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

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating restated by Benchmark in a research note issued to investors on Friday,Benzinga reports. They currently have a $200.00 target price on the stock. Benchmark’s price target indicates a potential upside of 23.63% from the company’s previous close.

J&J Snack Foods Trading Down 2.8 %

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

Insider Buying and Selling

In other news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of J&J Snack Foods by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after acquiring an additional 71,378 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in 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 buying an additional 57,887 shares in the last quarter. Thrivent Financial for Lutherans increased its position in 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 buying an additional 106,817 shares in the last quarter. State Street Corp increased its position in 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 buying an additional 17,062 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in 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 buying an additional 99,264 shares in the last quarter. 76.04% of the stock is owned by institutional investors.

About J&J Snack Foods

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.