J&J Snack Foods Corp. Forecasted to Post FY2016 Earnings of $4.20 Per Share (JJSF)
J&J Snack Foods Corp. (NASDAQ:JJSF) – DA Davidson issued their FY2016 earnings per share (EPS) estimates for J&J Snack Foods Corp. in a research note issued on Tuesday. DA Davidson analyst E. Gottlieb forecasts that the firm will post earnings of $4.20 per share for the year. DA Davidson currently has a “Buy” rating and a $135.00 target price on the stock. DA Davidson also issued estimates for J&J Snack Foods Corp.’s Q4 2016 earnings at $1.25 EPS, Q1 2017 earnings at $0.68 EPS, Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $4.40 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.38 EPS and FY2018 earnings at $4.65 EPS.
Several other research analysts have also recently issued reports on the stock. KeyCorp assumed coverage on shares of J&J Snack Foods Corp. in a report on Monday, August 22nd. They issued a “sector weight” rating for the company. Zacks Investment Research cut shares of J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Jefferies Group lifted their target price on shares of J&J Snack Foods Corp. from $108.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th.
Shares of J&J Snack Foods Corp. (NASDAQ:JJSF) traded down 1.10% on Friday, reaching $118.15. 17,380 shares of the company’s stock traded hands. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 29.54 and a beta of 0.64. The firm’s 50-day moving average is $120.48 and its 200-day moving average is $113.13. J&J Snack Foods Corp. has a 52-week low of $97.73 and a 52-week high of $125.62.
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J&J Snack Foods Corp. (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.06. J&J Snack Foods Corp. had a net margin of 7.54% and a return on equity of 12.31%. The firm earned $278 million during the quarter, compared to the consensus estimate of $284.82 million. During the same period last year, the firm earned $1.30 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 1.31%. J&J Snack Foods Corp.’s payout ratio is 39.20%.
In other news, insider Dennis G. Moore sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $122.46, for a total transaction of $918,450.00. Following the completion of the transaction, the insider now directly owns 75,501 shares of the company’s stock, valued at $9,245,852.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerard Garfield Law sold 1,724 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $121.46, for a total transaction of $209,397.04. Following the transaction, the insider now directly owns 21,906 shares of the company’s stock, valued at $2,660,702.76. The disclosure for this sale can be found here. Insiders own 21.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in J&J Snack Foods Corp. by 14.4% in the second quarter. Macquarie Group Ltd. now owns 586,464 shares of the company’s stock valued at $69,948,000 after buying an additional 73,827 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of J&J Snack Foods Corp. during the second quarter worth approximately $343,000. Schwab Charles Investment Management Inc. boosted its stake in shares of J&J Snack Foods Corp. by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 63,277 shares of the company’s stock worth $7,548,000 after buying an additional 812 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of J&J Snack Foods Corp. during the second quarter worth approximately $210,000. Finally, Fiera Capital Corp acquired a new stake in shares of J&J Snack Foods Corp. during the second quarter worth approximately $9,393,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
J&J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
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