KeyBanc Starts J&J Snack Foods (JJSF) at Sector Weight

August 22, 2016 7:01 AM EDT
Get Alerts JJSF Hot Sheet
Price: $119.13 +0.80%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 31
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KeyBanc initiated coverage on J&J Snack Foods (NASDAQ: JJSF) with a Sector Weight rating. Analyst Brett Andress sees the stock as fairly valued.

"While JJSF is a best-inclass operator with MSD organic top-line growth potential, margin expansion opportunities, a clean balance sheet (zero debt, $12.75 per share in cash), and disciplined capital allocation philosophy (buying niche undervalued/turnaround assets), we believe the stock is fairly valued at ~13.0x our FY17E EBITDA ahead of what should be a year of below-average sales growth, with limited visibility into earnings upside and capital deployment (nine quarters without M&A, longest since FY10). We would look for a more attractive entry point for new money," said Andress.

For an analyst ratings summary and ratings history on J&J Snack Foods click here. For more ratings news on J&J Snack Foods click here.

Shares of J&J Snack Foods closed at $122.39 yesterday.

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