Shares of J & J Snack Foods Corp (NASDAQ:JJSF) have been given an average broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. J & J Snack Foods’ rating score has declined by 100% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price target of $157.50 for the company and are anticipating that the company will post $1.01 earnings per share for the current quarter, according to Zacks. Zacks has also given J & J Snack Foods an industry rank of 129 out of 265 based on the ratings given to related companies.
Several equities research analysts have commented on JJSF shares. Jefferies Group set a $125.00 target price on shares of J & J Snack Foods and gave the stock a “hold” rating in a research report on Sunday, October 29th. Zacks Investment Research lowered shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. CL King started coverage on shares of J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating on the stock. Finally, BidaskClub lowered shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th.
Large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC acquired a new position in J & J Snack Foods in the 4th quarter valued at about $1,062,000. Vident Investment Advisory LLC acquired a new position in J & J Snack Foods in the 4th quarter valued at about $280,000. Millennium Management LLC acquired a new position in J & J Snack Foods in the 4th quarter valued at about $1,721,000. Flinton Capital Management LLC raised its stake in J & J Snack Foods by 22.7% in the 4th quarter. Flinton Capital Management LLC now owns 3,024 shares of the company’s stock valued at $459,000 after purchasing an additional 560 shares during the last quarter. Finally, Tyers Asset Management LLC raised its stake in J & J Snack Foods by 22.7% in the 4th quarter. Tyers Asset Management LLC now owns 2,376 shares of the company’s stock valued at $361,000 after purchasing an additional 440 shares during the last quarter. 68.46% of the stock is owned by institutional investors and hedge funds.
J & J Snack Foods (NASDAQ JJSF) traded up $0.32 during trading hours on Wednesday, reaching $139.10. 142,300 shares of the company were exchanged, compared to its average volume of 88,221. J & J Snack Foods has a 1 year low of $121.20 and a 1 year high of $157.33. The stock has a market cap of $2,598.18, a price-to-earnings ratio of 32.65 and a beta of 0.65.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The firm had revenue of $265.20 million during the quarter, compared to analysts’ expectations of $253.95 million. During the same quarter last year, the business earned $0.72 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. equities analysts forecast that J & J Snack Foods will post 4.93 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.29%. J & J Snack Foods’s payout ratio is currently 33.21%.
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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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