Analysts Anticipate J & J Snack Foods Corp. (JJSF) to Announce $1.28 Earnings Per Share
Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. J & J Snack Foods Corp.’s rating score has improved by 14.2% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus target price of $125.00 for the company and are forecasting that the company will post $1.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods Corp. an industry rank of 158 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on the stock. BidaskClub raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th.
J & J Snack Foods Corp. (JJSF) traded down 0.59% on Tuesday, reaching $127.65. 478 shares of the company traded hands. The stock has a market capitalization of $2.39 billion, a PE ratio of 31.83 and a beta of 0.72. The firm has a 50 day moving average of $132.41 and a 200-day moving average of $132.57. J & J Snack Foods Corp. has a one year low of $102.81 and a one year high of $143.21.
J & J Snack Foods Corp. (NASDAQ:JJSF) last released its earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by $0.15. The firm had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. On average, analysts anticipate that J & J Snack Foods Corp. will post $4.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio is presently 41.90%.
J & J Snack Foods Corp. announced that its board has authorized a share repurchase plan on Friday, August 4th that permits the company to buyback 500,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
In other J & J Snack Foods Corp. news, insider Robert Joseph Pape sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $131.29, for a total transaction of $393,870.00. Following the completion of the sale, the insider now owns 15,221 shares of the company’s stock, valued at approximately $1,998,365.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in shares of J & J Snack Foods Corp. by 158.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock valued at $144,000 after buying an additional 651 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of J & J Snack Foods Corp. during the first quarter valued at approximately $176,000. Bank of Montreal Can increased its stake in shares of J & J Snack Foods Corp. by 8.5% in the first quarter. Bank of Montreal Can now owns 1,319 shares of the company’s stock valued at $179,000 after buying an additional 103 shares during the period. Harfst & Associates Inc. bought a new stake in shares of J & J Snack Foods Corp. during the first quarter valued at approximately $196,000. Finally, Bruderman Asset Management LLC increased its stake in shares of J & J Snack Foods Corp. by 6.6% in the first quarter. Bruderman Asset Management LLC now owns 1,543 shares of the company’s stock valued at $209,000 after buying an additional 96 shares during the period. 67.97% of the stock is owned by institutional investors and hedge funds.
J & J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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