Benchmark analyst Todd Brooks lowered the firm’s price target on J & J Snack Foods to $200 from $205 and keeps a Buy rating on the shares. Given the strike-impacted nature of the Q2 film release slate and J & J’s exposure to the movie theatre channel, the firm is lowering its fiscal Q3 revenue, adjusted EBITDA, and EPS estimates to reflect softness in this channel.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JJSF: