J&J Snack Foods (NASDAQ:JJSF) Receives “Buy” Rating from Benchmark

J&J Snack Foods (NASDAQ:JJSF)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research note issued on Friday,Benzinga reports. They currently have a $200.00 price target on the stock. Benchmark’s target price points to a potential upside of 25.79% from the company’s previous close.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF traded down $7.50 during midday trading on Friday, hitting $159.00. 17,823 shares of the company’s stock were exchanged, compared to its average volume of 86,218. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $168.46 and its two-hundred day moving average price is $165.73. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 35.73 and a beta of 0.63. J&J Snack Foods has a 12-month low of $133.23 and a 12-month high of $180.80.

Insider Transactions at J&J Snack Foods

In related news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JJSF. Swiss National Bank raised its position in J&J Snack Foods by 0.7% in the 1st quarter. Swiss National Bank now owns 30,600 shares of the company’s stock worth $4,424,000 after purchasing an additional 200 shares during the period. Sei Investments Co. lifted its stake in shares of J&J Snack Foods by 19.4% in the 1st quarter. Sei Investments Co. now owns 82,401 shares of the company’s stock valued at $11,912,000 after acquiring an additional 13,382 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of J&J Snack Foods by 17.5% in the 1st quarter. Blair William & Co. IL now owns 7,913 shares of the company’s stock valued at $1,144,000 after acquiring an additional 1,178 shares during the last quarter. Nicolet Advisory Services LLC purchased a new stake in J&J Snack Foods during the 1st quarter valued at about $220,000. Finally, Vanguard Group Inc. grew its position in J&J Snack Foods by 4.6% during 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 during the last quarter. 76.04% of the stock is owned by hedge funds and other 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.