J & J Snack Foods price target lowered to $130 from $150 at Benchmark

Benchmark lowered the firm’s price target on J & J Snack Foods to $130 from $150 and keeps a Buy rating on the shares following fiscal Q4 results that reflected modestly softer revenue that were more than offset by better-than-expected profitability performance. The firm is now using a lower target multiple applied to its initial FY27 AEBITDA estimate of $213M to arrive at its lowered price target the analyst explains.