Jefferies Group set a $130.00 price objective on J & J Snack Foods (NASDAQ:JJSF) in a report published on Thursday, November 16th. The brokerage currently has a hold rating on the stock. Jefferies Group also issued estimates for J & J Snack Foods’ Q2 2018 earnings at $0.95 EPS, Q4 2018 earnings at $1.29 EPS, FY2018 earnings at $4.50 EPS, Q1 2019 earnings at $0.82 EPS, Q4 2019 earnings at $1.38 EPS, FY2019 earnings at $4.76 EPS, FY2020 earnings at $5.05 EPS and FY2021 earnings at $5.37 EPS.
JJSF has been the subject of several other reports. Zacks Investment Research raised shares of J & J Snack Foods from a sell rating to a hold rating in a research report on Wednesday, October 4th. BidaskClub raised shares of J & J Snack Foods from a sell rating to a hold rating in a research report on Monday, July 24th.
J & J Snack Foods (NASDAQ:JJSF) traded up $1.16 during mid-day trading on Thursday, hitting $151.23. 40,489 shares of the company’s stock traded hands, compared to its average volume of 63,291. The stock has a market capitalization of $2,800.91, a price-to-earnings ratio of 35.73 and a beta of 0.81. J & J Snack Foods has a 1-year low of $120.97 and a 1-year high of $154.02.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Thursday, November 9th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The business had revenue of $316.73 million during the quarter, compared to analyst estimates of $287.91 million. J & J Snack Foods had a net margin of 7.30% and a return on equity of 11.91%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. sell-side analysts forecast that J & J Snack Foods will post 4.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 13th will be given a $0.45 dividend. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 12th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 40.00%.
Several institutional investors have recently made changes to their positions in JJSF. Janus Henderson Group PLC raised its position in shares of J & J Snack Foods by 128.9% in the 2nd quarter. Janus Henderson Group PLC now owns 444,376 shares of the company’s stock valued at $58,690,000 after purchasing an additional 250,275 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of J & J Snack Foods by 11.3% in the 2nd quarter. Macquarie Group Ltd. now owns 655,937 shares of the company’s stock valued at $86,630,000 after purchasing an additional 66,474 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of J & J Snack Foods by 21.3% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock valued at $36,244,000 after purchasing an additional 48,273 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of J & J Snack Foods in the 3rd quarter valued at approximately $5,883,000. Finally, Renaissance Technologies LLC raised its position in shares of J & J Snack Foods by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 381,800 shares of the company’s stock valued at $50,424,000 after purchasing an additional 29,700 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.
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J & J Snack Foods 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.
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