William Blair Weighs in on J & J Snack Foods Corp.’s FY2017 Earnings (JJSF)
J & J Snack Foods Corp. (NASDAQ:JJSF) – Research analysts at William Blair increased their FY2017 EPS estimates for J & J Snack Foods Corp. in a report released on Monday. William Blair analyst J. Andersen now expects that the company will post earnings of $4.16 per share for the year, up from their previous estimate of $4.14.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
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J & J Snack Foods Corp. (NASDAQ JJSF) opened at 131.55 on Thursday. The company has a market capitalization of $2.46 billion, a PE ratio of 32.81 and a beta of 0.75. The firm has a 50-day moving average of $129.73 and a 200 day moving average of $131.10. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21.
J & J Snack Foods Corp. (NASDAQ:JJSF) last released its quarterly earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.15). The company had revenue of $295.40 million during the quarter, compared to the consensus estimate 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 firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share.
J & J Snack Foods Corp. declared that its Board of Directors has authorized a share repurchase program on Friday, August 4th that permits the company to buyback 500,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Thursday, September 14th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio is presently 41.90%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in J & J Snack Foods Corp. by 18.3% during the third quarter. First Trust Advisors LP now owns 25,895 shares of the company’s stock worth $3,400,000 after buying an additional 4,002 shares during the last quarter. Nationwide Fund Advisors raised its stake in J & J Snack Foods Corp. by 4.1% during the third quarter. Nationwide Fund Advisors now owns 91,208 shares of the company’s stock worth $11,976,000 after buying an additional 3,560 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in J & J Snack Foods Corp. during the third quarter worth $3,475,000. 1st Global Advisors Inc. raised its stake in J & J Snack Foods Corp. by 1.3% during the second quarter. 1st Global Advisors Inc. now owns 3,003 shares of the company’s stock worth $397,000 after buying an additional 39 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in J & J Snack Foods Corp. during the second quarter worth $428,000. 67.23% 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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