Equities analysts forecast that J & J Snack Foods Corp (NASDAQ:JJSF) will post sales of $306.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for J & J Snack Foods’ earnings, with estimates ranging from $302.90 million to $311.00 million. J & J Snack Foods reported sales of $316.73 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The company is scheduled to announce its next earnings report on Thursday, November 8th.

On average, analysts expect that J & J Snack Foods will report full-year sales of $1.14 billion for the current financial year, with estimates ranging from $1.14 billion to $1.15 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.18 billion, with estimates ranging from $1.16 billion to $1.19 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover J & J Snack Foods.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.12). The business had revenue of $306.20 million for the quarter, compared to the consensus estimate of $312.55 million. J & J Snack Foods had a net margin of 9.06% and a return on equity of 11.36%. J & J Snack Foods’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS.

Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. ValuEngine raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. J & J Snack Foods presently has a consensus rating of “Hold” and a consensus target price of $145.50.

In other news, SVP Dennis G. Moore sold 5,250 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the completion of the transaction, the senior vice president now owns 80,877 shares of the company’s stock, valued at $11,738,487.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.00% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new position in J & J Snack Foods during the second quarter worth $206,000. Advisor Partners LLC bought a new position in J & J Snack Foods during the second quarter worth $217,000. Dynamic Technology Lab Private Ltd bought a new position in J & J Snack Foods during the second quarter worth $220,000. A.R.T. Advisors LLC bought a new position in J & J Snack Foods during the first quarter worth $236,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in J & J Snack Foods by 40.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,651 shares of the company’s stock worth $252,000 after buying an additional 472 shares during the last quarter. 69.70% of the stock is owned by hedge funds and other institutional investors.

Shares of JJSF stock traded up $0.59 during trading hours on Monday, hitting $145.42. 60,156 shares of the company’s stock traded hands, compared to its average volume of 70,803. The company has a market capitalization of $2.82 billion, a P/E ratio of 34.54, a PEG ratio of 3.30 and a beta of 0.53. J & J Snack Foods has a 12 month low of $125.98 and a 12 month high of $159.05.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Friday, September 14th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, September 13th. J & J Snack Foods’s payout ratio is currently 42.76%.

About J & J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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

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