J&J Snack Foods Corp. stock trades under the ticker JJSF & has shown recent bullishness that traders & investors should take a closer look into.
JJSF stock closed at $158.55/share on Friday 4/1/2022.
J&J Snack Foods Corp. JJSF Stock’s Technicals Broken Down
JJSF Stock Price: $158.55
10 Day Moving Average: $154.50
50 Day Moving Average: $154.85
200 Day Moving Average: $155.76
RSI: 56.4
MACD: -0.268
On Friday, JJSF stock completed a bullish MACD crossover, while breaking out above all of its major moving averages.
Their trading volume in 2022 has been about average compared to the prior year.
Given their RSI is still in the 50’s, there looks to be more short-term momentum to come in the next few weeks.
JJSF stock needs to test & pass through the $158.94, $159.23 & $159.42/share resistance levels.
J&J Snack Foods JJSF Stock As A Long-Term Investment
Long-term oriented investors may find JJSF stock’s valuation metrics to be a tad rich, with a P/E (ttm) of 45.3 & a P/B (mrq) of 3.48.
They recent reported Quarterly Earnings Growth Y-o-Y of 523.8%, with Quarterly Revenue Growth Y-o-Y of 32.2%.
JJSF stock’s balance sheet looks appealing, with Total Cash (mrq) of $273.97M & Total Debt (mrq) of $59.98M.
They offer a 1.6% dividend yield, but their payout ratio is 72.8% which signals that their yield may be unsustainable in the long-term.
77.5% of JJSF stock’s outstanding share float is held by institutional investors.
J&J Snack Foods Corp. JJSF Stock As A Short-Term Trade Using Options
Traders interested in the short-term can use options to profit from JJSF stock’s movement in any direction, while also hedging against broader market volatility.
I am looking at the contracts with the 5/20/2022 expiration date.
The $150 & $155 calls look interesting, although they are very illiquid.
There is currently no open interest on the contracts that are at or in-the-money for JJSF stock, although they could become more liquid in the coming weeks after the 4/14 expiration date passes.
Tying It All Together
Overall, JJSF stock is worth taking a closer look at for traders & investors.
Investors will like their balance sheet, but will want to research their dividend’s sustainability further.
Traders will like their current momentum, but will be disappointed in the liquidity of their options contracts.
*** I DO NOT OWN SHARES OF JJSF STOCK ***