J & J Snack Foods Corp. (JJSF) Given a $130.00 Price Target at Jefferies Group LLC

Jefferies Group LLC set a $130.00 price objective on J & J Snack Foods Corp. (NASDAQ:JJSF) in a research note issued to investors on Thursday morning. The firm currently has a hold rating on the stock. Jefferies Group also issued estimates for J & J Snack Foods Corp.’s Q2 2018 earnings at $0.95 EPS, Q4 2018 earnings at $1.29 EPS, FY2018 earnings at $4.50 EPS, Q1 2019 earnings at $0.82 EPS, Q4 2019 earnings at $1.38 EPS, FY2019 earnings at $4.76 EPS, FY2020 earnings at $5.05 EPS and FY2021 earnings at $5.37 EPS.

JJSF has been the topic of several other research reports. Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a sell rating to a hold rating in a research report on Wednesday, October 4th. BidaskClub upgraded shares of J & J Snack Foods Corp. from a sell rating to a hold rating in a research report on Monday, July 24th.

J & J Snack Foods Corp. (NASDAQ:JJSF) traded down $0.39 during midday trading on Thursday, reaching $144.03. 69,057 shares of the company’s stock traded hands, compared to its average volume of 63,247. The stock has a market cap of $2,660.00, a PE ratio of 33.44 and a beta of 0.75. J & J Snack Foods Corp. has a fifty-two week low of $119.75 and a fifty-two week high of $145.83.

J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its quarterly earnings data on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The firm had revenue of $316.73 million for the quarter, compared to analysts’ expectations of $287.91 million. J & J Snack Foods Corp. had a net margin of 7.30% and a return on equity of 11.91%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. equities research analysts forecast that J & J Snack Foods Corp. will post 4.48 earnings per share for the current fiscal year.

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J & J Snack Foods Corp. announced that its board has authorized a stock buyback plan on Friday, August 4th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Several institutional investors have recently bought and sold shares of JJSF. UBS Group AG raised its position in shares of J & J Snack Foods Corp. by 29.2% during the 1st quarter. UBS Group AG now owns 5,434 shares of the company’s stock valued at $737,000 after buying an additional 1,227 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of J & J Snack Foods Corp. by 9.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 83,211 shares of the company’s stock valued at $11,281,000 after purchasing an additional 7,236 shares during the last quarter. State Street Corp grew its holdings in shares of J & J Snack Foods Corp. by 7.1% during the 1st quarter. State Street Corp now owns 365,416 shares of the company’s stock valued at $49,534,000 after purchasing an additional 24,070 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of J & J Snack Foods Corp. by 5.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 5,050 shares of the company’s stock valued at $685,000 after purchasing an additional 250 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of J & J Snack Foods Corp. by 1,477.6% during the 2nd quarter. Creative Planning now owns 6,752 shares of the company’s stock valued at $892,000 after purchasing an additional 6,324 shares during the last quarter. Hedge funds and other institutional investors own 67.48% of the company’s stock.

About J & J Snack Foods Corp.

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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