KeyBanc Reiterates a 'Buy' on J&J Snack Foods (JJSF); Valuation Sufficiently Attractive
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Price: $89.47 -1.69%
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc reiterates a 'Buy' on J&J Snack Foods (NASDAQ: JJSF) price target of $60.00.
Analyst, Akshay S. Jagdale, commented on Q3 results, saying the company topped consensus estimates by $.02, but misses their own estimate by $.01. Strong organic growth was fueled by its Food Service segment, however, SG&A leverage was light.
On outlook, Jagdale, said, "...we are decreasing our FY12 EPS estimate (from $2.87 to $2.82) and increasing our FY13 EPS estimate (from $3.01 to $3.04). Looking into FY13, we believe that the Company will continue to build on its strong sales momentum."
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 $53.39 yesterday.
Analyst, Akshay S. Jagdale, commented on Q3 results, saying the company topped consensus estimates by $.02, but misses their own estimate by $.01. Strong organic growth was fueled by its Food Service segment, however, SG&A leverage was light.
On outlook, Jagdale, said, "...we are decreasing our FY12 EPS estimate (from $2.87 to $2.82) and increasing our FY13 EPS estimate (from $3.01 to $3.04). Looking into FY13, we believe that the Company will continue to build on its strong sales momentum."
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 $53.39 yesterday.
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