Jefferies Financial Group Cuts J&J Snack Foods (NASDAQ:JJSF) Price Target to $135.00

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

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

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $123.96 on Tuesday. J&J Snack Foods has a one year low of $116.60 and a one year high of $180.80. The stock has a market capitalization of $2.42 billion, a PE ratio of 28.56 and a beta of 0.64. The business’s fifty day moving average is $142.85 and its 200 day moving average is $159.86.

J&J Snack Foods (NASDAQ:JJSF) last posted 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 net margin of 5.31% and a return on equity of 9.84%. As a group, sell-side analysts expect that J&J Snack Foods will post 5.13 EPS for the current fiscal year.

J&J Snack Foods Announces Dividend

The company also recently announced 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 2.52%. The ex-dividend date of this dividend is Tuesday, March 18th. J&J Snack Foods’s dividend payout ratio is 71.89%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JJSF. Norges Bank bought a new position in shares of J&J Snack Foods in the fourth quarter worth about $28,647,000. Thrivent Financial for Lutherans raised its stake in shares of J&J Snack Foods by 19.9% in the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after buying an additional 106,817 shares during the period. Susquehanna International Group LLP raised its stake in shares of J&J Snack Foods by 45,128.9% in the fourth quarter. Susquehanna International Group LLP now owns 34,222 shares of the company’s stock worth $5,309,000 after buying an additional 34,298 shares during the period. JPMorgan Chase & Co. raised its stake in shares of J&J Snack Foods by 60.6% in the fourth quarter. JPMorgan Chase & Co. now owns 71,571 shares of the company’s stock worth $11,103,000 after buying an additional 26,999 shares during the period. Finally, Barclays PLC raised its stake in shares of J&J Snack Foods by 434.0% in the third quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after buying an additional 24,435 shares during the period. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Company Profile

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.