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Jefferies analyst Scott Marks upgrades J&J Snack Foods (NASDAQ:JJSF) from Hold to Buy and raises the price target from $81 to $101.
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The J.M. Smucker Company reported a 7% decline in Sweet Baked Snacks sales in Q1 fiscal 2027, but Donettes brand showed double-digit growth driven by expanded distribution and innovation. Flowers Foods' Wonder cake gained market share despite a 4% overall sales decline, while J&J Snack Foods faced a 6.2% sales drop with bakery weakness, though retail segment grew 1.7%.
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