J & J Snack Foods (NASDAQ:JJSF) issued its quarterly earnings results on Thursday. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.09), Briefing.com reports. The company had revenue of $311.87 million during the quarter, compared to analyst estimates of $309.50 million. J & J Snack Foods had a net margin of 7.84% and a return on equity of 11.65%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS.
NASDAQ JJSF traded down $9.65 during trading hours on Friday, hitting $180.93. 111,700 shares of the company’s stock were exchanged, compared to its average volume of 82,159. J & J Snack Foods has a 1-year low of $138.40 and a 1-year high of $196.84. The stock has a 50-day simple moving average of $191.62 and a 200 day simple moving average of $176.48. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 44.56 and a beta of 0.34.
JJSF has been the subject of several recent research reports. Zacks Investment Research raised J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a research note on Friday, August 2nd. ValuEngine cut J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Consumer Edge raised J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 9th. Finally, BidaskClub cut J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $176.50.
In other news, insider Dan Fachner sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $187.88, for a total value of $1,409,100.00. Following the transaction, the insider now owns 102,296 shares in the company, valued at $19,219,372.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.00% of the stock is owned by company insiders.
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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