J&J Snack Foods (NASDAQ:JJSF) Given Buy Rating at Benchmark

Benchmark reissued their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a report published on Friday,Benzinga reports. The firm currently has a $200.00 target price on the stock.

J&J Snack Foods Stock Down 2.8 %

Shares of JJSF stock traded down $4.73 during trading hours on Friday, reaching $161.77. The company had a trading volume of 157,774 shares, compared to its average volume of 86,848. The stock’s fifty day simple moving average is $168.39 and its 200 day simple moving average is $165.90. The company has a market capitalization of $3.14 billion, a P/E ratio of 36.35 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27. J&J Snack Foods has a twelve month low of $133.23 and a twelve month high of $180.80.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 22.20% of the company’s stock.

Institutional Trading of J&J Snack Foods

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after acquiring an additional 314 shares during the last quarter. Blue Trust Inc. lifted its holdings in J&J Snack Foods by 39,000.0% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after buying an additional 390 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of J&J Snack Foods in the 2nd quarter valued at approximately $76,000. Covestor Ltd raised its position in shares of J&J Snack Foods by 54,200.0% during the 1st quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after acquiring an additional 542 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in J&J Snack Foods during the second quarter worth $114,000. Institutional investors and hedge funds own 76.04% 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 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.