J&J Snack Foods (NASDAQ:JJSF - Get Free Report) had its price objective reduced by investment analysts at Jefferies Financial Group from $175.00 to $135.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 4.42% from the company's current price.
Separately, Benchmark reiterated a "buy" rating and set a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, February 4th.
View Our Latest Analysis on JJSF
J&J Snack Foods Stock Up 4.3 %
NASDAQ JJSF traded up $5.33 on Tuesday, hitting $129.29. The company's stock had a trading volume of 140,384 shares, compared to its average volume of 160,834. J&J Snack Foods has a 1-year low of $116.60 and a 1-year high of $180.80. The company's 50-day moving average is $142.08 and its 200 day moving average is $159.65. The firm has a market cap of $2.52 billion, a PE ratio of 29.79 and a beta of 0.64.
J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. On average, equities analysts expect that J&J Snack Foods will post 4.75 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in J&J Snack Foods by 163.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after acquiring an additional 198 shares in the last quarter. Johnson Financial Group Inc. bought a new position in J&J Snack Foods during the fourth quarter worth $55,000. Blue Trust Inc. boosted its stake in J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company's stock worth $63,000 after acquiring an additional 390 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in J&J Snack Foods during the fourth quarter worth $74,000. Finally, Huntington National Bank boosted its stake in J&J Snack Foods by 25.4% during the fourth quarter. Huntington National Bank now owns 513 shares of the company's stock worth $80,000 after acquiring an additional 104 shares in the last quarter. 76.04% of the stock is owned by institutional investors.
About J&J Snack Foods
(
Get Free Report)
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.
Further Reading
Before you consider J&J Snack Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and J&J Snack Foods wasn't on the list.
While J&J Snack Foods currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
