J & J Snack Foods (JJSF) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a hold rating to a buy rating in a research report released on Tuesday.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered J & J Snack Foods from a buy rating to a hold rating in a research report on Wednesday, April 4th. KeyCorp assumed coverage on J & J Snack Foods in a report on Wednesday, March 28th. They issued a sector weight rating on the stock. Finally, BidaskClub raised J & J Snack Foods from a hold rating to a buy rating in a report on Friday, June 1st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $145.50.

Shares of JJSF opened at $153.38 on Tuesday. J & J Snack Foods has a twelve month low of $124.10 and a twelve month high of $158.41. The stock has a market cap of $2.89 billion, a PE ratio of 36.43, a P/E/G ratio of 3.25 and a beta of 0.60.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, June 14th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, June 13th. J & J Snack Foods’s dividend payout ratio is presently 42.76%.

In other news, insider Gerard Garfield Law sold 5,250 shares of the stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $137.85, for a total value of $723,712.50. Following the transaction, the insider now directly owns 25,890 shares of the company’s stock, valued at $3,568,936.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Comerica Bank boosted its stake in shares of J & J Snack Foods by 2.5% in the first quarter. Comerica Bank now owns 15,883 shares of the company’s stock worth $2,256,000 after buying an additional 386 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of J & J Snack Foods by 3.4% in the first quarter. Bahl & Gaynor Inc. now owns 11,905 shares of the company’s stock worth $1,626,000 after buying an additional 395 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of J & J Snack Foods by 5.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 9,561 shares of the company’s stock worth $1,452,000 after buying an additional 458 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of J & J Snack Foods by 1.7% in the first quarter. Legal & General Group Plc now owns 30,797 shares of the company’s stock worth $4,185,000 after buying an additional 504 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of J & J Snack Foods by 78.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,179 shares of the company’s stock worth $161,000 after buying an additional 519 shares during the last quarter. 67.56% of the stock is currently owned by institutional investors and hedge funds.

About J & J Snack Foods

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply