J&J Snack Foods Corp. (NASDAQ:JJSF) – Analysts at DA Davidson issued their FY2016 EPS estimates for shares of J&J Snack Foods Corp. in a research note issued to investors on Tuesday. DA Davidson analyst E. Gottlieb anticipates that the firm will post earnings per share of $4.20 for the year. DA Davidson has a “Buy” rating and a $135.00 price target on the stock. DA Davidson also issued estimates for J&J Snack Foods Corp.’s Q4 2016 earnings at $1.25 EPS, Q1 2017 earnings at $0.68 EPS, Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $4.40 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.38 EPS and FY2018 earnings at $4.65 EPS.
A number of other research firms have also recently issued reports on JJSF. Jefferies Group lifted their price objective on J&J Snack Foods Corp. from $108.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, July 27th. KeyCorp started coverage on J&J Snack Foods Corp. in a research report on Monday, August 22nd. They set a “sector weight” rating for the company. Finally, Zacks Investment Research cut J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
J&J Snack Foods Corp. (NASDAQ:JJSF) opened at 118.01 on Friday. The stock has a 50 day moving average price of $120.37 and a 200 day moving average price of $113.22. J&J Snack Foods Corp. has a 12 month low of $97.73 and a 12 month high of $125.62. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 29.50 and a beta of 0.64.
J&J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. J&J Snack Foods Corp. had a return on equity of 12.31% and a net margin of 7.54%. The firm earned $278 million during the quarter, compared to analyst estimates of $284.82 million. During the same quarter last year, the firm earned $1.30 EPS. J&J Snack Foods Corp.’s quarterly revenue was down .3% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of J&J Snack Foods Corp. by 3.3% in the second quarter. Fisher Asset Management LLC now owns 60,359 shares of the company’s stock worth $7,282,000 after buying an additional 1,934 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in J&J Snack Foods Corp. by 83.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the company’s stock valued at $605,000 after buying an additional 2,305 shares in the last quarter. Barclays PLC acquired a new position in J&J Snack Foods Corp. during the first quarter valued at $380,000. Silvercrest Asset Management Group LLC boosted its position in J&J Snack Foods Corp. by 2.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 322,126 shares of the company’s stock valued at $34,880,000 after buying an additional 7,027 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in J&J Snack Foods Corp. during the first quarter valued at $261,000. 70.21% of the stock is owned by institutional investors.
In other J&J Snack Foods Corp. news, insider Gerard Garfield Law sold 1,724 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $121.46, for a total value of $209,397.04. Following the completion of the sale, the insider now owns 21,906 shares of the company’s stock, valued at $2,660,702.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dennis G. Moore sold 7,500 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $122.46, for a total value of $918,450.00. Following the completion of the sale, the insider now directly owns 75,501 shares of the company’s stock, valued at approximately $9,245,852.46. The disclosure for this sale can be found here. 21.00% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.32%. J&J Snack Foods Corp.’s dividend payout ratio is currently 39.20%.
J&J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
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