Jefferies Financial Group Has Lowered Expectations for J&J Snack Foods (NASDAQ:JJSF) Stock Price

J&J Snack Foods (NASDAQ:JJSF) had its target price dropped by Jefferies Financial Group from $175.00 to $135.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 8.54% from the company’s previous close.

Separately, Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Trading Down 0.4 %

Shares of NASDAQ:JJSF traded down $0.48 during mid-day trading on Tuesday, reaching $124.38. The stock had a trading volume of 74,662 shares, compared to its average volume of 146,423. The firm has a 50 day simple moving average of $145.55 and a two-hundred day simple moving average of $160.70. J&J Snack Foods has a twelve month low of $116.60 and a twelve month high of $180.80. The firm has a market cap of $2.42 billion, a PE ratio of 28.66 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, equities analysts anticipate that J&J Snack Foods will post 5.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JJSF. Alpine Global Management LLC acquired a new stake in J&J Snack Foods in the 4th quarter valued at approximately $781,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of J&J Snack Foods by 22.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,554 shares of the company’s stock worth $5,205,000 after purchasing an additional 6,068 shares in the last quarter. Sovereign s Capital Management LLC acquired a new position in J&J Snack Foods during the fourth quarter worth $443,000. Westwood Holdings Group Inc. boosted its holdings in J&J Snack Foods by 1.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 504,018 shares of the company’s stock worth $78,188,000 after purchasing an additional 7,535 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in J&J Snack Foods in the fourth quarter valued at $1,147,000. 76.04% of the stock is owned by institutional investors and hedge funds.

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.