Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokerages have set a 12 month consensus target price of $125.00 for the company and are expecting that the company will post $1.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods Corp. an industry rank of 94 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on the stock. BidaskClub lowered shares of J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th.
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Institutional investors have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new position in shares of J & J Snack Foods Corp. during the second quarter worth $130,000. Tower Research Capital LLC TRC lifted its holdings in shares of J & J Snack Foods Corp. by 158.8% during the first quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock worth $144,000 after purchasing an additional 651 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of J & J Snack Foods Corp. by 36.4% during the second quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock worth $198,000 after purchasing an additional 400 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of J & J Snack Foods Corp. by 4.6% during the first quarter. Victory Capital Management Inc. now owns 1,639 shares of the company’s stock worth $222,000 after purchasing an additional 72 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of J & J Snack Foods Corp. by 2,268.4% during the second quarter. Quantbot Technologies LP now owns 1,800 shares of the company’s stock worth $237,000 after purchasing an additional 1,724 shares during the period. Hedge funds and other institutional investors own 67.51% of the company’s stock.
Shares of J & J Snack Foods Corp. (JJSF) traded up 1.22% on Wednesday, hitting $132.25. The stock had a trading volume of 51,417 shares. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The firm has a market capitalization of $2.48 billion, a P/E ratio of 32.98 and a beta of 0.75. The company has a 50 day moving average of $129.30 and a 200-day moving average of $131.20.
J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its earnings results on Monday, July 24th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.15). J & J Snack Foods Corp. had a net margin of 7.33% and a return on equity of 11.55%. The company had revenue of $295.40 million during the quarter, compared to analyst estimates of $297.83 million. During the same quarter in the prior year, the business earned $1.43 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts predict that J & J Snack Foods Corp. will post $4.19 EPS for the current fiscal year.
J & J Snack Foods Corp. announced that its Board of Directors has authorized a share repurchase plan on Friday, August 4th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $1.68 dividend on an annualized basis and a yield of 1.27%. J & J Snack Foods Corp.’s dividend payout ratio is currently 41.90%.
About J & J Snack Foods Corp.
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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