Jefferies Group Equities Analysts Boost Earnings Estimates for J & J Snack Foods Corp. (JJSF)
J & J Snack Foods Corp. (NASDAQ:JJSF) – Research analysts at Jefferies Group increased their Q2 2018 EPS estimates for shares of J & J Snack Foods Corp. in a report issued on Thursday. Jefferies Group analyst A. Jagdale now expects that the company will post earnings per share of $0.95 for the quarter, up from their prior estimate of $0.94. Jefferies Group currently has a “Hold” rating and a $130.00 target price on the stock. Jefferies Group also issued estimates for J & J Snack Foods Corp.’s Q4 2018 earnings at $1.29 EPS, FY2018 earnings at $4.50 EPS, Q1 2019 earnings at $0.82 EPS, Q4 2019 earnings at $1.38 EPS, FY2019 earnings at $4.76 EPS, FY2020 earnings at $5.05 EPS and FY2021 earnings at $5.37 EPS.
JJSF has been the subject of a number of other research reports. Zacks Investment Research lowered shares of J & J Snack Foods Corp. from a “hold” rating to a “sell” rating in a report on Saturday. BidaskClub upgraded shares of J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 24th.
J & J Snack Foods Corp. (NASDAQ:JJSF) opened at $144.03 on Friday. The stock has a market cap of $2,688.03, a P/E ratio of 34.29 and a beta of 0.75. J & J Snack Foods Corp. has a fifty-two week low of $119.75 and a fifty-two week high of $145.83.
J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its earnings results on Thursday, November 9th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The firm had revenue of $316.73 million during the quarter, compared to analysts’ expectations of $287.91 million. J & J Snack Foods Corp. had a net margin of 7.30% and a return on equity of 11.91%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 earnings per share.
J & J Snack Foods Corp. announced that its board has initiated a stock repurchase plan on Friday, August 4th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
A number of institutional investors have recently added to or reduced their stakes in the business. Benedict Financial Advisors Inc. grew its position in shares of J & J Snack Foods Corp. by 0.5% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 2,253 shares of the company’s stock worth $308,000 after buying an additional 11 shares during the period. Pinebridge Investments L.P. grew its position in shares of J & J Snack Foods Corp. by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,973 shares of the company’s stock worth $260,000 after buying an additional 21 shares during the period. 1st Global Advisors Inc. grew its position in shares of J & J Snack Foods Corp. by 1.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 3,003 shares of the company’s stock worth $397,000 after buying an additional 39 shares during the period. WCM Investment Management CA grew its position in J & J Snack Foods Corp. by 2.3% in the 2nd quarter. WCM Investment Management CA now owns 2,465 shares of the company’s stock valued at $326,000 after purchasing an additional 55 shares during the period. Finally, Texas Permanent School Fund grew its position in J & J Snack Foods Corp. by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 10,933 shares of the company’s stock valued at $1,444,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 67.48% of the company’s stock.
About J & J Snack Foods Corp.
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.
Receive News & Stock Ratings for J & J Snack Foods Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods Corp. and related stocks with our FREE daily email newsletter.