BidaskClub upgraded shares of J & J Snack Foods (NASDAQ:JJSF) from a hold rating to a buy rating in a research report released on Tuesday morning, BidAskClub reports.

Several other research firms have also recently weighed in on JJSF. Zacks Investment Research cut J & J Snack Foods from a hold rating to a sell rating in a report on Friday, March 29th. Jefferies Financial Group restated a hold rating and issued a $145.00 target price on shares of J & J Snack Foods in a research note on Thursday, January 31st.

NASDAQ JJSF traded up $0.98 on Tuesday, hitting $164.54. The company’s stock had a trading volume of 1,320 shares, compared to its average volume of 71,158. J & J Snack Foods has a 52-week low of $136.87 and a 52-week high of $166.54. The stock has a market cap of $3.09 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 3.35 and a beta of 0.48.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, April 29th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The business had revenue of $276.30 million during the quarter, compared to analysts’ expectations of $272.30 million. During the same quarter last year, the business posted $0.95 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that J & J Snack Foods will post 4.9 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, June 11th. J & J Snack Foods’s payout ratio is presently 49.26%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JJSF. Bank of New York Mellon Corp increased its position in J & J Snack Foods by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 230,654 shares of the company’s stock valued at $34,805,000 after buying an additional 7,434 shares in the last quarter. AQR Capital Management LLC increased its position in J & J Snack Foods by 112.3% during the 3rd quarter. AQR Capital Management LLC now owns 5,891 shares of the company’s stock valued at $889,000 after buying an additional 3,116 shares in the last quarter. Morgan Stanley increased its position in J & J Snack Foods by 31.6% during the 3rd quarter. Morgan Stanley now owns 81,049 shares of the company’s stock valued at $12,230,000 after buying an additional 19,453 shares in the last quarter. Vanguard Group Inc. increased its position in J & J Snack Foods by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,681,160 shares of the company’s stock valued at $253,670,000 after buying an additional 40,937 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in J & J Snack Foods by 0.7% during the 3rd quarter. Teachers Advisors LLC now owns 29,089 shares of the company’s stock valued at $4,389,000 after buying an additional 196 shares in the last quarter. Institutional investors own 72.44% 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 in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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