J&J Snack Foods (NASDAQ:JJSF) Receives “Buy” Rating from Benchmark

Benchmark reiterated their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a report issued on Tuesday, Benzinga reports. They currently have a $200.00 price target on the stock.

J&J Snack Foods Stock Performance

JJSF stock opened at $165.86 on Tuesday. J&J Snack Foods has a 1-year low of $133.23 and a 1-year high of $176.38. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.22 billion, a PE ratio of 36.86 and a beta of 0.62. The business’s 50-day moving average price is $167.71 and its two-hundred day moving average price is $163.44.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The business had revenue of $439.96 million for the quarter, compared to the consensus estimate of $440.92 million. During the same quarter last year, the firm earned $1.92 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts forecast that J&J Snack Foods will post 5.21 earnings per share for the current year.

J&J Snack Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.78 per share. This is an increase from J&J Snack Foods’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.12 annualized dividend and a dividend yield of 1.88%. J&J Snack Foods’s dividend payout ratio is currently 69.33%.

Insider Activity at J&J Snack Foods

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mary Lou Kehoe sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the transaction, the vice president now directly owns 742 shares of the company’s stock, valued at approximately $125,835.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of J&J Snack Foods by 19.4% during the 1st quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock worth $11,912,000 after buying an additional 13,382 shares during the last quarter. Edgestream Partners L.P. acquired a new position in J&J Snack Foods during the first quarter valued at approximately $3,197,000. DAVENPORT & Co LLC grew its stake in J&J Snack Foods by 11.9% in the first quarter. DAVENPORT & Co LLC now owns 217,553 shares of the company’s stock valued at $31,228,000 after purchasing an additional 23,196 shares in the last quarter. Vanguard Group Inc. increased its position in shares of J&J Snack Foods by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of J&J Snack Foods by 15.3% during the 1st quarter. ProShare Advisors LLC now owns 55,006 shares of the company’s stock worth $7,952,000 after purchasing an additional 7,315 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.