Stock Story -
What Happened: Shares of snack food company J&J Snack Foods (NASDAQ:JJSF) jumped 15.2% in the morning session after the company reported first-quarter results, which blew past analysts' EPS expectations. Its revenue outperformed Wall Street's estimates as it produced higher sales volumes than anticipated. Specifically, its new churros product led the way with 24% year-on-year growth and now represents $30.8 million in revenue - a large chunk of this comes from its partnership with the fast-food restaurant chain Subway. Zooming out, we think this was an impressive quarter that should delight shareholders.
Is now the time to buy J&J Snack Foods? Find out by reading the original article on StockStory, it's free.
What is the market telling us: J&J Snack Foods's shares are not very volatile than the market average and over the last year have had only 2 moves greater than 5%. Moves this big are very rare for J&J Snack Foods and that is indicating to us that this news had a significant impact on the market's perception of the business.
J&J Snack Foods is down 5.4% since the beginning of the year, and at $159.92 per share it is trading 9.7% below its 52-week high of $177.17 from August 2023. Investors who bought $1,000 worth of J&J Snack Foods's shares 5 years ago would now be looking at an investment worth $995.48.
![J&J Snack Foods (JJSF) Stock Trades Up, Here Is Why](https://d68-invdn-com.investing.com/content/pic5b7259c5e09be68d4fb6c0981c3b7373.jpeg)