William Blair analyst Jon Andersen has reiterated their bullish stance on JJSF stock, giving a Buy rating on May 7.
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Jon Andersen’s rating is based on several factors, including the positive outlook shared by J&J Snack Foods’ management during recent investor meetings. The company’s leadership, including CEO Dan Fachner and CFO Shawn Munsell, reaffirmed the strong fundamentals that were highlighted in their fiscal second-quarter conference call.
Additionally, Andersen sees potential for improvements in the company’s ICEE segment, which could drive future growth. The combination of management’s confidence and the opportunities for enhancement in key areas supports the Buy rating for J&J Snack Foods.
In another report released on May 7, Benchmark Co. also maintained a Buy rating on the stock with a $150.00 price target.