J&J Snack Foods Corp. (NASDAQ:JJSF) – Investment analysts at Jefferies Group lowered their Q1 2017 earnings estimates for J&J Snack Foods Corp. in a research note issued on Monday. Jefferies Group analyst A. Jagdale now anticipates that the brokerage will post earnings per share of $0.65 for the quarter, down from their prior estimate of $0.67. Jefferies Group has a “Hold” rating and a $115.00 price target on the stock. Jefferies Group also issued estimates for J&J Snack Foods Corp.’s Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $1.50 EPS, Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.27 EPS and FY2018 earnings at $4.52 EPS.

J&J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by $0.14. The firm earned $262.24 million during the quarter, compared to analyst estimates of $265.65 million. J&J Snack Foods Corp. had a return on equity of 12.25% and a net margin of 7.60%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS.

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

Several other equities analysts have also issued reports on JJSF. Zacks Investment Research raised J&J Snack Foods Corp. from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Thursday, July 28th. KeyCorp started coverage on J&J Snack Foods Corp. in a report on Monday, August 22nd. They issued a “sector weight” rating for the company. Finally, DA Davidson reiterated a “buy” rating and issued a $135.00 price objective on shares of J&J Snack Foods Corp. in a report on Wednesday, October 5th.

J&J Snack Foods Corp. (NASDAQ:JJSF) opened at 116.85 on Tuesday. The stock has a 50 day moving average of $118.82 and a 200-day moving average of $115.58. J&J Snack Foods Corp. has a 12 month low of $97.73 and a 12 month high of $125.18. The firm has a market cap of $2.18 billion, a P/E ratio of 28.85 and a beta of 0.63.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in J&J Snack Foods Corp. by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,340,147 shares of the company’s stock valued at $159,839,000 after buying an additional 38,820 shares during the last quarter. BlackRock Fund Advisors increased its stake in J&J Snack Foods Corp. by 8.7% in the third quarter. BlackRock Fund Advisors now owns 1,029,998 shares of the company’s stock valued at $122,693,000 after buying an additional 82,349 shares during the last quarter. Macquarie Group Ltd. increased its stake in J&J Snack Foods Corp. by 14.4% in the second quarter. Macquarie Group Ltd. now owns 586,464 shares of the company’s stock valued at $69,948,000 after buying an additional 73,827 shares during the last quarter. JPMorgan Chase & Co. increased its stake in J&J Snack Foods Corp. by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 469,432 shares of the company’s stock valued at $55,989,000 after buying an additional 6,773 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in J&J Snack Foods Corp. by 16.0% in the first quarter. Renaissance Technologies LLC now owns 451,550 shares of the company’s stock valued at $48,894,000 after buying an additional 62,400 shares during the last quarter. Institutional investors own 70.32% of the company’s stock.

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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