Jefferies analyst Akshay Jagdale reiterated a Hold rating on J & J Snack Foods (NASDAQ: JJSF) today and set a price target of $125. The company’s shares closed yesterday at $132.48.
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 5.5% and a 52.3% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.
J & J Snack Foods has an analyst consensus of Hold, with a price target consensus of $125.
Based on J & J Snack Foods’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $247 million and quarterly net profit of $15.99 million. In comparison, last year the company earned revenue of $230 million and had a net profit of $15.59 million.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock.
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J&J Snack Foods Corp. manufactures nutritional snack foods and distributes frozen beverages which it markets nationally to the food service and retail supermarket industries. It operates through the following segment: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment engages soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods. The Retail Supermarkets segment engages soft pretzel products including superpretzel, frozen juice treats and desserts, including LUIGI’S Real Italian Ice, minute maid Juice Bars and Soft Frozen Lemonade, whole fruit frozen fruit bars and sorbet, ICEE squeeze-up tubes, dough enrobed handheld products, including patio burritos. The Frozen Beverages segment sells to the food service industry primarily under the brand names ICEE, SLUSH PUPPIE and PARROT ICE in the United States, Mexico and Canada. The company was founded by Gerald B. Shreiber on September 27, 1971 and is headquartered in Pennsauken, NJ.