Zacks: J & J Snack Foods Corp (JJSF) Given $132.50 Consensus Price Target by Brokerages
Shares of J & J Snack Foods Corp (NASDAQ:JJSF) have earned an average broker rating score of 0.00 () from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12 month consensus price target of $132.50 for the company and are forecasting that the company will post $0.89 EPS for the current quarter, according to Zacks. Zacks has also given J & J Snack Foods Corp an industry rank of 206 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently commented on JJSF. Zacks Investment Research raised shares of J & J Snack Foods Corp from a “sell” rating to a “hold” rating in a report on Thursday, December 15th. DA Davidson lowered shares of J & J Snack Foods Corp from a “buy” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Wednesday, January 4th. They noted that the move was a valuation call.
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J & J Snack Foods Corp (NASDAQ:JJSF) opened at 138.85 on Tuesday. J & J Snack Foods Corp has a 52 week low of $97.73 and a 52 week high of $139.54. The company has a market cap of $2.60 billion, a P/E ratio of 34.02 and a beta of 0.67. The company’s 50-day moving average is $131.28 and its 200-day moving average is $125.75.
J & J Snack Foods Corp (NASDAQ:JJSF) last posted its earnings results on Monday, January 23rd. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.10. The business had revenue of $225.60 million for the quarter, compared to analyst estimates of $224.97 million. J & J Snack Foods Corp had a net margin of 7.69% and a return on equity of 12.21%. J & J Snack Foods Corp’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts anticipate that J & J Snack Foods Corp will post $4.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Wednesday, March 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, March 13th. J & J Snack Foods Corp’s payout ratio is 41.08%.
In other news, insider Robert M. Radano sold 7,500 shares of the stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $126.55, for a total value of $949,125.00. Following the transaction, the insider now owns 94,425 shares of the company’s stock, valued at approximately $11,949,483.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 21.00% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of J & J Snack Foods Corp by 764.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 856 shares of the company’s stock worth $114,000 after buying an additional 757 shares during the last quarter. Bruderman Asset Management LLC raised its position in shares of J & J Snack Foods Corp by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 1,143 shares of the company’s stock worth $136,000 after buying an additional 3 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of J & J Snack Foods Corp by 32.2% in the third quarter. Victory Capital Management Inc. now owns 1,605 shares of the company’s stock worth $191,000 after buying an additional 391 shares during the last quarter. Teton Advisors Inc. bought a new position in shares of J & J Snack Foods Corp during the fourth quarter worth approximately $200,000. Finally, Tyers Asset Management LLC bought a new position in shares of J & J Snack Foods Corp during the fourth quarter worth approximately $214,000. 68.27% of the stock is currently owned by hedge funds and other institutional investors.
J & J Snack Foods Corp Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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