J&J Snack Foods Corp. (NASDAQ:JJSF) – DA Davidson issued their FY2016 EPS estimates for J&J Snack Foods Corp. in a report issued on Tuesday. DA Davidson analyst E. Gottlieb expects that the brokerage will post earnings of $4.20 per share for the year. DA Davidson currently has a “Buy” rating and a $135.00 price target on the stock. DA Davidson also issued estimates for J&J Snack Foods Corp.’s Q4 2016 earnings at $1.25 EPS, Q1 2017 earnings at $0.68 EPS, Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $4.40 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.38 EPS and FY2018 earnings at $4.65 EPS.

J&J Snack Foods Corp. (NASDAQ:JJSF) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The firm earned $278 million during the quarter, compared to analysts’ expectations of $284.82 million. J&J Snack Foods Corp. had a net margin of 7.54% and a return on equity of 12.31%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share.

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

Several other brokerages have also recently commented on JJSF. Zacks Investment Research raised shares of J&J Snack Foods Corp. from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Thursday, July 28th. KeyCorp assumed coverage on shares of J&J Snack Foods Corp. in a research note on Monday, August 22nd. They set a “sector weight” rating on the stock. Finally, Jefferies Group boosted their price objective on shares of J&J Snack Foods Corp. from $108.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, July 27th.

J&J Snack Foods Corp. (NASDAQ:JJSF) opened at 118.01 on Friday. J&J Snack Foods Corp. has a 52 week low of $97.73 and a 52 week high of $125.62. The company has a market cap of $2.20 billion, a PE ratio of 29.50 and a beta of 0.64. The firm’s 50-day moving average is $120.37 and its 200-day moving average is $113.22.

A number of hedge funds and other institutional investors have recently made changes to their positions in JJSF. Profund Advisors LLC raised 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 worth $327,000 after buying an additional 25 shares during the period. Benedict Financial Advisors Inc. increased its stake in 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 in the last quarter. PineBridge Investments L.P. increased its stake in 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 in the last quarter. Arizona State Retirement System increased its stake in 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 in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 1.32%. J&J Snack Foods Corp.’s dividend payout ratio is presently 39.20%.

J&J Snack Foods Corp. Company Profile

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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