J & J Snack Foods (NASDAQ:JJSF) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also recently issued reports on JJSF. Zacks Investment Research upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a research report on Saturday, February 3rd. Jefferies Group set a $130.00 target price on J & J Snack Foods and gave the stock a “hold” rating in a research report on Thursday, November 16th. Finally, CL King assumed coverage on J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating for the company.

Shares of J & J Snack Foods (NASDAQ JJSF) opened at $132.17 on Friday. J & J Snack Foods has a 1 year low of $121.20 and a 1 year high of $157.33. The stock has a market capitalization of $2,538.59, a PE ratio of 24.39 and a beta of 0.65.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The business had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $253.95 million. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts expect that J & J Snack Foods will post 4.93 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in J & J Snack Foods by 14.9% during the 4th quarter. Wells Fargo & Company MN now owns 41,856 shares of the company’s stock valued at $6,355,000 after buying an additional 5,413 shares in the last quarter. Granite Point Capital Management L.P. purchased a new position in J & J Snack Foods during the 4th quarter valued at approximately $911,000. Sei Investments Co. grew its holdings in J & J Snack Foods by 3.8% during the 4th quarter. Sei Investments Co. now owns 28,415 shares of the company’s stock valued at $4,315,000 after buying an additional 1,035 shares in the last quarter. Wealthstreet Investment Advisors LLC purchased a new position in J & J Snack Foods during the 4th quarter valued at approximately $455,000. Finally, California Public Employees Retirement System grew its holdings in J & J Snack Foods by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 23,390 shares of the company’s stock valued at $3,551,000 after buying an additional 765 shares in the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.

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J & J Snack Foods Company Profile

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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