Zacks Investment Research upgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “J&J Snack Foods Corporation is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. Manufactured and distributed nationwide, their principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, MINUTE MAID frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, TIO PEPE’S, CALIFORNIA CHURROS and OREO Churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several bakery brands within COUNTRY HOME BAKERS and HILL & VALLEY. “

Several other equities research analysts have also commented on the company. BidaskClub lowered J & J Snack Foods from a buy rating to a hold rating in a research note on Tuesday, April 24th. KeyCorp began coverage on J & J Snack Foods in a research note on Wednesday, March 28th. They set a sector weight rating on the stock. Finally, Jefferies Group reissued a hold rating and set a $135.00 price target on shares of J & J Snack Foods in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Buy and an average price target of $145.50.

Shares of NASDAQ:JJSF opened at $141.62 on Tuesday. The company has a market cap of $2.62 billion, a PE ratio of 33.64, a PEG ratio of 2.95 and a beta of 0.60. J & J Snack Foods has a 12 month low of $124.10 and a 12 month high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, April 30th. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The business had revenue of $266.10 million for the quarter, compared to analyst estimates of $263.89 million. J & J Snack Foods had a return on equity of 11.50% and a net margin of 9.07%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. research analysts expect that J & J Snack Foods will post 4.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 14th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, June 13th. J & J Snack Foods’s payout ratio is currently 42.76%.

In related news, insider Gerard Garfield Law sold 5,250 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $137.85, for a total value of $723,712.50. Following the sale, the insider now owns 25,890 shares of the company’s stock, valued at approximately $3,568,936.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 21.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of JJSF. Schwab Charles Investment Management Inc. lifted its stake in J & J Snack Foods by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 98,066 shares of the company’s stock valued at $14,890,000 after buying an additional 5,879 shares in the last quarter. Fisher Asset Management LLC lifted its stake in J & J Snack Foods by 1.1% in the 4th quarter. Fisher Asset Management LLC now owns 43,991 shares of the company’s stock valued at $6,679,000 after buying an additional 477 shares in the last quarter. Algert Global LLC lifted its stake in J & J Snack Foods by 341.2% in the 4th quarter. Algert Global LLC now owns 8,763 shares of the company’s stock valued at $1,330,000 after buying an additional 6,777 shares in the last quarter. Parametrica Management Ltd purchased a new stake in J & J Snack Foods in the 4th quarter valued at approximately $334,000. Finally, Teton Advisors Inc. purchased a new stake in J & J Snack Foods in the 4th quarter valued at approximately $228,000. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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