News articles about J & J Snack Foods Corp. (NASDAQ:JJSF) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. J & J Snack Foods Corp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 86 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- See what the IHS Markit Score report has to say about J & J Snack Foods Corp. (finance.yahoo.com)
- Neuberger Berman Group LLC Modifies Its Ownership in J & J Snack Foods Corp. (JJSF) Stock (modernreaders.com)
- J & J Snack Foods Corp. (NASDAQ:JJSF) to Buyback 500000 Stock (expressnewsline.com)
- Analysts Anticipate J & J Snack Foods Corp. (JJSF) to Announce $1.28 Earnings Per Share (americanbankingnews.com)
- J & J Snack Foods Corp. (JJSF) to Buyback 500,000 Outstanding Stock (americanbankingnews.com)
JJSF has been the topic of several research reports. BidaskClub raised J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research lowered J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th.
J & J Snack Foods Corp. (NASDAQ JJSF) traded down 0.19% during mid-day trading on Friday, hitting $128.02. The stock had a trading volume of 59,573 shares. The company has a market capitalization of $2.40 billion, a P/E ratio of 31.93 and a beta of 0.72. J & J Snack Foods Corp. has a 52 week low of $102.81 and a 52 week high of $143.21. The stock’s 50-day moving average is $130.92 and its 200 day moving average is $132.44.
J & J Snack Foods Corp. (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, July 24th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $297.83 million. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that J & J Snack Foods Corp. will post $4.19 earnings per share for the current fiscal year.
J & J Snack Foods Corp. declared that its board has authorized a share repurchase plan on Friday, August 4th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.31%. J & J Snack Foods Corp.’s payout ratio is currently 41.90%.
In related news, insider Robert Joseph Pape sold 3,000 shares of J & J Snack Foods Corp. stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $131.29, for a total value of $393,870.00. Following the completion of the transaction, the insider now directly owns 15,221 shares in the company, valued at approximately $1,998,365.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.00% of the stock is currently owned by insiders.
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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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