Analysts expect J&J Snack Foods Corp. (NASDAQ: JJSF) posted revenue of $ 286.55 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for J&J Snack Foods. The lowest sales estimate is $ 284.10 million and the highest is $ 289.00 million. J&J Snack Foods reported sales of $ 241.00 million in the same quarter last year, suggesting a positive year-over-year growth rate of 18.9%. The company is expected to announce its next quarterly results on Monday, January 24.
On average, analysts expect J&J Snack Foods to report annual revenue of $ 1.26 billion for the current year, with estimates ranging from $ 1.25 billion to $ 1 billion. , $ 27 billion. For the next fiscal year, analysts predict the company will post revenue of $ 1.29 billion, with estimates ranging from $ 1.29 billion to $ 1.30 billion. Zacks Investment Research sales averages are an average based on a survey of research analysts who cover J&J Snack Foods.
J&J Snack Foods (NASDAQ: JJSF) last released its quarterly earnings data on Monday, November 15. The company reported EPS of $ 0.99 for the quarter, missing Zacks’ consensus estimate of $ 1.28 ($ 0.29). J&J Snack Foods reported a return on equity of 6.85% and a net margin of 4.86%. The company posted revenue of $ 323.06 million in the quarter, compared to a consensus estimate of $ 313.30 million. During the same period of the previous year, the company posted EPS of $ 0.35. The company’s quarterly revenue increased 27.9% year-on-year.
A number of brokerages have commented on JJSF. Benchmark began covering J&J Snack Foods in a research note on Wednesday, December 8. They issued a “buy” note and a target price of $ 171.00 on the stock. Zacks Investment Research downgraded J&J Snack Foods from a “strong buy” rating to a “conservation” rating in a research note on Wednesday, November 3.
JJSF shares opened at $ 158.60 on Friday. J&J Snack Foods has a one-year low at $ 134.68 and a one-year high at $ 181.71. The company has a market cap of $ 3.03 billion, a price-to-earnings ratio of 54.69 and a beta of 0.62. The stock’s fifty-day simple moving average is $ 151.26 and its 200-day simple moving average is $ 158.93.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 11. Investors of record on Monday, December 20 will receive a dividend of $ 0.633 per share. The ex-dividend date for this dividend is Friday, December 17. This represents a dividend of $ 2.53 on an annualized basis and a return of 1.60%. J & J Snack Foods’ dividend payout ratio (DPR) is currently 87.24%.
In addition, Executive Vice-President Robert Joseph Pape sold 2,700 shares of the company in a transaction on Wednesday, November 24. The stock was sold for an average price of $ 148.78, for a total trade of $ 401,706.00. The sale was disclosed in a filing with the SEC, which is available at this link. Additionally, principal Marjorie Shreiber Roshkoff sold 773 shares of the company in a trade on Thursday, December 2. The stock was sold for an average price of $ 139.00, for a total value of $ 107,447.00. Disclosure of this sale can be found here. 20.00% of the shares are currently held by insiders of the company.
A number of hedge funds have recently increased or reduced their stakes in JJSF. Advisory Services Network LLC purchased a new position in J&J Snack Foods during the 2nd quarter for a value of approximately $ 29,000. CM Bidwell & Associates Ltd. purchased a new position in J&J Snack Foods shares in the third quarter valued at approximately $ 39,000. Point72 Hong Kong Ltd purchased a new position in J&J Snack Foods shares in the third quarter valued at approximately $ 40,000. IndexIQ Advisors LLC increased its holdings of J&J Snack Foods shares by 270.5% in the third quarter. IndexIQ Advisors LLC now owns 289 shares of the company valued at $ 44,000 after acquiring 211 additional shares in the last quarter. Finally, Liberty Wealth Management LLC increased its stake in J & J Snack Foods shares by 17,454.4% in the 2nd quarter. Liberty Wealth Management LLC now owns 10,006 shares of the company valued at $ 57,000 after acquiring an additional 9,949 shares during the last quarter. Hedge funds and other institutional investors hold 94.40% of the company’s shares.
J & J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures nutritional snack foods and distributes frozen beverages to the foodservice and retail supermarket sectors. It operates in the following segments: food service, retail supermarkets and frozen drinks. The foodservice segment includes soft pretzels, frozen juices and desserts, churros, dough coated hand products and baked goods.
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