J&J Snack Foods Corp. (NASDAQ:JJSF) Sees Significant Decrease in Short Interest

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

Wall Street Analyst Weigh In

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

Insider Transactions at J&J Snack Foods

In other 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 shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.20% of the company’s stock.

Institutional Investors Weigh In On J&J Snack Foods

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after buying an additional 314 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of J&J Snack Foods by 39,000.0% in the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock valued at $63,000 after buying an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of J&J Snack Foods in the second quarter valued at approximately $76,000. Covestor Ltd boosted its holdings in J&J Snack Foods by 54,200.0% during the first quarter. Covestor Ltd now owns 543 shares of the company’s stock worth $78,000 after purchasing an additional 542 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in J&J Snack Foods during the second quarter worth $114,000. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Performance

JJSF stock opened at $165.38 on Tuesday. The stock has a market cap of $3.21 billion, a P/E ratio of 37.16 and a beta of 0.63. The firm has a 50 day simple moving average of $168.41 and a 200 day simple moving average of $166.50. J&J Snack Foods has a 52 week low of $133.23 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm had revenue of $426.76 million during the quarter, compared to analyst estimates of $428.33 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. J&J Snack Foods’s quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts predict that J&J Snack Foods will post 6.05 EPS for the current year.

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.