Analysts Expect J & J Snack Foods (JJSF) to Post $1.01 EPS

J & J Snack Foods (NASDAQ:JJSF) has received a consensus broker rating score of 2.00 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a 12-month consensus target price 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 175 out of 265 based on the ratings given to its competitors.

JJSF has been the subject of several research analyst reports. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. BidaskClub cut J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. KeyCorp initiated coverage on J & J Snack Foods in a research note on Wednesday, March 28th. They issued a “sector weight” rating for the company. Finally, Jefferies Group restated a “hold” rating and issued a $135.00 price objective on shares of J & J Snack Foods in a research note on Tuesday, January 30th.

J & J Snack Foods stock traded down $0.51 during midday trading on Friday, reaching $139.94. The company’s stock had a trading volume of 8,333 shares, compared to its average volume of 74,201. J & J Snack Foods has a 52-week low of $124.10 and a 52-week high of $157.33. The stock has a market cap of $2,620.03, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly 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 net margin of 9.07% and a return on equity of 11.79%. The business had revenue of $265.20 million during the quarter, compared to analysts’ expectations of $253.95 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. equities research analysts predict that J & J Snack Foods will post 4.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Thursday, March 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, March 14th. J & J Snack Foods’s payout ratio is 42.76%.

In other news, insider Robert M. Radano sold 5,250 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.34, for a total value of $731,535.00. Following the completion of the transaction, the insider now directly owns 99,872 shares in the company, valued at $13,916,164.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 21.00% of the company’s stock.

Several large investors have recently made changes to their positions in JJSF. Shelton Capital Management acquired a new stake in J & J Snack Foods during the fourth quarter worth about $204,000. CIBC Asset Management Inc acquired a new stake in J & J Snack Foods during the fourth quarter worth about $207,000. Bruderman Asset Management LLC acquired a new stake in J & J Snack Foods during the fourth quarter worth about $216,000. Teton Advisors Inc. acquired a new stake in J & J Snack Foods during the fourth quarter worth about $228,000. Finally, Two Sigma Advisers LP acquired a new stake in J & J Snack Foods during the fourth quarter worth about $235,000. Hedge funds and other institutional investors own 69.04% of the company’s stock.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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