Benchmark Reaffirms Buy Rating for J&J Snack Foods (NASDAQ:JJSF)

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research report issued on Friday,Benzinga reports. They presently have a $200.00 price target on the stock. Benchmark’s price target would suggest a potential upside of 23.63% from the company’s current price.

J&J Snack Foods Stock Performance

Shares of J&J Snack Foods stock opened at $161.77 on Friday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 36.35 and a beta of 0.63. The stock’s 50-day moving average is $168.39 and its 200-day moving average is $166.10. J&J Snack Foods has a one year low of $133.23 and a one year high of $180.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 1.39.

Insiders Place Their Bets

In other news, Director Gerald B. Shreiber sold 20,000 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 22.20% of the company’s stock.

Hedge Funds Weigh In On J&J Snack Foods

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in J&J Snack Foods by 4.6% during the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after buying an additional 71,378 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of J&J Snack Foods by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after purchasing an additional 57,887 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of J&J Snack Foods by 19.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock valued at $110,612,000 after purchasing an additional 106,817 shares in the last quarter. State Street Corp boosted its holdings in shares of J&J Snack Foods by 2.9% in the 3rd quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after purchasing an additional 17,062 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of J&J Snack Foods by 22.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock valued at $78,488,000 after purchasing an additional 99,264 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

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.