J&J Snack Foods (NASDAQ:JJSF) Given Buy Rating at Benchmark

J&J Snack Foods (NASDAQ:JJSF - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Benchmark in a research report issued on Tuesday,Benzinga reports. They presently have a $200.00 price target on the stock. Benchmark's target price points to a potential upside of 63.48% from the company's previous close.

J&J Snack Foods Stock Performance

NASDAQ:JJSF traded down $1.53 during mid-day trading on Tuesday, hitting $122.34. 135,892 shares of the company's stock traded hands, compared to its average volume of 154,985. The company has a market cap of $2.38 billion, a PE ratio of 27.49 and a beta of 0.64. The firm's 50 day simple moving average is $151.88 and its 200 day simple moving average is $162.78. J&J Snack Foods has a 1 year low of $116.60 and a 1 year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. On average, research analysts expect that J&J Snack Foods will post 5.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of J&J Snack Foods by 40.1% during the third quarter. Jane Street Group LLC now owns 31,936 shares of the company's stock worth $5,497,000 after buying an additional 9,134 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in J&J Snack Foods by 3.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company's stock worth $278,899,000 after acquiring an additional 57,887 shares during the last quarter. Millennium Management LLC grew its stake in J&J Snack Foods by 128.7% in the 2nd quarter. Millennium Management LLC now owns 21,678 shares of the company's stock worth $3,520,000 after acquiring an additional 12,198 shares during the period. Thrivent Financial for Lutherans raised its holdings in J&J Snack Foods by 19.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company's stock valued at $110,612,000 after acquiring an additional 106,817 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company's stock worth $104,140,000 after purchasing an additional 17,062 shares during the period. Institutional investors and hedge funds own 76.04% of the company's stock.

J&J Snack Foods Company Profile

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.