J&J Snack Foods Corp. (NASDAQ:JJSF) – Equities researchers at William Blair lowered their FY2016 earnings estimates for shares of J&J Snack Foods Corp. in a report issued on Monday. William Blair analyst J. Andersen now forecasts that the firm will earn $4.14 per share for the year, down from their prior forecast of $4.15.

J&J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. J&J Snack Foods Corp. had a return on equity of 12.31% and a net margin of 7.54%. The firm had revenue of $278 million for the quarter, compared to analyst estimates of $284.82 million. During the same period in the prior year, the firm posted $1.30 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis.

Earnings History and Estimates for J&J Snack Foods Corp. (NASDAQ:JJSF)

Other research analysts have also recently issued research reports about the company. DA Davidson assumed coverage on J&J Snack Foods Corp. in a research report on Wednesday. They set a “buy” rating and a $135.00 target price on the stock. Jefferies Group lifted their target price on J&J Snack Foods Corp. from $108.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, July 27th. Zacks Investment Research cut J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, KeyCorp assumed coverage on J&J Snack Foods Corp. in a research report on Monday, August 22nd. They set a “sector weight” rating on the stock.

Shares of J&J Snack Foods Corp. (NASDAQ:JJSF) traded down 0.1585% on Thursday, reaching $119.5901. The company’s stock had a trading volume of 27,595 shares. J&J Snack Foods Corp. has a 52-week low of $97.73 and a 52-week high of $125.62. The stock has a market cap of $2.23 billion, a P/E ratio of 29.8975 and a beta of 0.64. The firm’s 50 day moving average is $120.56 and its 200-day moving average is $113.09.

Several hedge funds and other institutional investors have recently made changes to their positions in JJSF. Profund Advisors LLC boosted its position in shares of J&J Snack Foods Corp. by 0.9% in the second quarter. Profund Advisors LLC now owns 2,743 shares of the company’s stock valued at $327,000 after buying an additional 25 shares during the last quarter. Benedict Financial Advisors Inc. raised its stake in shares of J&J Snack Foods Corp. by 2.4% in the second quarter. Benedict Financial Advisors Inc. now owns 2,425 shares of the company’s stock worth $285,000 after buying an additional 56 shares during the period. PineBridge Investments L.P. raised its stake in shares of J&J Snack Foods Corp. by 3.4% in the second quarter. PineBridge Investments L.P. now owns 1,866 shares of the company’s stock worth $223,000 after buying an additional 62 shares during the period. Arizona State Retirement System raised its stake in shares of J&J Snack Foods Corp. by 1.3% in the second quarter. Arizona State Retirement System now owns 7,604 shares of the company’s stock worth $907,000 after buying an additional 100 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of J&J Snack Foods Corp. by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,475 shares of the company’s stock worth $1,249,000 after buying an additional 121 shares during the period. 70.21% of the stock is currently owned by institutional investors.

In related news, insider Dennis G. Moore sold 7,500 shares of J&J Snack Foods Corp. stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $122.46, for a total transaction of $918,450.00. Following the transaction, the insider now owns 75,501 shares of the company’s stock, valued at $9,245,852.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gerard Garfield Law sold 1,724 shares of J&J Snack Foods Corp. stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $121.46, for a total value of $209,397.04. Following the transaction, the insider now directly owns 21,906 shares in the company, valued at approximately $2,660,702.76. The disclosure for this sale can be found here. Corporate insiders own 21.00% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 1.30%. J&J Snack Foods Corp.’s payout ratio is 39.20%.

About J&J Snack Foods Corp.

J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.

5 Day Chart for NASDAQ:JJSF

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