J&J Snack Foods (NASDAQ:JJSF) Hits New 1-Year High – Time to Buy?

J&J Snack Foods Corp. (NASDAQ:JJSF)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $178.38 and last traded at $178.38, with a volume of 6761 shares trading hands. The stock had previously closed at $169.43.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, October 29th.

J&J Snack Foods Trading Up 5.7 %

The business’s 50-day moving average is $167.69 and its two-hundred day moving average is $164.30. The stock has a market capitalization of $3.48 billion, a PE ratio of 37.65 and a beta of 0.63. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, August 5th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The company had revenue of $439.96 million for the quarter, compared to analyst estimates of $440.92 million. During the same period in the previous year, the business posted $1.92 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that J&J Snack Foods Corp. will post 5.21 earnings per share for the current year.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction dated Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Gerald B. Shreiber sold 20,000 shares of the business’s stock in a transaction that occurred on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Mary Lou Kehoe sold 1,500 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total value of $254,385.00. Following the transaction, the vice president now directly owns 742 shares in the company, valued at $125,835.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.

Institutional Investors Weigh In On J&J Snack Foods

Large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its holdings in J&J Snack Foods by 130.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock valued at $87,003,000 after buying an additional 303,673 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of J&J Snack Foods by 22.4% in the first 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. Allspring Global Investments Holdings LLC raised its stake in shares of J&J Snack Foods by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company’s stock valued at $253,702,000 after purchasing an additional 89,160 shares in the last quarter. Vanguard Group Inc. lifted its position in J&J Snack Foods by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in J&J Snack Foods by 16.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 223,242 shares of the company’s stock valued at $36,248,000 after buying an additional 31,897 shares during the period. 76.04% of the stock is currently owned by institutional investors.

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.