Momentum stock Watch: J&J Snack Foods Corp. (JJSF)

Company Profile:

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks. Its principal snack food products are soft pretzels marketed primarily under brand names SUPERPRETZEL and BAVARIAN BAKERY; frozen juice treats and desserts marketed primarily under LUIGI’S, WHOLE FRUIT, ICEE, PHILLY SWIRL and MINUTE MAID brand names; churros marketed primarily under the TIO PEPE’S, CALIFORNIA CHURROS and OREO brand names, and bakery products sold primarily under the READI-BAKE, COUNTRY HOME, MARY B’S and DADDY RAY’S brand names, as well as for private label and contract packing. J&J Snack Foods Corp. was founded in 1971 and is headquartered in Pennsauken, New Jersey.

Recent News:

On August 17, 2017, the company announced the acquisition of Labriola Baking Company; a premium bakery of breads and artisan soft pretzels, located just outside Chicago in Alsip, IL.

Its Board of Directors has declared a regular quarterly cash dividend of $.42 per share of its common stock payable on October 4, 2017 to shareholders of record as of the close of business on September 14, 2017.

The company reported that sales for the third quarter increased 6% to $295.4 million from $278.0 million in last year’s third quarter. Net earnings decreased ­­6% to $25.3 million in the current quarter from $26.8 million last year.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

JJSF’s strengths can be seen in its better profitability and better efficiency compared with its peers. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator and RSI (14) stands at 53.19 with positive bias. We rate J&J Snack Foods Corp. (JJSF) a STRONG BUY.

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