J & J Snack Foods Corp (NASDAQ:JJSF) has been assigned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. J & J Snack Foods’ rating score has improved by 25% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 12-month consensus price objective of $155.00 for the company and are anticipating that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods an industry rank of 178 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group set a $125.00 price target on J & J Snack Foods and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, CL King assumed coverage on J & J Snack Foods in a report on Tuesday. They issued a “buy” rating on the stock.
Shares of J & J Snack Foods (JJSF) traded up $1.75 during mid-day trading on Wednesday, reaching $152.87. The company’s stock had a trading volume of 63,300 shares, compared to its average volume of 63,469. J & J Snack Foods has a fifty-two week low of $121.20 and a fifty-two week high of $156.32. The stock has a market capitalization of $2,820.51, a P/E ratio of 35.98 and a beta of 0.81.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $316.73 million for the quarter, compared to the consensus estimate of $287.91 million. During the same period in the prior year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. research analysts expect that J & J Snack Foods will post 4.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, December 12th. J & J Snack Foods’s dividend payout ratio is presently 42.86%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its holdings in J & J Snack Foods by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the company’s stock worth $466,000 after purchasing an additional 120 shares during the period. Sei Investments Co. increased its holdings in J & J Snack Foods by 18.6% during the 2nd quarter. Sei Investments Co. now owns 25,448 shares of the company’s stock worth $3,361,000 after purchasing an additional 3,996 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in J & J Snack Foods by 6.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,644 shares of the company’s stock worth $11,708,000 after purchasing an additional 5,433 shares during the period. SG Americas Securities LLC purchased a new position in J & J Snack Foods during the 2nd quarter worth $709,000. Finally, Legal & General Group Plc increased its holdings in J & J Snack Foods by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 28,892 shares of the company’s stock worth $3,818,000 after purchasing an additional 2,474 shares during the period. Hedge funds and other institutional investors own 68.67% of the company’s stock.
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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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