William Blair analyst Jon Andersen has maintained their bullish stance on JJSF stock, giving a Buy rating on April 24.
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Jon Andersen has given his Buy rating due to a combination of factors including the company’s potential for a rebound in the latter half of the year. Despite the mixed earnings quality in the second quarter, with lower-than-expected sales and gross margins, management’s confidence in improved theater traffic and pricing strategies suggests a positive outlook.
Furthermore, while the EBITDA figures fell short of expectations, the anticipated recovery in the company’s performance is a key driver for the Buy rating. Andersen’s analysis indicates that the strategic initiatives planned by J & J Snack Foods could lead to enhanced financial results, making the stock an attractive investment opportunity.
In another report released on April 24, Benchmark Co. also maintained a Buy rating on the stock with a $165.00 price target.