Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $138.50.
Several equities research analysts have weighed in on JJSF shares. BidaskClub cut J & J Snack Foods from a “sell” rating to a “strong sell” rating in a research note on Thursday. ValuEngine upgraded J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Zacks Investment Research cut J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Paradigm Asset Management Co. LLC bought a new position in shares of J & J Snack Foods during the 2nd quarter worth approximately $153,000. JS Capital Management LLC bought a new position in shares of J & J Snack Foods during the 1st quarter worth approximately $218,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of J & J Snack Foods by 61.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,767 shares of the company’s stock worth $225,000 after buying an additional 674 shares in the last quarter. Diversified Trust Co bought a new position in shares of J & J Snack Foods during the 3rd quarter worth approximately $238,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of J & J Snack Foods during the 2nd quarter worth approximately $242,000. Institutional investors own 75.12% of the company’s stock.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.29). The company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $186.07 million. J & J Snack Foods had a net margin of 3.49% and a return on equity of 5.16%. The company’s quarterly revenue was down 34.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share. On average, equities research analysts expect that J & J Snack Foods will post 0.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 29th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, September 28th. J & J Snack Foods’s payout ratio is 46.46%.
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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