The stock of J & J Snack Foods Corp (NASDAQ:JJSF) hit a new 52-week high and has $135.27 target or 7.00% above today’s $126.42 share price. The 5 months bullish chart indicates low risk for the $2.35 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $135.27 price target is reached, the company will be worth $164.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.59% or $1.98 during the last trading session, hitting $126.42. About 19,573 shares traded hands. J & J Snack Foods Corp (NASDAQ:JJSF) has risen 22.98% since April 22, 2016 and is uptrending. It has outperformed by 17.57% the S&P500.
Analysts await J & J Snack Foods Corp (NASDAQ:JJSF) to report earnings on January, 23. They expect $0.64 earnings per share, down 3.03% or $0.02 from last year’s $0.66 per share. JJSF’s profit will be $11.90M for 49.38 P/E if the $0.64 EPS becomes a reality. After $1.10 actual earnings per share reported by J & J Snack Foods Corp for the previous quarter, Wall Street now forecasts -41.82% negative EPS growth.
J & J Snack Foods Corp (NASDAQ:JJSF) Ratings Coverage
Out of 3 analysts covering J&J Snack Foods (NASDAQ:JJSF), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. J&J Snack Foods has been the topic of 4 analyst reports since December 16, 2015 according to StockzIntelligence Inc. Jefferies initiated J & J Snack Foods Corp (NASDAQ:JJSF) on Wednesday, December 16 with “Hold” rating. The stock of J & J Snack Foods Corp (NASDAQ:JJSF) earned “Buy” rating by DA Davidson on Wednesday, October 5. Jefferies maintained the stock with “Hold” rating in Wednesday, July 27 report. The stock of J & J Snack Foods Corp (NASDAQ:JJSF) has “Sector Weight” rating given on Monday, August 22 by KeyBanc Capital Markets.
According to Zacks Investment Research, “J & J Snack Foods Corp. manufactures nutritional snack foods which it markets nationally to the food service and retail supermarket industries. Its principal snack food products are soft pretzels marketed principally under the brand name SUPERPRETZEL. The Company also markets frozen beverages to the food service industry under the brand names ICEE and ARCTIC BLAST in the United States, Mexico and Canada. Other snack products include Italian ice and frozen juice treats and desserts, churros (a Hispanic pastry), funnel cake, popcorn and bakery products.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.25, from 1.24 in 2016Q1. The ratio worsened, as 13 funds sold all J & J Snack Foods Corp shares owned while 54 reduced positions. 17 funds bought stakes while 66 increased positions. They now own 12.70 million shares or 1.62% more from 12.50 million shares in 2016Q1.
Metropolitan Life has 0.01% invested in the company for 10,475 shares. Arcadia Invest Mngmt Mi has 0% invested in the company for 13 shares. Bnp Paribas Arbitrage Sa has 5,071 shares for 0% of their US portfolio. State Common Retirement Fund has 0% invested in the company for 14,600 shares. Comerica Bank & Trust last reported 0.02% of its portfolio in the stock. Ameriprise Fincl Incorporated has 0% invested in the company for 71,254 shares. Suntrust Banks has invested 0% of its portfolio in J & J Snack Foods Corp (NASDAQ:JJSF). Envestnet Asset Management last reported 4,389 shares in the company. The New York-based Renaissance Technologies Limited Liability has invested 0.08% in J & J Snack Foods Corp (NASDAQ:JJSF). Blackrock Advisors Limited Liability holds 7,045 shares or 0% of its portfolio. Principal accumulated 105,517 shares or 0.02% of the stock. Fmr Lc has 252,673 shares for 0% of their US portfolio. Ridgeworth Cap Mngmt Limited Liability Com accumulated 0.12% or 110,036 shares. Invesco has invested 0.01% of its portfolio in J & J Snack Foods Corp (NASDAQ:JJSF). Quantbot Lp accumulated 513 shares or 0.01% of the stock.
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.13 million net activity. LAW GERARD GARFIELD had sold 1,724 shares worth $209,397. $918,450 worth of shares were sold by MOORE DENNIS G on Friday, July 29.
More recent J & J Snack Foods Corp (NASDAQ:JJSF) news were published by: Marketwatch.com which released: “J&J Snack Foods started at sector weight at KeyBanc Capital” on April 21, 2011. Also Prnewswire.com published the news titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating J&J Snack …” on November 10, 2016. Philly.com‘s news article titled: “J&J Snack’s Gerald B. Shreiber makes a lot of dough” with publication date: June 24, 2016 was also an interesting one.
JJSF Company Profile
J & J Snack Foods Corp. (J & J), incorporated in 1971, makes nutritional snack foods and distributes frozen beverages. The Firm operates in three business divisions: Food Service, Retail Supermarkets and Frozen Beverages. It is a maker of soft pretzels in the United States, Mexico and Canada. The Firm sells other products, including soft drinks, funnel cakes under the FUNNEL CAKE FACTORY brand name and smaller amounts of various other food products. The Firm markets its products across the nation to the food service and retail supermarket industries.
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