In a report released today, Akshay Jagdale from Jefferies maintained a Hold rating on J & J Snack Foods (NASDAQ: JJSF), with a price target of $135. The company’s shares closed yesterday at $137.41.
Jagdale commented:
“We remain on the sidelines owing mainly to the stock’s relatively rich valuation (~42% premium to smid-cap food peers) & recent ongoing margin degradation. To the latter point, while organic sales growth of 6% was impressive in 2Q, margins were lower than expected for the 5th consecutive quarter. We’d like to see a pathway to higher margins for us to get more constructive.”
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 4.9% and a 52.8% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Pilgrim’s Pride.
J & J Snack Foods has an analyst consensus of Hold, with a price target consensus of $135.
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J & J Snack Foods’ market cap is currently $2.57B and has a P/E ratio of 25.40. The company has a book value ratio of 3.6263.
Based on the recent corporate insider activity of 14 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 to the food service and retail supermarket industries. It operates through the following segment: Food Service, Retail Supermarkets, and Frozen Beverages.
