J&J Snack Foods Corp. (NASDAQ:JJSF) – Research analysts at DA Davidson issued their FY2016 EPS estimates for shares of J&J Snack Foods Corp. in a note issued to investors on Tuesday. DA Davidson analyst E. Gottlieb anticipates that the brokerage will post earnings of $4.20 per share for the year. DA Davidson has a “Buy” rating and a $135.00 price objective on the stock. DA Davidson also issued estimates for J&J Snack Foods Corp.’s Q4 2016 earnings at $1.25 EPS, Q1 2017 earnings at $0.68 EPS, Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $4.40 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.38 EPS and FY2018 earnings at $4.65 EPS.
A number of other analysts have also issued reports on the company. KeyCorp started coverage on J&J Snack Foods Corp. in a report on Monday, August 22nd. They issued a “sector weight” rating for the company. Jefferies Group increased their target price on J&J Snack Foods Corp. from $108.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded J&J Snack Foods Corp. from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a report on Thursday, July 28th.
J&J Snack Foods Corp. (NASDAQ:JJSF) opened at 118.01 on Friday. The company has a 50-day moving average price of $120.37 and a 200-day moving average price of $113.22. J&J Snack Foods Corp. has a one year low of $97.73 and a one year high of $125.62. The stock has a market cap of $2.20 billion, a P/E ratio of 29.50 and a beta of 0.64.
J&J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 25th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The firm earned $278 million during the quarter, compared to the consensus estimate of $284.82 million. J&J Snack Foods Corp. had a return on equity of 12.31% and a net margin of 7.54%. J&J Snack Foods Corp.’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 1.32%. J&J Snack Foods Corp.’s dividend payout ratio is 39.20%.
In related news, insider Dennis G. Moore sold 7,500 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $122.46, for a total transaction of $918,450.00. Following the completion of the sale, the insider now directly owns 75,501 shares in the company, valued at $9,245,852.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gerard Garfield Law sold 1,724 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $121.46, for a total value of $209,397.04. Following the sale, the insider now owns 21,906 shares of the company’s stock, valued at $2,660,702.76. The disclosure for this sale can be found here. Corporate insiders own 21.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in J&J Snack Foods Corp. by 133.8% in the first quarter. BlackRock Inc. now owns 968 shares of the company’s stock valued at $104,000 after buying an additional 554 shares during the period. Bruderman Asset Management LLC raised its position in J&J Snack Foods Corp. by 75.1% in the second quarter. Bruderman Asset Management LLC now owns 1,140 shares of the company’s stock valued at $136,000 after buying an additional 489 shares during the period. Victory Capital Management Inc. raised its position in J&J Snack Foods Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,214 shares of the company’s stock valued at $145,000 after buying an additional 529 shares during the period. Invictus RG bought a new position in J&J Snack Foods Corp. during the second quarter valued at $147,000. Finally, Bank of Montreal Can bought a new position in J&J Snack Foods Corp. during the second quarter valued at $182,000. Institutional investors and hedge funds own 70.21% of the company’s stock.
J&J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.
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