The stock of J & J Snack Foods Corp (NASDAQ:JJSF) reached all time high today, Nov, 25 and still has $136.53 target or 8.00% above today’s $126.42 share price. This indicates more upside for the $2.35B company. This technical setup was reported by Barchart.com. If the $136.53 PT is reached, the company will be worth $188.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. 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 EPS, down 3.03% or $0.02 from last year’s $0.66 per share. JJSF’s profit will be $11.90 million for 49.38 P/E if the $0.64 EPS becomes a reality. After $1.10 actual EPS 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. The rating was initiated by DA Davidson with “Buy” on Wednesday, October 5. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Monday, August 22. As per Wednesday, July 27, the company rating was maintained by Jefferies. Jefferies initiated the shares of JJSF in a report on Wednesday, December 16 with “Hold” rating.
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 fall, 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.
Moreover, Goldman Sachs Group Inc has 0% invested in J & J Snack Foods Corp (NASDAQ:JJSF) for 15,253 shares. Da Davidson And Company last reported 0% of its portfolio in the stock. Moreover, William Harris Investors has 1.04% invested in J & J Snack Foods Corp (NASDAQ:JJSF) for 34,900 shares. The California-based Analytic Invsts Limited Liability has invested 0.03% in J & J Snack Foods Corp (NASDAQ:JJSF). Next Gru holds 100 shares or 0% of its portfolio. Principal Finance Group Inc Inc has invested 0.02% of its portfolio in J & J Snack Foods Corp (NASDAQ:JJSF). Kennedy Capital owns 23,535 shares or 0.06% of their US portfolio. Manning & Napier Ltd Liability last reported 16,701 shares in the company. Gsa Cap Prtn Limited Liability Partnership reported 3,403 shares or 0.02% of all its holdings. Los Angeles Capital Mngmt Equity Rech Incorporated holds 7,075 shares or 0.01% of its portfolio. Barclays Pcl has 10 shares for 0% of their US portfolio. Morgan Dempsey Capital Management Llc, a Wisconsin-based fund reported 87,805 shares. Moreover, Prudential Fincl has 0.01% invested in J & J Snack Foods Corp (NASDAQ:JJSF) for 48,158 shares. Rothschild Asset Management Incorporated last reported 0.21% of its portfolio in the stock. The North Carolina-based Natl Bank Of America Corporation De has invested 0% in J & J Snack Foods Corp (NASDAQ:JJSF).
Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 2 insider sales for $1.13 million net activity. On Monday, August 1 LAW GERARD GARFIELD sold $209,397 worth of the stock or 1,724 shares. MOORE DENNIS G sold $918,450 worth of stock.
More news for J & J Snack Foods Corp (NASDAQ:JJSF) were recently published by: Marketwatch.com, which released: “J&J Snack Foods started at sector weight at KeyBanc Capital” on April 21, 2011. Prnewswire.com‘s article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating J&J Snack …” and published on November 10, 2016 is yet another important article.
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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