Short Interest in J&J Snack Foods Corp. (NASDAQ:JJSF) Decreases By 9.7%

J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 620,500 shares, a decline of 9.7% from the October 15th total of 686,900 shares. Based on an average daily trading volume, of 71,100 shares, the days-to-cover ratio is currently 8.7 days. Currently, 4.1% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, Director Gerald B. Shreiber sold 20,000 shares of the company's stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.20% of the stock is owned by company insiders.

Institutional Trading of J&J Snack Foods

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company's stock valued at $59,000 after acquiring an additional 314 shares during the period. Blue Trust Inc. increased its position in J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company's stock worth $63,000 after buying an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of J&J Snack Foods in the second quarter worth about $76,000. Covestor Ltd lifted its position in shares of J&J Snack Foods by 54,200.0% during the 1st quarter. Covestor Ltd now owns 543 shares of the company's stock valued at $78,000 after buying an additional 542 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of J&J Snack Foods during the 2nd quarter valued at approximately $114,000. 76.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a "buy" rating and set a $200.00 price target on shares of J&J Snack Foods in a research report on Friday.

J&J Snack Foods Stock Up 2.2 %

Shares of NASDAQ JJSF traded up $3.61 on Monday, reaching $165.38. 64,742 shares of the company's stock traded hands, compared to its average volume of 86,749. J&J Snack Foods has a 12 month low of $133.23 and a 12 month high of $180.80. The business's 50 day simple moving average is $168.41 and its two-hundred day simple moving average is $166.50. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 37.16 and a beta of 0.63.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The firm had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. During the same period in the previous year, the company earned $1.73 earnings per share. J&J Snack Foods's quarterly revenue was down 3.9% compared to the same quarter last year. Analysts forecast that J&J Snack Foods will post 6.05 earnings per share for the current fiscal year.

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.