J & J Snack Foods (NASDAQ:JJSF) Cut to Sell (D+) at Weiss Ratings

Weiss Ratings downgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a hold (c-) rating to a sell (d+) rating in a research report released on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, J & J Snack Foods presently has an average rating of “Hold” and an average price target of $142.50.

J & J Snack Foods Trading Up 0.1%

JJSF stock opened at $91.08 on Friday. J & J Snack Foods has a 12-month low of $90.18 and a 12-month high of $180.80. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 21.23 and a beta of 0.38. The business’s 50-day moving average is $101.50 and its 200 day moving average is $112.43.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The company had revenue of $454.30 million for the quarter, compared to analysts’ expectations of $445.98 million. During the same period in the previous year, the firm posted $1.98 EPS. J & J Snack Foods’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that J & J Snack Foods will post 4.75 EPS for the current fiscal year.

J & J Snack Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, September 16th. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.78. This represents a $3.20 dividend on an annualized basis and a yield of 3.5%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 74.59%.

Hedge Funds Weigh In On J & J Snack Foods

A number of institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in J & J Snack Foods by 4.2% during the second quarter. Bank of Montreal Can now owns 2,634 shares of the company’s stock worth $299,000 after purchasing an additional 106 shares during the period. Nicolet Advisory Services LLC raised its stake in J & J Snack Foods by 4.8% during the first quarter. Nicolet Advisory Services LLC now owns 2,400 shares of the company’s stock worth $318,000 after purchasing an additional 110 shares during the period. Avantax Advisory Services Inc. raised its stake in J & J Snack Foods by 3.0% during the first quarter. Avantax Advisory Services Inc. now owns 4,835 shares of the company’s stock worth $637,000 after purchasing an additional 140 shares during the period. RK Asset Management LLC raised its stake in J & J Snack Foods by 0.5% during the third quarter. RK Asset Management LLC now owns 29,948 shares of the company’s stock worth $2,878,000 after purchasing an additional 144 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in J & J Snack Foods by 31.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock worth $81,000 after purchasing an additional 145 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Company Profile

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.