J & J Snack Foods price target lowered to $200 from $205 at Benchmark

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.