Jefferies analyst Akshay Jagdale maintained a Hold rating on J & J Snack Foods (JJSF) today and set a price target of $135. The company’s shares closed on Friday at $154.92.
Jagdale commented:
“4Q18 EBIT missed our & street estimates by 11% & 8%, as cost inflation, manufacturing inefficiencies and a slowdown in organic sales growth continued to negatively impact margins.”
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 3.3% and a 52.6% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Pilgrim’s Pride.
Currently, the analyst consensus on J & J Snack Foods is a Hold with an average price target of $135.
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Based on J & J Snack Foods’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $23.39 million. In comparison, last year the company had a net profit of $24.34 million.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Gerald Shreiber, the President & CEO of JJSF bought 20,000 shares for a total of $683,400.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
