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

J & J Snack Foods (NASDAQ:JJSF) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Benchmark dropped their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th.

J & J Snack Foods Trading Up 0.3%

NASDAQ:JJSF opened at $112.12 on Friday. The company has a 50-day moving average price of $120.35 and a 200-day moving average price of $133.87. J & J Snack Foods has a 12 month low of $109.71 and a 12 month high of $180.80. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 28.75 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.34). J & J Snack Foods had a return on equity of 8.78% and a net margin of 4.79%. The business had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same period in the previous year, the firm earned $0.84 EPS. The company’s revenue was down 1.0% on a year-over-year basis. Equities analysts forecast that J & J Snack Foods will post 4.75 EPS for the current fiscal year.

Institutional Investors Weigh In On J & J Snack Foods

A number of institutional investors have recently made changes to their positions in JJSF. Rhumbline Advisers grew its holdings in shares of J & J Snack Foods by 1.9% during the fourth quarter. Rhumbline Advisers now owns 42,585 shares of the company’s stock valued at $6,606,000 after buying an additional 802 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in J & J Snack Foods by 7.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 12,713 shares of the company’s stock valued at $1,972,000 after purchasing an additional 835 shares during the period. Principal Financial Group Inc. raised its position in J & J Snack Foods by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 75,797 shares of the company’s stock worth $11,758,000 after acquiring an additional 2,205 shares during the period. Smartleaf Asset Management LLC raised its position in J & J Snack Foods by 163.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after acquiring an additional 198 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in J & J Snack Foods by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company’s stock worth $28,803,000 after acquiring an additional 1,564 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

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.