J & J Snack Foods Corp. (JJSF) Given a $125.00 Price Target by Jefferies Group LLC Analysts

Jefferies Group LLC set a $125.00 target price on J & J Snack Foods Corp. (NASDAQ:JJSF) in a research note released on Sunday. The brokerage currently has a hold rating on the stock.

A number of other research firms have also recently commented on JJSF. BidaskClub upgraded J & J Snack Foods Corp. from a sell rating to a hold rating in a report on Monday, July 24th. Zacks Investment Research upgraded J & J Snack Foods Corp. from a sell rating to a hold rating in a report on Wednesday, October 4th.

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J & J Snack Foods Corp. declared that its board has approved a share repurchase program on Friday, August 4th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Thursday, September 14th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio is presently 41.90%.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in J & J Snack Foods Corp. by 136,379.7% during the first quarter. BlackRock Inc. now owns 1,798,803 shares of the company’s stock worth $243,846,000 after purchasing an additional 1,797,485 shares in the last quarter. Vanguard Group Inc. lifted its stake in J & J Snack Foods Corp. by 1.5% during the second quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock worth $201,656,000 after purchasing an additional 22,527 shares in the last quarter. Macquarie Group Ltd. lifted its stake in J & J Snack Foods Corp. by 11.3% during the second quarter. Macquarie Group Ltd. now owns 655,937 shares of the company’s stock worth $86,630,000 after purchasing an additional 66,474 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in J & J Snack Foods Corp. by 2.6% during the second quarter. Westwood Holdings Group Inc. now owns 480,929 shares of the company’s stock worth $63,463,000 after purchasing an additional 12,394 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in J & J Snack Foods Corp. by 128.9% during the second quarter. Janus Henderson Group PLC now owns 444,376 shares of the company’s stock worth $58,690,000 after purchasing an additional 250,275 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

J & J Snack Foods Corp. Company Profile

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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