J & J Snack Foods Corp (NASDAQ:JJSF) has earned an average broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. J & J Snack Foods’ rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus price objective of $157.50 for the company and are predicting that the company will post $1.01 EPS for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods an industry rank of 131 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently commented on JJSF shares. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a research report on Saturday, February 3rd. CL King started coverage on shares of J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating on the stock. BidaskClub raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Jefferies Group set a $130.00 target price on shares of J & J Snack Foods and gave the stock a “hold” rating in a research report on Thursday, November 16th.
J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, January 29th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The firm had revenue of $265.20 million for the quarter, compared to analyst estimates of $253.95 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. analysts expect that J & J Snack Foods will post 4.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. J & J Snack Foods’s payout ratio is currently 33.21%.
Several hedge funds and other institutional investors have recently bought and sold shares of JJSF. New York State Common Retirement Fund lifted its position in shares of J & J Snack Foods by 11.1% during the second quarter. New York State Common Retirement Fund now owns 17,946 shares of the company’s stock worth $2,370,000 after purchasing an additional 1,799 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of J & J Snack Foods by 5.9% during the second quarter. UBS Asset Management Americas Inc. now owns 8,225 shares of the company’s stock worth $1,086,000 after purchasing an additional 461 shares in the last quarter. Northern Trust Corp raised its holdings in J & J Snack Foods by 2.9% in the second quarter. Northern Trust Corp now owns 229,246 shares of the company’s stock valued at $30,277,000 after acquiring an additional 6,426 shares in the last quarter. Vanguard Group Inc. raised its holdings in J & J Snack Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock valued at $201,656,000 after acquiring an additional 22,527 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in J & J Snack Foods by 1.9% in the second quarter. California Public Employees Retirement System now owns 21,100 shares of the company’s stock valued at $2,787,000 after acquiring an additional 400 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.
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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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