J & J Snack Foods (NASDAQ:JJSF) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday, BidAskClub reports.

A number of other equities research analysts have also weighed in on JJSF. ValuEngine upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Jefferies Financial Group restated a “hold” rating and issued a $137.00 target price on shares of J & J Snack Foods in a report on Thursday, April 30th. CL King upgraded shares of J & J Snack Foods from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Tuesday, May 12th. Finally, Zacks Investment Research upgraded shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. J & J Snack Foods has a consensus rating of “Hold” and an average price target of $162.00.

Shares of JJSF traded up $1.07 on Friday, reaching $123.13. The company’s stock had a trading volume of 121,025 shares, compared to its average volume of 95,156. J & J Snack Foods has a twelve month low of $105.67 and a twelve month high of $196.84. The stock has a market capitalization of $2.33 billion, a PE ratio of 62.82 and a beta of 0.58. The firm has a fifty day moving average of $125.89 and a 200-day moving average of $140.22.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, July 27th. The company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.29). J & J Snack Foods had a return on equity of 5.16% and a net margin of 3.49%. The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $186.07 million. During the same quarter in the prior year, the company earned $1.63 EPS. The company’s revenue was down 34.4% on a year-over-year basis. Equities research analysts forecast that J & J Snack Foods will post 0.97 EPS for the current fiscal year.

In other J & J Snack Foods news, SVP Gerard Garfield Law sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $127.47, for a total value of $1,274,700.00. Following the completion of the sale, the senior vice president now owns 11,002 shares in the company, valued at approximately $1,402,424.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 21.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its position in shares of J & J Snack Foods by 22.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 650 shares of the company’s stock valued at $79,000 after acquiring an additional 120 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in J & J Snack Foods by 17.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,093 shares of the company’s stock worth $132,000 after acquiring an additional 160 shares during the last quarter. JS Capital Management LLC bought a new stake in shares of J & J Snack Foods during the 1st quarter valued at about $218,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of J & J Snack Foods by 61.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,767 shares of the company’s stock valued at $225,000 after purchasing an additional 674 shares in the last quarter. Finally, Yorktown Management & Research Co Inc boosted its stake in shares of J & J Snack Foods by 100.0% during the 1st quarter. Yorktown Management & Research Co Inc now owns 2,200 shares of the company’s stock valued at $266,000 after purchasing an additional 1,100 shares in the last quarter. 74.79% of the stock is owned by hedge funds and other institutional investors.

J & J Snack Foods Company Profile

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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