J&J Snack Foods (NASDAQ:JJSF) Announces Earnings Results

J&J Snack Foods (NASDAQ:JJSFGet Free Report) announced its quarterly earnings data on Thursday. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.04, Briefing.com reports. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The company had revenue of $443.90 million during the quarter, compared to analysts’ expectations of $421.06 million. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s revenue was up 10.9% on a year-over-year basis.

J&J Snack Foods Trading Down 1.1 %

NASDAQ:JJSF opened at $166.53 on Friday. The company has a fifty day moving average of $160.80 and a 200 day moving average of $160.42. J&J Snack Foods has a 52 week low of $133.27 and a 52 week high of $177.71. The company has a quick ratio of 1.55, a current ratio of 2.50 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.21 billion, a P/E ratio of 40.82 and a beta of 0.58.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be issued a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, December 18th. This represents a $2.94 dividend on an annualized basis and a yield of 1.77%. J&J Snack Foods’s dividend payout ratio is currently 72.06%.

Institutional Investors Weigh In On J&J Snack Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JJSF. Captrust Financial Advisors raised its holdings in J&J Snack Foods by 4.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,191 shares of the company’s stock worth $307,000 after purchasing an additional 91 shares in the last quarter. LPL Financial LLC raised its holdings in J&J Snack Foods by 15.0% in the 2nd quarter. LPL Financial LLC now owns 2,060 shares of the company’s stock worth $288,000 after purchasing an additional 269 shares in the last quarter. Pathstone Family Office LLC bought a new position in J&J Snack Foods in the 3rd quarter worth $242,000. American Century Companies Inc. raised its holdings in J&J Snack Foods by 17.7% in the 1st quarter. American Century Companies Inc. now owns 1,633 shares of the company’s stock worth $239,000 after purchasing an additional 245 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in J&J Snack Foods in the 2nd quarter worth $210,000. 76.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JJSF has been the subject of a number of research reports. TheStreet raised shares of J&J Snack Foods from a “c+” rating to a “b” rating in a research note on Monday, July 31st. StockNews.com initiated coverage on shares of J&J Snack Foods in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Benchmark upped their price objective on shares of J&J Snack Foods from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday.

View Our Latest Research Report on J&J Snack Foods

J&J Snack Foods Company Profile

(Get Free Report)

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

See Also

Earnings History for J&J Snack Foods (NASDAQ:JJSF)

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