Todays Report: Today, J&J Snack Foods Corp. (JJSF) Lowered by The Zacks Investment Research

Today, J&J Snack Foods Corp. (JJSF) Lowered by The Zacks Investment Research

J&J Snack Foods Corp. (NASDAQ:JJSF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “J & J Snack Foods Corp. manufactures nutritional snack foods which it markets nationally to the food service and retail supermarket industries. Its principal snack food products are soft pretzels marketed principally under the brand name SUPERPRETZEL. The Company also markets frozen beverages to the food service industry under the brand names ICEE and ARCTIC BLAST in the United States, Mexico and Canada. Other snack products include Italian ice and frozen juice treats and desserts, churros (a Hispanic pastry), funnel cake, popcorn and bakery products. “

A number of other research analysts have also recently issued reports on JJSF. Jefferies Group lifted their price objective on shares of J&J Snack Foods Corp. from $108.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. KeyCorp assumed coverage on shares of J&J Snack Foods Corp. in a research note on Monday, August 22nd. They set a “sector weight” rating on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $135.00 target price on shares of J&J Snack Foods Corp. in a research note on Monday, November 7th.

J&J Snack Foods Corp. (NASDAQ:JJSF) traded up 1.59% during mid-day trading on Tuesday, hitting $126.42. 19,573 shares of the company were exchanged. J&J Snack Foods Corp. has a 12-month low of $97.73 and a 12-month high of $126.51. The company has a market capitalization of $2.36 billion, a P/E ratio of 31.21 and a beta of 0.63. The company’s 50-day moving average is $119.76 and its 200 day moving average is $117.08.

J&J Snack Foods Corp. (NASDAQ:JJSF) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by $0.14. The firm earned $262.24 million during the quarter, compared to the consensus estimate of $265.65 million. J&J Snack Foods Corp. had a net margin of 7.60% and a return on equity of 12.25%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. Analysts expect that J&J Snack Foods Corp. will post $4.23 EPS for the current year.

Several hedge funds have recently bought and sold shares of JJSF. Bruderman Asset Management LLC raised its position in shares of J&J Snack Foods Corp. by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 1,143 shares of the company’s stock worth $136,000 after buying an additional 3 shares during the period. Profund Advisors LLC raised its position in shares of J&J Snack Foods Corp. by 0.9% in the second quarter. Profund Advisors LLC now owns 2,743 shares of the company’s stock worth $327,000 after buying an additional 25 shares during the period. American International Group Inc. raised its position in shares of J&J Snack Foods Corp. by 0.3% in the third quarter. American International Group Inc. now owns 11,154 shares of the company’s stock worth $1,329,000 after buying an additional 29 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of J&J Snack Foods Corp. by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,260 shares of the company’s stock worth $388,000 after buying an additional 50 shares during the period. Finally, Benedict Financial Advisors Inc. raised its position in shares of J&J Snack Foods Corp. by 2.4% in the second quarter. Benedict Financial Advisors Inc. now owns 2,425 shares of the company’s stock worth $285,000 after buying an additional 56 shares during the period. 68.88% of the stock is currently owned by hedge funds and other institutional investors.

About J&J Snack Foods Corp.

J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.

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