J&J Snack Foods (NASDAQ:JJSF) Earns "Buy" Rating from Benchmark

Benchmark reiterated their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF - Free Report) in a research note published on Friday morning,Benzinga reports. Benchmark currently has a $200.00 target price on the stock.

J&J Snack Foods Trading Down 2.8 %

NASDAQ:JJSF traded down $4.73 during midday trading on Friday, reaching $161.77. 157,774 shares of the stock traded hands, compared to its average volume of 86,848. The stock has a market capitalization of $3.14 billion, a P/E ratio of 36.35 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27. The company has a fifty day moving average of $168.39 and a 200 day moving average of $165.90. J&J Snack Foods has a 12 month low of $133.23 and a 12 month high of $180.80.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the business's stock in a transaction 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 22.20% of the company's stock.

Institutional Trading of J&J Snack Foods

A number of institutional investors and hedge funds have recently bought and sold shares of JJSF. Barclays PLC boosted its holdings in shares of J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company's stock valued at $5,175,000 after acquiring an additional 24,435 shares during the last quarter. Jane Street Group LLC grew its holdings in 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 valued at $5,497,000 after purchasing an additional 9,134 shares during the period. State Street Corp increased its position in J&J Snack Foods by 2.9% in the third quarter. State Street Corp now owns 602,295 shares of the company's stock worth $104,140,000 after buying an additional 17,062 shares in the last quarter. Holocene Advisors LP lifted its position in shares of J&J Snack Foods by 364.1% during the 3rd quarter. Holocene Advisors LP now owns 7,244 shares of the company's stock valued at $1,247,000 after buying an additional 5,683 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of J&J Snack Foods by 0.7% during the 3rd quarter. Martingale Asset Management L P now owns 14,109 shares of the company's stock valued at $2,428,000 after buying an additional 100 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

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.