Equities analysts forecast that J & J Snack Foods Corp. (NASDAQ:JJSF) will report sales of $252.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for J & J Snack Foods’ earnings, with the lowest sales estimate coming in at $251.50 million and the highest estimate coming in at $254.00 million. J & J Snack Foods posted sales of $225.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The firm is expected to issue its next earnings results on Monday, January 22nd.
On average, analysts expect that J & J Snack Foods will report full year sales of $252.75 million for the current year, with estimates ranging from $1.11 billion to $1.13 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.16 billion per share, with estimates ranging from $1.14 billion to $1.18 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Thursday, November 9th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The company had revenue of $316.73 million for the quarter, compared to analysts’ expectations of $287.91 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis.
JJSF has been the topic of a number of research analyst reports. Jefferies Group set a $130.00 price target on J & J Snack Foods and gave the stock a “hold” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th.
J & J Snack Foods (JJSF) traded up $1.19 during trading hours on Friday, reaching $150.58. The company’s stock had a trading volume of 47,722 shares, compared to its average volume of 63,077. J & J Snack Foods has a 1 year low of $121.20 and a 1 year high of $154.02. The firm has a market capitalization of $2,822.56, a price-to-earnings ratio of 36.01 and a beta of 0.81.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 13th will be issued a dividend of $0.45 per share. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 12th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 40.00%.
A number of large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC raised its holdings in J & J Snack Foods by 6.7% in the 2nd quarter. Voya Investment Management LLC now owns 7,640 shares of the company’s stock valued at $1,009,000 after acquiring an additional 479 shares in the last quarter. Aberdeen Asset Management PLC UK raised its holdings in 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 acquiring an additional 48,273 shares in the last quarter. Vanguard Group Inc. raised its holdings in J & J Snack Foods by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock valued at $201,656,000 after acquiring an additional 22,527 shares in the last quarter. Legato Capital Management LLC raised its holdings in J & J Snack Foods by 73.0% in the 3rd quarter. Legato Capital Management LLC now owns 5,711 shares of the company’s stock valued at $750,000 after acquiring an additional 2,409 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its holdings in J & J Snack Foods by 59.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 12,900 shares of the company’s stock valued at $1,704,000 after acquiring an additional 4,800 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
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About J & J Snack Foods
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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