According to Zacks, “J&J Snack Foods Corporation is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. Manufactured and distributed nationwide, their principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, MINUTE MAID frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, TIO PEPE’S, CALIFORNIA CHURROS and OREO Churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several bakery brands within COUNTRY HOME BAKERS and HILL & VALLEY. “
A number of other equities analysts have also recently weighed in on the stock. TheStreet cut shares of J & J Snack Foods from a b- rating to a c+ rating in a research report on Tuesday, March 29th. StockNews.com began coverage on shares of J & J Snack Foods in a research report on Thursday, March 31st. They issued a hold rating for the company.
J & J Snack Foods (NASDAQ:JJSF – Get Rating) last posted its quarterly earnings data on Monday, January 31st. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.16). The company had revenue of $318.49 million for the quarter, compared to analysts’ expectations of $286.55 million. J & J Snack Foods had a return on equity of 7.89% and a net margin of 5.31%. During the same period in the previous year, the business posted $0.09 EPS. Analysts predict that J & J Snack Foods will post 4.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 12th. Stockholders of record on Tuesday, March 22nd were issued a $0.633 dividend. The ex-dividend date was Monday, March 21st. This represents a $2.53 dividend on an annualized basis and a dividend yield of 1.66%. J & J Snack Foods’s payout ratio is 74.63%.
In related news, COO Stephen Every sold 652 shares of J & J Snack Foods stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $153.76, for a total transaction of $100,251.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 20.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of JJSF. First Trust Advisors LP increased its stake in J & J Snack Foods by 179.0% in the first quarter. First Trust Advisors LP now owns 37,417 shares of the company’s stock valued at $5,943,000 after purchasing an additional 24,008 shares during the period. State of New Jersey Common Pension Fund D increased its stake in J & J Snack Foods by 11.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 16,324 shares of the company’s stock valued at $2,495,000 after purchasing an additional 1,629 shares during the period. WINTON GROUP Ltd increased its stake in J & J Snack Foods by 3.7% in the third quarter. WINTON GROUP Ltd now owns 5,314 shares of the company’s stock valued at $812,000 after purchasing an additional 192 shares during the period. Maryland State Retirement & Pension System acquired a new position in J & J Snack Foods in the third quarter valued at $912,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in J & J Snack Foods by 4.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 10,664 shares of the company’s stock valued at $1,629,000 after purchasing an additional 478 shares during the period. Institutional investors own 75.02% of the company’s stock.
About J & J Snack Foods (Get Rating)
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 in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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