Tuesday morning, Benzinga reports. Benchmark currently has a $195.00 price objective on the stock.

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $160.47 on Tuesday. The stock has a 50-day moving average price of $140.58 and a 200 day moving average price of $153.51. The company has a current ratio of 2.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01. J&J Snack Foods has a 12-month low of $133.23 and a 12-month high of $177.71. The stock has a market capitalization of $3.11 billion, a P/E ratio of 39.04 and a beta of 0.54.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, May 6th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.21. The firm had revenue of $359.73 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Equities research analysts forecast that J&J Snack Foods will post 5.06 EPS for the current fiscal year.

J&J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 19th were issued a $0.735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.94 annualized dividend and a dividend yield of 1.83%. J&J Snack Foods’s dividend payout ratio (DPR) is 71.53%.

Insider Activity at J&J Snack Foods

In other J&J Snack Foods news, Director Marjorie Shreiber Roshkoff sold 625 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $147.73, for a total value of $92,331.25. Following the sale, the director now owns 69,459 shares of the company’s stock, valued at approximately $10,261,178.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 22.20% of the stock is owned by corporate insiders.

Institutional Trading of J&J Snack Foods

A number of large investors have recently made changes to their positions in the business. Operose Advisors LLC bought a new position in shares of J&J Snack Foods in the 3rd quarter valued at about $28,000. Fidelis Capital Partners LLC bought a new stake in shares of J&J Snack Foods in the 1st quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new position in shares of J&J Snack Foods in the 3rd quarter worth approximately $32,000. YHB Investment Advisors Inc. bought a new position in shares of J&J Snack Foods during the 1st quarter valued at approximately $44,000. Finally, Quantbot Technologies LP purchased a new stake in J&J Snack Foods during the 3rd quarter valued at $69,000. 76.04% of the stock is currently 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.