J&J Snack Foods (NASDAQ:JJSF) Price Target Cut to $135.00 by Analysts at Jefferies Financial Group

J&J Snack Foods (NASDAQ:JJSF) had its price objective 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 reissued a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Stock Down 0.5 %

Shares of NASDAQ JJSF opened at $124.18 on Tuesday. J&J Snack Foods has a twelve month low of $116.60 and a twelve month high of $180.80. The firm has a fifty day simple moving average of $144.62 and a 200 day simple moving average of $160.40. The company has a market capitalization of $2.42 billion, a PE ratio of 28.61 and a beta of 0.64.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. As a group, equities analysts expect that J&J Snack Foods will post 5.36 earnings per share for the current fiscal year.

J&J Snack Foods Dividend Announcement

The business 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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods’s payout ratio is 71.89%.

Institutional Investors Weigh In On J&J Snack Foods

A number of large investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its holdings in J&J Snack Foods by 4.1% in the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock worth $259,000 after purchasing an additional 61 shares during the period. Creative Planning grew its holdings in J&J Snack Foods by 1.9% in the third quarter. Creative Planning now owns 4,683 shares of the company’s stock worth $806,000 after purchasing an additional 86 shares during the period. Martingale Asset Management L P grew its holdings in J&J Snack Foods by 0.7% in the third quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock worth $2,428,000 after purchasing an additional 100 shares during the period. Summit Investment Advisors Inc. grew its holdings in J&J Snack Foods by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company’s stock worth $248,000 after purchasing an additional 101 shares during the period. Finally, Huntington National Bank grew its holdings in J&J Snack Foods by 25.4% in the fourth 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. 76.04% of the stock is currently owned by institutional investors and hedge funds.

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.