Short Interest in J&J Snack Foods Corp. (NASDAQ:JJSF) Decreases By 9.7%

J&J Snack Foods Corp. (NASDAQ:JJSF) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 620,500 shares, a drop of 9.7% from the October 15th total of 686,900 shares. Based on an average daily volume of 71,100 shares, the days-to-cover ratio is currently 8.7 days. Approximately 4.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a report on Friday.

J&J Snack Foods Stock Performance

NASDAQ JJSF traded up $3.61 on Monday, hitting $165.38. The stock had a trading volume of 64,742 shares, compared to its average volume of 86,749. The firm has a 50-day moving average of $168.39 and a 200-day moving average of $166.31. J&J Snack Foods has a 52-week low of $133.23 and a 52-week high of $180.80. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 36.35 and a beta of 0.63.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.25). The business had revenue of $426.76 million for the quarter, compared to the consensus estimate of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. J&J Snack Foods’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 EPS. As a group, research analysts anticipate that J&J Snack Foods will post 6.05 earnings per share for the current fiscal year.

Insider Transactions at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 22.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Swiss National Bank grew its stake 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 buying an additional 200 shares in the last quarter. Blair William & Co. IL grew its position in J&J Snack Foods by 17.5% in the first quarter. Blair William & Co. IL now owns 7,913 shares of the company’s stock worth $1,144,000 after acquiring an additional 1,178 shares in the last quarter. Nicolet Advisory Services LLC bought a new position in J&J Snack Foods in the first quarter valued at $220,000. Vanguard Group Inc. lifted its position in J&J Snack Foods by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after buying an additional 71,378 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in J&J Snack Foods in the first quarter worth approximately $3,197,000. 76.04% of the stock is currently owned by 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.