Zacks: J & J Snack Foods Corp (JJSF) Receives Consensus Rating of “” from Brokerages

J & J Snack Foods Corp (NASDAQ:JJSF) has been given a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 1 year consensus target price of $132.50 for the company and are anticipating that the company will post $0.89 earnings per share for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods Corp an industry rank of 167 out of 265 based on the ratings given to related companies.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered J & J Snack Foods Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. DA Davidson lowered J & J Snack Foods Corp from a “buy” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Wednesday, January 4th. They noted that the move was a valuation call.

In other news, insider Robert M. Radano sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $126.55, for a total value of $949,125.00. Following the completion of the sale, the insider now directly owns 94,425 shares in the company, valued at $11,949,483.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 21.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JJSF. Bruderman Asset Management LLC raised its stake 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. American International Group Inc. raised its stake in shares of J & J Snack Foods Corp by 0.3% in the third quarter. American International Group Inc. now owns 11,154 shares of the company’s stock worth $1,329,000 after buying an additional 29 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of J & J Snack Foods Corp by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,260 shares of the company’s stock worth $388,000 after buying an additional 50 shares during the last quarter. Benedict Financial Advisors Inc. raised its stake in shares of J & J Snack Foods Corp by 2.3% in the third quarter. Benedict Financial Advisors Inc. now owns 2,481 shares of the company’s stock worth $295,000 after buying an additional 56 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of J & J Snack Foods Corp by 1.5% in the third quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the company’s stock worth $786,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 68.27% of the company’s stock.

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Shares of J & J Snack Foods Corp (NASDAQ:JJSF) opened at 134.35 on Tuesday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 32.92 and a beta of 0.67. The firm’s 50-day moving average is $134.74 and its 200 day moving average is $128.21. J & J Snack Foods Corp has a 1-year low of $97.73 and a 1-year high of $143.21.

J & J Snack Foods Corp (NASDAQ:JJSF) last announced its earnings results on Monday, January 23rd. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.10. J & J Snack Foods Corp had a return on equity of 12.21% and a net margin of 7.69%. The company earned $225.60 million during the quarter, compared to analyst estimates of $224.97 million. During the same period last year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts expect that J & J Snack Foods Corp will post $4.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 6th. Stockholders of record on Wednesday, March 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.25%. J & J Snack Foods Corp’s dividend payout ratio (DPR) is presently 41.08%.

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.

5 Day Chart for NASDAQ:JJSF

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