Shares of J & J Snack Foods Corp (NASDAQ:JJSF) have been given an average recommendation of “Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $135.00.
A number of equities research analysts recently commented on JJSF shares. Zacks Investment Research lowered J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. BidaskClub lowered J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Finally, ValuEngine upgraded J & J Snack Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th.
J & J Snack Foods traded down $1.68, reaching $153.39, during trading hours on Friday, according to MarketBeat.com. 39,239 shares of the company’s stock were exchanged, compared to its average volume of 73,433. The firm has a market cap of $2.88 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 3.24 and a beta of 0.61. J & J Snack Foods has a one year low of $124.10 and a one year high of $159.05.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 5th. Shareholders of record on Thursday, June 14th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. J & J Snack Foods’s payout ratio is 42.76%.
In other J & J Snack Foods news, insider Gerard Garfield Law sold 5,250 shares of the stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $137.85, for a total value of $723,712.50. Following the transaction, the insider now directly owns 25,890 shares in the company, valued at approximately $3,568,936.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 21.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in JJSF. Wells Fargo & Company MN boosted its position in J & J Snack Foods by 14.9% in 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of J & J Snack Foods by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 137,310 shares of the company’s stock valued at $20,847,000 after purchasing an additional 1,073 shares during the period. Alliancebernstein L.P. lifted its stake in shares of J & J Snack Foods by 6.4% in the 4th quarter. Alliancebernstein L.P. now owns 23,344 shares of the company’s stock valued at $3,544,000 after purchasing an additional 1,400 shares during the period. Deutsche Bank AG lifted its stake in shares of J & J Snack Foods by 30.4% in the 4th quarter. Deutsche Bank AG now owns 36,591 shares of the company’s stock valued at $5,553,000 after purchasing an additional 8,525 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of J & J Snack Foods in the 4th quarter valued at $634,000. Hedge funds and other institutional investors own 67.42% of the company’s stock.
J & J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
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