Shares of J & J Snack Foods Corp (NASDAQ:JJSF) have been assigned an average broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. J & J Snack Foods’ rating score has declined by 100% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price objective of $157.50 for the company and are expecting that the company will post $1.01 EPS for the current quarter, according to Zacks. Zacks has also given J & J Snack Foods an industry rank of 113 out of 265 based on the ratings given to its competitors.
A number of brokerages have issued reports on JJSF. BidaskClub upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research note on Saturday, February 3rd. Jefferies Group reiterated a “hold” rating and set a $135.00 price objective on shares of J & J Snack Foods in a research note on Tuesday, January 30th. Finally, CL King began coverage on shares of J & J Snack Foods in a research note on Tuesday, December 19th. They set a “buy” rating on the stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new stake in shares of J & J Snack Foods in the 4th quarter valued at approximately $240,000. MetLife Investment Advisors LLC acquired a new stake in shares of J & J Snack Foods in the 4th quarter valued at approximately $1,062,000. Vident Investment Advisory LLC acquired a new stake in shares of J & J Snack Foods in the 4th quarter valued at approximately $280,000. Millennium Management LLC acquired a new stake in shares of J & J Snack Foods in the 4th quarter valued at approximately $1,721,000. Finally, Flinton Capital Management LLC boosted its stake in shares of J & J Snack Foods by 22.7% in the 4th quarter. Flinton Capital Management LLC now owns 3,024 shares of the company’s stock valued at $459,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.
Shares of J & J Snack Foods (NASDAQ JJSF) opened at $141.80 on Friday. The stock has a market cap of $2,660.00, a PE ratio of 33.29 and a beta of 0.66. J & J Snack Foods has a one year low of $121.20 and a one year high of $157.33.
J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $265.20 million for the quarter, compared to analyst estimates of $253.95 million. J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. equities research analysts expect that J & J Snack Foods will post 4.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.27%. J & J Snack Foods’s payout ratio is 42.25%.
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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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