J&J Snack Foods (NASDAQ:JJSF) Stock Rating Reaffirmed by Benchmark

J&J Snack Foods (NASDAQ:JJSF - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $200.00 price target on the stock. Benchmark's price objective points to a potential upside of 20.28% from the company's previous close.

J&J Snack Foods Stock Performance

JJSF traded up $0.81 on Tuesday, reaching $166.28. The company had a trading volume of 50,370 shares, compared to its average volume of 86,971. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01. J&J Snack Foods has a 1 year low of $133.23 and a 1 year high of $176.38. The stock has a market capitalization of $3.22 billion, a PE ratio of 37.45 and a beta of 0.62. The stock has a 50-day moving average price of $168.03 and a 200-day moving average price of $163.19.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). The firm had revenue of $439.96 million during the quarter, compared to analysts' expectations of $440.92 million. J&J Snack Foods had a net margin of 5.49% and a return on equity of 10.70%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 earnings per share. As a group, research analysts forecast that J&J Snack Foods will post 5.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gerald B. Shreiber sold 20,000 shares of the company's stock in a transaction dated 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 available through this hyperlink. In other news, Director Gerald B. Shreiber sold 20,000 shares of the company's stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mary Lou Kehoe sold 1,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the sale, the vice president now directly owns 742 shares of the company's stock, valued at approximately $125,835.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On J&J Snack Foods

A number of institutional investors have recently added to or reduced their stakes in JJSF. Sei Investments Co. increased its holdings in J&J Snack Foods by 19.4% in the first quarter. Sei Investments Co. now owns 82,401 shares of the company's stock valued at $11,912,000 after buying an additional 13,382 shares in the last quarter. Edgestream Partners L.P. acquired a new position in J&J Snack Foods during the first quarter worth $3,197,000. DAVENPORT & Co LLC boosted its position in J&J Snack Foods by 11.9% during the first quarter. DAVENPORT & Co LLC now owns 217,553 shares of the company's stock worth $31,228,000 after purchasing an additional 23,196 shares in the last quarter. Vanguard Group Inc. grew its holdings in J&J Snack Foods by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company's stock valued at $236,544,000 after purchasing an additional 71,378 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in J&J Snack Foods by 15.3% during the first quarter. ProShare Advisors LLC now owns 55,006 shares of the company's stock worth $7,952,000 after acquiring an additional 7,315 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company's stock.

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.