J&J Snack Foods (NASDAQ:JJSF) Reaches New 52-Week High – Should You Buy?

J&J Snack Foods Corp. (NASDAQ:JJSF) reached a new 52-week high on Wednesday . The company traded as high as $178.38 and last traded at $178.38, with a volume of 6761 shares changing hands. The stock had previously closed at $169.43.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research report on Tuesday, October 29th.

J&J Snack Foods Price Performance

The company has a market cap of $3.48 billion, a price-to-earnings ratio of 37.65 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 2.27. The company’s 50 day moving average price is $167.69 and its 200 day moving average price is $164.30.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.01). J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The firm had revenue of $439.96 million for the quarter, compared to analyst estimates of $440.92 million. During the same period in the previous year, the business posted $1.92 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that J&J Snack Foods Corp. will post 5.21 earnings per share for the current fiscal year.

Insider Activity at J&J Snack Foods

In other J&J Snack Foods news, VP Mary Lou Kehoe sold 1,500 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the transaction, the vice president now owns 742 shares of the company’s stock, valued at approximately $125,835.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Mary Lou Kehoe sold 1,500 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the sale, the vice president now owns 742 shares in the company, valued at $125,835.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gerald B. Shreiber sold 20,000 shares of the company’s stock in a transaction dated Saturday, August 31st. The shares were sold at an average price of $167.95, for a total transaction of $3,359,000.00. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.

Institutional Investors Weigh In On J&J Snack Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JJSF. Vanguard Group Inc. raised its holdings in shares of 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 valued at $236,544,000 after purchasing an additional 71,378 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in J&J Snack Foods by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after purchasing an additional 57,887 shares during the period. Westwood Holdings Group Inc. grew its position in J&J Snack Foods by 22.4% during the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock worth $78,488,000 after buying an additional 99,264 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of J&J Snack Foods by 130.8% in the second quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock worth $87,003,000 after purchasing an additional 303,673 shares during the period. Finally, Geneva Capital Management LLC raised its position in shares of J&J Snack Foods by 1.4% in the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock valued at $90,649,000 after buying an additional 7,283 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Company Profile

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.