Why is J & J Snack Foods stock climbing today?
J & J Snack Foods (JJSF) rose about 0.9% pre-open after reporting fiscal Q3 results. Adjusted EPS was $1.96 vs $1.80 expected. Revenue was $426M vs $439.5M, down 6.2% YoY. Gross margin rose 240 bps to 35.5% on Project Apollo cost savings; the savings target was raised to $25M and about 136,000 shares were repurchased. Jefferies upgraded to Buy and lifted its price target to $101 from $81.





