Jefferies Financial Group Has Lowered Expectations for J&J Snack Foods (NASDAQ:JJSF) Stock Price

J&J Snack Foods (NASDAQ:JJSF) had its price target reduced by Jefferies Financial Group from $175.00 to $135.00 in a research report sent to investors on Tuesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Separately, Benchmark restated a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Trading Down 0.7 %

Shares of JJSF opened at $123.96 on Tuesday. The business’s 50 day moving average is $142.85 and its 200 day moving average is $159.86. The company has a market capitalization of $2.42 billion, a PE ratio of 28.56 and a beta of 0.64. J&J Snack Foods has a 12-month low of $116.60 and a 12-month high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Equities research analysts predict that J&J Snack Foods will post 5.13 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is presently 71.89%.

Hedge Funds Weigh In On J&J Snack Foods

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock valued at $50,000 after buying an additional 198 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of J&J Snack Foods in the 4th quarter worth approximately $55,000. Blue Trust Inc. boosted its holdings in shares of J&J Snack Foods by 39,000.0% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after purchasing an additional 390 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of J&J Snack Foods in the 4th quarter worth approximately $74,000. Finally, Huntington National Bank boosted its holdings in shares of J&J Snack Foods by 25.4% in the 4th quarter. Huntington National Bank now owns 513 shares of the company’s stock worth $80,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

About J&J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.