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

Benchmark reaffirmed their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a report issued on Tuesday,Benzinga reports. Benchmark currently has a $200.00 price objective on the stock.

J&J Snack Foods Stock Performance

JJSF stock opened at $124.05 on Tuesday. The stock has a market cap of $2.42 billion, a P/E ratio of 27.88 and a beta of 0.64. The firm has a 50 day simple moving average of $153.82 and a 200 day simple moving average of $163.37. J&J Snack Foods has a 52 week low of $116.60 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. Sell-side analysts predict that J&J Snack Foods will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.52%. J&J Snack Foods’s dividend payout ratio is currently 70.11%.

Institutional Trading of J&J Snack Foods

A number of institutional investors and hedge funds have recently modified their holdings of JJSF. Franklin Resources Inc. grew its position in shares of J&J Snack Foods by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock valued at $259,000 after purchasing an additional 61 shares during the period. Creative Planning boosted its position in J&J Snack Foods by 1.9% during the 3rd quarter. Creative Planning now owns 4,683 shares of the company’s stock worth $806,000 after acquiring an additional 86 shares during the last quarter. GAMMA Investing LLC boosted its position in J&J Snack Foods by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after acquiring an additional 88 shares during the last quarter. Martingale Asset Management L P raised 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 worth $2,428,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of J&J Snack Foods by 27.4% during the 4th quarter. Blue Trust Inc. now owns 498 shares of the company’s stock worth $86,000 after purchasing an additional 107 shares in the last quarter. 76.04% of the stock is 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.