Brokerages forecast that J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) will report sales of $351.65 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for J&J Snack Foods’ earnings, with the highest sales estimate coming in at $356.00 million and the lowest estimate coming in at $347.30 million. J&J Snack Foods reported sales of $324.34 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The business is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that J&J Snack Foods will report full year sales of $1.31 billion for the current financial year, with estimates ranging from $1.28 billion to $1.34 billion. For the next year, analysts expect that the business will report sales of $1.37 billion, with estimates ranging from $1.35 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow J&J Snack Foods.
J&J Snack Foods (NASDAQ:JJSF – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.48). J&J Snack Foods had a net margin of 4.98% and a return on equity of 7.47%. During the same quarter last year, the firm earned $0.32 EPS.
Shares of NASDAQ:JJSF opened at $125.99 on Wednesday. The stock has a fifty day moving average of $151.76. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 38.89 and a beta of 0.56. J&J Snack Foods has a 12-month low of $122.02 and a 12-month high of $181.71.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Investors of record on Tuesday, March 22nd were paid a $0.633 dividend. The ex-dividend date of this dividend was Monday, March 21st. This represents a $2.53 dividend on an annualized basis and a dividend yield of 2.01%. J&J Snack Foods’s payout ratio is 78.09%.
Several hedge funds have recently made changes to their positions in JJSF. Profund Advisors LLC boosted its holdings in J&J Snack Foods by 11.2% in the first quarter. Profund Advisors LLC now owns 1,701 shares of the company’s stock valued at $264,000 after acquiring an additional 172 shares during the last quarter. Hightower 6M Holding LLC acquired a new stake in J&J Snack Foods in the 1st quarter valued at approximately $426,000. Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of J&J Snack Foods by 30.0% during the 1st quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,000 shares of the company’s stock worth $2,016,000 after purchasing an additional 3,000 shares during the last quarter. Swiss National Bank increased its position in shares of J&J Snack Foods by 7.8% during the 1st quarter. Swiss National Bank now owns 36,100 shares of the company’s stock worth $5,599,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of J&J Snack Foods by 6.2% during the 1st quarter. Teacher Retirement System of Texas now owns 3,136 shares of the company’s stock worth $486,000 after acquiring an additional 184 shares during the period. Institutional investors own 76.80% 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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