Zacks: J & J Snack Foods Corp. (JJSF) Given $125.00 Average Target Price by Brokerages
Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. J & J Snack Foods Corp.’s rating score has improved by 14.2% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus price target of $125.00 for the company and are expecting that the company will post $1.24 EPS for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods Corp. an industry rank of 161 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently commented on the company. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th.
Several institutional investors have recently bought and sold shares of JJSF. Acrospire Investment Management LLC acquired a new position in J & J Snack Foods Corp. during the second quarter worth approximately $130,000. Tower Research Capital LLC TRC boosted its position in J & J Snack Foods Corp. by 158.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,061 shares of the company’s stock worth $144,000 after buying an additional 651 shares during the period. Ameritas Investment Partners Inc. acquired a new position in J & J Snack Foods Corp. during the first quarter worth approximately $176,000. Bank of Montreal Can boosted its position in J & J Snack Foods Corp. by 8.5% in the first quarter. Bank of Montreal Can now owns 1,319 shares of the company’s stock worth $179,000 after buying an additional 103 shares during the period. Finally, Harfst & Associates Inc. acquired a new position in J & J Snack Foods Corp. during the first quarter worth approximately $196,000. 67.78% of the stock is owned by institutional investors.
Shares of J & J Snack Foods Corp. (JJSF) traded down 0.42% during mid-day trading on Wednesday, hitting $124.78. 42,433 shares of the company were exchanged. The stock has a market cap of $2.34 billion, a PE ratio of 31.12 and a beta of 0.72. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The stock’s 50-day moving average price is $129.61 and its 200 day moving average price is $132.34.
J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 24th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by $0.15. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The business had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. During the same period last year, the firm posted $1.43 EPS. J & J Snack Foods Corp.’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that J & J Snack Foods Corp. will post $4.19 EPS for the current fiscal year.
J & J Snack Foods Corp. declared that its board has approved a share repurchase program on Friday, August 4th that allows the company to buyback 500,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.35%. J & J Snack Foods Corp.’s dividend payout ratio (DPR) is currently 41.90%.
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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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