Zacks: J & J Snack Foods Corp (JJSF) Given Consensus Rating of “Buy” by Analysts

J & J Snack Foods Corp (NASDAQ:JJSF) has received an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. J & J Snack Foods’ rating score has improved by 25% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokers have set a one year consensus target price of $155.00 for the company and are predicting that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also given J & J Snack Foods an industry rank of 156 out of 265 based on the ratings given to related companies.

A number of research analysts recently issued reports on the company. BidaskClub downgraded J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. CL King assumed coverage on J & J Snack Foods in a research note on Tuesday, December 19th. They set a “buy” rating on the stock. Zacks Investment Research downgraded J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th. Finally, Jefferies Group set a $130.00 target price on J & J Snack Foods and gave the company a “hold” rating in a research note on Thursday, November 16th.

Several hedge funds have recently made changes to their positions in JJSF. Janus Henderson Group PLC grew its stake in shares of J & J Snack Foods by 128.9% in the 2nd 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 during the last quarter. Macquarie Group Ltd. grew its stake in shares of J & J Snack Foods by 11.3% in the 2nd 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 during the last quarter. WINTON GROUP Ltd purchased a new position in shares of J & J Snack Foods in the 3rd quarter valued at approximately $5,883,000. Renaissance Technologies LLC grew its stake in shares of J & J Snack Foods by 8.4% in the 2nd 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 during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of J & J Snack Foods in the 3rd quarter valued at approximately $3,475,000. Institutional investors own 68.73% of the company’s stock.

J & J Snack Foods (NASDAQ:JJSF) opened at $153.80 on Monday. The stock has a market capitalization of $2,871.02, a P/E ratio of 36.62 and a beta of 0.81. J & J Snack Foods has a 12 month low of $121.20 and a 12 month high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The firm had revenue of $316.73 million for the quarter, compared to the consensus estimate of $287.91 million. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. analysts forecast that J & J Snack Foods will post 4.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th were paid a $0.45 dividend. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, December 12th. J & J Snack Foods’s dividend payout ratio (DPR) is 42.86%.

TRADEMARK VIOLATION NOTICE: “Zacks: J & J Snack Foods Corp (JJSF) Given Consensus Rating of “Buy” by Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/22/zacks-j-j-snack-foods-corp-jjsf-given-consensus-rating-of-buy-by-analysts.html.

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.

Get a free copy of the Zacks research report on J & J Snack Foods (JJSF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply