How Jefferies Currently Rates J&J Snack Foods (NASDAQ:JJSF)
Equity research analysts at Jefferies have begun coverage J&J Snack Foods (NASDAQ:JJSF) shares in analysts report distributed on 16 December, IR.net reports. The firm has set a “Hold” rating on JJSF stock.
Approximately 3,848 shares of stock traded hands. J & J Snack Foods Corp (NASDAQ:JJSF) has risen 7.17% since May 13, 2015 and is uptrending. It has outperformed by 9.80% the S&P500.
The overall sentiment of institutions has increased to 1.25 in Q2 2015. Its up 0.35, from 0.9 in 2015Q2. The ratio increased, as 11 institutions have sold all the shares of J & J Snack Foods Corp that they owned while 58 funds have taken shares off the table. 21 funds have purchased shares for the first time while 65 added to their positions. These institutions now hold 12.59 million shares or 2.05% less than the 12.85 million shares they owned in 2015Q2.
The Fund Morgan Dempsey Capital Management Llc currently is holding shares equating to 5.05% of its total portfolio in J & J Snack Foods Corp representing a total of 125,489 shares. Another fund,Ranger Investment Management L.P., is holding a total of 325,825 shares equating to 2.09% of their holdings. Additionally, Copeland Capital Management Llc has a 173,943 share stake in J & J Snack Foods Corp which represents 1.21% of their total portfolio. The Fund, Punch & Associates Investment Management Inc., based out of Minnesota, has also built up a stake in the stock, which represents a total of 0.74% of their total portfolio. Finally Washington Capital Management Inc, a fund which is based in the state of Washington reported a total holdings of 10,310 shares.
Insider activity is a very important aspect to track on any stock. Going back to July 30, 2015, shareholders of J & J Snack Foods Corp have witnessed 1 buying transaction, and a total of 1 insider sale equating to a net activity of approximately $581,224 . Shreiber Gerald B bought 481 shares worth approximately $54,233. Fachner Dan sold 5,545 shares worth approximately $635,457.
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. The company has a market cap of $2.14 billion. The Firm operates in three business divisions: Food Service, Retail Supermarkets and Frozen Beverages. It has 30.67 P/E ratio.
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.”