Equities analysts forecast that J & J Snack Foods Corp (NASDAQ:JJSF) will report $252.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for J & J Snack Foods’ earnings, with the lowest sales estimate coming in at $251.50 million and the highest estimate coming in at $254.00 million. J & J Snack Foods reported sales of $225.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The firm is expected to report its next earnings results on Monday, January 22nd.
On average, analysts expect that J & J Snack Foods will report full year sales of $252.75 million for the current year, with estimates ranging from $1.11 billion to $1.13 billion. For the next financial year, analysts expect that the company will post sales of $1.16 billion per share, with estimates ranging from $1.14 billion to $1.18 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. J & J Snack Foods had a net margin of 7.30% and a return on equity of 11.91%. The company had revenue of $316.73 million during the quarter, compared to analyst estimates of $287.91 million. During the same period in the prior year, the business posted $1.10 earnings per share. J & J Snack Foods’s revenue for the quarter was up 20.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in JJSF. Janus Henderson Group PLC increased its stake in shares of J & J Snack Foods by 128.9% during the second quarter. Janus Henderson Group PLC now owns 444,376 shares of the company’s stock valued at $58,690,000 after purchasing an additional 250,275 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of J & J Snack Foods by 11.3% during the second quarter. Macquarie Group Ltd. now owns 655,937 shares of the company’s stock valued at $86,630,000 after purchasing an additional 66,474 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of J & J Snack Foods by 21.3% during the second quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after purchasing an additional 48,273 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of J & J Snack Foods during the third quarter valued at approximately $5,883,000. Finally, Renaissance Technologies LLC increased its stake in shares of J & J Snack Foods by 8.4% during the second quarter. Renaissance Technologies LLC now owns 381,800 shares of the company’s stock valued at $50,424,000 after purchasing an additional 29,700 shares in the last quarter. 68.67% of the stock is owned by institutional investors and hedge funds.
J & J Snack Foods (JJSF) opened at $148.30 on Friday. J & J Snack Foods has a one year low of $121.20 and a one year high of $157.33. The stock has a market cap of $2,756.97, a PE ratio of 35.31 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.45 per share. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. J & J Snack Foods’s dividend payout ratio (DPR) is currently 42.86%.
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J & J Snack Foods 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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