Wall Street analysts forecast that J & J Snack Foods (NASDAQ:JJSF) will report earnings per share (EPS) of $1.01 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for J & J Snack Foods’ earnings, with estimates ranging from $0.98 to $1.04. J & J Snack Foods posted earnings per share of $0.85 in the same quarter last year, which indicates a positive year-over-year growth rate of 18.8%. The business is expected to report its next earnings results after the market closes on Monday, April 30th.
On average, analysts expect that J & J Snack Foods will report full year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.00. For the next financial year, analysts expect that the company will report earnings of $5.37 per share, with EPS estimates ranging from $5.22 to $5.50. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, January 29th. The company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). The business had revenue of $265.20 million for the quarter, compared to the consensus estimate of $253.95 million. J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share.
JJSF has been the topic of a number of recent analyst reports. Jefferies Group reiterated a “hold” rating and set a $135.00 target price on shares of J & J Snack Foods in a research note on Tuesday, January 30th. BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a research note on Saturday, February 3rd. Finally, KeyCorp initiated coverage on J & J Snack Foods in a research note on Wednesday, March 28th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $145.50.
In related news, insider Robert M. Radano sold 5,250 shares of J & J Snack Foods stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $139.34, for a total value of $731,535.00. Following the completion of the sale, the insider now owns 99,872 shares of the company’s stock, valued at approximately $13,916,164.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 21.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Shelton Capital Management purchased a new stake in J & J Snack Foods in the 4th quarter worth about $204,000. CIBC Asset Management Inc purchased a new stake in J & J Snack Foods in the 4th quarter worth about $207,000. Bruderman Asset Management LLC purchased a new stake in J & J Snack Foods in the 4th quarter worth about $216,000. Teton Advisors Inc. purchased a new stake in J & J Snack Foods in the 4th quarter worth about $228,000. Finally, Two Sigma Advisers LP purchased a new stake in J & J Snack Foods in the 4th quarter worth about $235,000. 68.91% of the stock is owned by institutional investors.
NASDAQ JJSF opened at $143.99 on Monday. The firm has a market cap of $2,689.14, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.90 and a beta of 0.59. J & J Snack Foods has a one year low of $124.10 and a one year high of $157.33.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Investors of record on Thursday, March 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 14th. J & J Snack Foods’s dividend payout ratio (DPR) is currently 42.76%.
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J & J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
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