J & J Snack Foods Corp. Expected to Post FY2017 Earnings of $4.16 Per Share (JJSF)

J & J Snack Foods Corp. (NASDAQ:JJSF) – William Blair increased their FY2017 earnings per share estimates for J & J Snack Foods Corp. in a report released on Monday, Zacks Investment Research reports. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $4.16 for the year, up from their prior estimate of $4.14.

Several other brokerages have also recently commented on JJSF. Jefferies Group LLC set a $125.00 target price on shares of J & J Snack Foods Corp. and gave the stock a “hold” rating in a report on Sunday, October 29th. BidaskClub raised shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research cut shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/11/j-j-snack-foods-corp-to-post-fy2017-earnings-of-4-16-per-share-william-blair-forecasts-jjsf.html.

Shares of J & J Snack Foods Corp. (NASDAQ JJSF) traded up $6.34 on Thursday, hitting $134.90. 129,000 shares of the stock traded hands, compared to its average volume of 63,146. J & J Snack Foods Corp. has a 12 month low of $114.69 and a 12 month high of $143.21. The company has a market capitalization of $2,650.00, a PE ratio of 30.61 and a beta of 0.75.

J & J Snack Foods Corp. (NASDAQ:JJSF) last released its quarterly earnings results on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The firm had revenue of $316.73 million for the quarter, compared to analysts’ expectations of $287.91 million. J & J Snack Foods Corp. had a net margin of 7.30% and a return on equity of 12.02%. The business’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS.

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.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC boosted its position in J & J Snack Foods Corp. by 6.7% in the second quarter. Voya Investment Management LLC now owns 7,640 shares of the company’s stock valued at $1,009,000 after buying an additional 479 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in J & J Snack Foods Corp. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 440,420 shares of the company’s stock valued at $59,703,000 after buying an additional 1,274 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in J & J Snack Foods Corp. by 21.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after buying an additional 48,273 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in J & J Snack Foods Corp. by 59.3% in the second quarter. Virginia Retirement Systems ET AL now owns 12,900 shares of the company’s stock valued at $1,704,000 after buying an additional 4,800 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in J & J Snack Foods Corp. by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock valued at $201,656,000 after buying an additional 22,527 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

J & J Snack Foods Corp. Company Profile

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.

Get a free copy of the Zacks research report on J & J Snack Foods Corp. (JJSF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for J & J Snack Foods Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply