Analysts predict that J & J Snack Foods Corp (NASDAQ:JJSF) will announce $283.15 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for J & J Snack Foods’ earnings. The lowest sales estimate is $283.00 million and the highest is $283.30 million. J & J Snack Foods reported sales of $271.61 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The firm is scheduled to report its next quarterly earnings results on Monday, January 27th.
According to Zacks, analysts expect that J & J Snack Foods will report full year sales of $1.22 billion for the current year. For the next year, analysts forecast that the company will post sales of $1.26 billion, with estimates ranging from $1.25 billion to $1.27 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.09). The company had revenue of $311.87 million during the quarter, compared to the consensus estimate of $309.50 million. J & J Snack Foods had a net margin of 7.99% and a return on equity of 11.75%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share.
A number of equities analysts recently issued reports on JJSF shares. Zacks Investment Research downgraded shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Thursday, December 12th. ValuEngine downgraded shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub downgraded shares of J & J Snack Foods from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, Consumer Edge downgraded shares of J & J Snack Foods from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $176.50.
In other J & J Snack Foods news, Director Sidney R. Brown sold 1,400 shares of J & J Snack Foods stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $185.90, for a total transaction of $260,260.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerald B. Shreiber sold 1,947 shares of J & J Snack Foods stock in a transaction on Thursday, November 21st. The stock was 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 insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its position in J & J Snack Foods by 3.3% in the second quarter. Invesco Ltd. now owns 178,883 shares of the company’s stock valued at $28,792,000 after buying an additional 5,734 shares during the last quarter. Strs Ohio raised its stake in J & J Snack Foods by 5.0% in the 2nd quarter. Strs Ohio now owns 2,100 shares of the company’s stock valued at $337,000 after purchasing an additional 100 shares during the last quarter. Vanguard Group Inc. raised its stake in J & J Snack Foods by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,767,892 shares of the company’s stock valued at $284,543,000 after purchasing an additional 20,498 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in J & J Snack Foods in the 2nd quarter valued at $225,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in J & J Snack Foods by 14.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,717 shares of the company’s stock valued at $2,691,000 after purchasing an additional 2,130 shares during the last quarter. 73.77% of the stock is owned by hedge funds and other institutional investors.
Shares of J & J Snack Foods stock traded down $0.37 during trading on Friday, hitting $182.09. The company’s stock had a trading volume of 1,416 shares, compared to its average volume of 81,855. The company has a fifty day simple moving average of $186.54 and a two-hundred day simple moving average of $181.24. The company has a market capitalization of $3.50 billion, a PE ratio of 36.79 and a beta of 0.32. J & J Snack Foods has a 52 week low of $138.40 and a 52 week high of $196.84.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.26%. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, December 19th. J & J Snack Foods’s payout ratio is presently 40.40%.
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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