NEW YORK ( TheStreet) -- J&J Snack Foods Corp (Nasdaq: JJSF) hit a new 52-week high Thursday as it is currently trading at $51.95, above its previous 52-week high of $51.84 with 5,983 shares traded as of 10:39 a.m. ET. Average volume has been 54,800 shares over the past 30 days.

J&J Snack has a market cap of $960.6 million and is part of the consumer goods sector and food & beverage industry. Shares are up 6.8% year to date as of the close of trading on Wednesday.

J&J Snack Foods Corp., together with its subsidiaries, manufactures nutritional snack foods, as well as distributes frozen beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company has a P/E ratio of 20.1, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates J&J Snack as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full J&J Snack Ratings Report.

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