Jefferies Financial Group Research Analysts Decrease Earnings Estimates for J & J Snack Foods Corp (NASDAQ:JJSF)

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J & J Snack Foods Corp (NASDAQ:JJSF) – Equities research analysts at Jefferies Financial Group cut their Q2 2020 EPS estimates for shares of J & J Snack Foods in a research note issued to investors on Wednesday, January 22nd. Jefferies Financial Group analyst A. Mago now forecasts that the company will earn $1.10 per share for the quarter, down from their prior estimate of $1.13. Jefferies Financial Group currently has a “Hold” rating and a $200.00 target price on the stock. Jefferies Financial Group also issued estimates for J & J Snack Foods’ Q4 2020 earnings at $1.51 EPS, FY2020 earnings at $5.25 EPS, Q1 2021 earnings at $1.05 EPS, Q2 2021 earnings at $1.18 EPS, Q3 2021 earnings at $1.77 EPS, Q4 2021 earnings at $1.50 EPS and FY2022 earnings at $5.75 EPS.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Thursday, November 7th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.09). J & J Snack Foods had a net margin of 7.99% and a return on equity of 11.75%. The business had revenue of $311.87 million for the quarter, compared to analyst estimates of $309.50 million. During the same period in the prior year, the company earned $1.24 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

Several other analysts have also commented on JJSF. BidaskClub raised shares of J & J Snack Foods from a “strong sell” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating and set a $209.00 target price for the company in a research note on Saturday. Consumer Edge lowered shares of J & J Snack Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Finally, ValuEngine lowered shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. J & J Snack Foods presently has an average rating of “Hold” and an average target price of $204.50.

JJSF stock opened at $184.72 on Monday. J & J Snack Foods has a 12 month low of $138.40 and a 12 month high of $196.84. The firm has a market cap of $3.52 billion, a PE ratio of 36.94 and a beta of 0.32. The firm has a 50 day simple moving average of $185.27 and a 200 day simple moving average of $185.90.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, December 19th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.50. This represents a $2.30 annualized dividend and a yield of 1.25%. J & J Snack Foods’s dividend payout ratio is currently 46.46%.

In related news, Director Sidney R. Brown sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $185.90, for a total value of $260,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerald B. Shreiber sold 1,947 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $187.92, for a total transaction of $365,880.24. The disclosure for this sale can be found here. 21.00% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. CWM LLC lifted its position in shares of J & J Snack Foods by 3,221.7% in the 4th quarter. CWM LLC now owns 3,820 shares of the company’s stock valued at $704,000 after acquiring an additional 3,705 shares in the last quarter. Strs Ohio lifted its position in shares of J & J Snack Foods by 209.5% in the 4th quarter. Strs Ohio now owns 6,500 shares of the company’s stock valued at $1,197,000 after acquiring an additional 4,400 shares in the last quarter. Huntington National Bank lifted its position in shares of J & J Snack Foods by 7.1% in the 4th quarter. Huntington National Bank now owns 1,037 shares of the company’s stock valued at $191,000 after acquiring an additional 69 shares in the last quarter. D.B. Root & Company LLC lifted its position in shares of J & J Snack Foods by 2.5% in the 4th quarter. D.B. Root & Company LLC now owns 3,094 shares of the company’s stock valued at $570,000 after acquiring an additional 75 shares in the last quarter. Finally, 6 Meridian lifted its position in shares of J & J Snack Foods by 8.0% in the 4th quarter. 6 Meridian now owns 4,476 shares of the company’s stock valued at $825,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 73.56% of the company’s stock.

About J & J Snack Foods

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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Earnings History and Estimates for J & J Snack Foods (NASDAQ:JJSF)

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