Analysts expect that J & J Snack Foods Corp (NASDAQ:JJSF) will report $310.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for J & J Snack Foods’ earnings. The lowest sales estimate is $308.90 million and the highest is $312.00 million. J & J Snack Foods reported sales of $300.72 million during the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The company is expected to issue its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that J & J Snack Foods will report full-year sales of $1.19 billion for the current fiscal year, with estimates ranging from $1.18 billion to $1.19 billion. For the next year, analysts anticipate that the company will report sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.08. J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $311.67 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.
Several equities analysts have recently weighed in on JJSF shares. BidaskClub upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Saturday, October 5th. Zacks Investment Research upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 target price for the company in a report on Friday, August 2nd. ValuEngine cut J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Consumer Edge upgraded J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $176.50.
In other news, insider Gerald B. Shreiber sold 25,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $181.47, for a total value of $4,536,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert Joseph Pape sold 2,500 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $185.90, for a total value of $464,750.00. Following the completion of the sale, the senior vice president now directly owns 14,781 shares of the company’s stock, valued at approximately $2,747,787.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,000 shares of company stock valued at $6,410,600. 21.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of J & J Snack Foods by 38.0% during the 1st quarter. Wells Fargo & Company MN now owns 407,241 shares of the company’s stock worth $64,687,000 after acquiring an additional 112,038 shares in the last quarter. BlackRock Inc. raised its holdings in J & J Snack Foods by 3.0% during the 2nd quarter. BlackRock Inc. now owns 2,238,141 shares of the company’s stock valued at $360,229,000 after buying an additional 64,779 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in J & J Snack Foods during the 2nd quarter valued at $10,243,000. Morgan Stanley raised its holdings in J & J Snack Foods by 64.3% during the 2nd quarter. Morgan Stanley now owns 123,343 shares of the company’s stock valued at $19,852,000 after buying an additional 48,273 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in J & J Snack Foods by 21.2% during the 2nd quarter. Copeland Capital Management LLC now owns 184,531 shares of the company’s stock valued at $29,701,000 after buying an additional 32,260 shares during the last quarter. 73.57% of the stock is owned by institutional investors.
NASDAQ JJSF traded up $1.09 during trading on Friday, hitting $193.07. The company had a trading volume of 718 shares, compared to its average volume of 119,178. J & J Snack Foods has a one year low of $138.40 and a one year high of $196.84. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 47.50 and a beta of 0.36. The company’s fifty day moving average is $191.79 and its 200-day moving average is $171.37.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $2.00 annualized dividend and a yield of 1.04%. J & J Snack Foods’s dividend payout ratio is presently 49.26%.
About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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