Wall Street brokerages predict that J & J Snack Foods Corp (NASDAQ:JJSF) will announce $311.45 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for J & J Snack Foods’ earnings. The highest sales estimate is $314.00 million and the lowest is $308.90 million. J & J Snack Foods reported sales of $300.72 million during the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The company is expected to issue its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that J & J Snack Foods will report full-year sales of $1.18 billion for the current financial year. For the next financial year, analysts expect that the business will report sales of $1.21 billion, with estimates ranging from $1.21 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.55 by $0.08. J & J Snack Foods had a return on equity of 11.65% and a net margin of 7.84%. The firm had revenue of $326.70 million during the quarter, compared to the consensus estimate of $311.67 million. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.
Shares of NASDAQ JJSF opened at $191.74 on Thursday. The stock has a fifty day simple moving average of $188.42 and a two-hundred day simple moving average of $166.65. J & J Snack Foods has a 1-year low of $138.40 and a 1-year high of $196.74. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 47.23 and a beta of 0.37.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. J & J Snack Foods’s dividend payout ratio is currently 49.26%.
In other news, insider Gerald B. Shreiber sold 25,000 shares of J & J Snack Foods stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $181.47, for a total value of $4,536,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Robert Joseph Pape sold 2,500 shares of J & J Snack Foods stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $185.90, for a total value of $464,750.00. Following the completion of the transaction, the senior vice president now owns 14,781 shares in the company, valued at approximately $2,747,787.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,000 shares of company stock worth $6,410,600. Company insiders own 21.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JJSF. Dimensional Fund Advisors LP boosted its position in shares of J & J Snack Foods by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 444,448 shares of the company’s stock worth $64,262,000 after acquiring an additional 8,403 shares during the last quarter. Geode Capital Management LLC lifted its holdings in J & J Snack Foods by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 171,253 shares of the company’s stock worth $24,761,000 after purchasing an additional 13,610 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in J & J Snack Foods by 633.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,468 shares of the company’s stock worth $551,000 after purchasing an additional 2,995 shares during the period. Rhumbline Advisers lifted its holdings in J & J Snack Foods by 2.1% in the first quarter. Rhumbline Advisers now owns 48,226 shares of the company’s stock worth $7,660,000 after purchasing an additional 977 shares during the period. Finally, Comerica Bank lifted its holdings in J & J Snack Foods by 2.0% in the first quarter. Comerica Bank now owns 15,668 shares of the company’s stock worth $2,439,000 after purchasing an additional 307 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.
J & J Snack Foods Company Profile
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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