J & J Snack Foods Corp (NASDAQ:JJSF) – Research analysts at Jefferies Financial Group dropped their FY2020 EPS estimates for J & J Snack Foods in a report issued on Wednesday, July 29th. Jefferies Financial Group analyst R. Dickerson now forecasts that the company will post earnings of $0.97 per share for the year, down from their previous estimate of $1.25. Jefferies Financial Group has a “Hold” rating and a $137.00 price target on the stock. Jefferies Financial Group also issued estimates for J & J Snack Foods’ Q4 2020 earnings at ($0.01) EPS, Q3 2021 earnings at $1.02 EPS, Q4 2021 earnings at $1.12 EPS and Q3 2022 earnings at $1.18 EPS.
J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, July 27th. The company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.29). J & J Snack Foods had a net margin of 3.49% and a return on equity of 5.16%. The business had revenue of $214.60 million for the quarter, compared to analyst estimates of $186.07 million. During the same period in the prior year, the business earned $1.63 earnings per share. The company’s revenue for the quarter was down 34.4% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the company. ValuEngine raised J & J Snack Foods from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Zacks Investment Research cut J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Saturday. BidaskClub cut J & J Snack Foods from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, CL King raised J & J Snack Foods from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $162.00.
JJSF stock opened at $123.13 on Friday. The business has a fifty day moving average price of $125.89 and a 200 day moving average price of $140.22. J & J Snack Foods has a fifty-two week low of $105.67 and a fifty-two week high of $196.84. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 62.82 and a beta of 0.58.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 15th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.87%. J & J Snack Foods’s dividend payout ratio (DPR) is presently 46.46%.
In related news, SVP Gerard Garfield Law sold 10,000 shares of J & J Snack Foods stock in a transaction on Friday, May 29th. The stock was sold at an average price of $127.47, for a total transaction of $1,274,700.00. Following the completion of the sale, the senior vice president now directly owns 11,002 shares of the company’s stock, valued at $1,402,424.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 21.00% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its stake in shares of J & J Snack Foods by 9.6% during the second quarter. Comerica Bank now owns 16,722 shares of the company’s stock worth $2,145,000 after purchasing an additional 1,459 shares during the period. Copeland Capital Management LLC lifted its holdings in J & J Snack Foods by 14.4% during the second quarter. Copeland Capital Management LLC now owns 217,486 shares of the company’s stock worth $27,650,000 after acquiring an additional 27,425 shares in the last quarter. Duality Advisers LP bought a new position in J & J Snack Foods during the second quarter worth about $407,000. Costello Asset Management INC bought a new position in J & J Snack Foods during the second quarter worth about $727,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in J & J Snack Foods by 61.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,767 shares of the company’s stock worth $225,000 after acquiring an additional 674 shares in the last quarter. 74.79% of the stock is owned by institutional investors and hedge funds.
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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