J & J Snack Foods (NASDAQ:JJSF) Sets New 52-Week Low – Here’s Why

J & J Snack Foods Corp. (NASDAQ:JJSFGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $80.00 and last traded at $82.9450, with a volume of 136791 shares traded. The stock had previously closed at $95.20.

Key Headlines Impacting J & J Snack Foods

Here are the key news stories impacting J & J Snack Foods this week:

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JJSF shares. Benchmark reaffirmed a “buy” rating on shares of J & J Snack Foods in a research note on Tuesday, January 20th. Zacks Research downgraded J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $132.50.

Read Our Latest Stock Analysis on JJSF

J & J Snack Foods Stock Down 15.4%

The company’s 50-day moving average price is $93.01 and its 200-day moving average price is $98.26. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 24.03 and a beta of 0.34.

J & J Snack Foods (NASDAQ:JJSFGet Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $343.78 million for the quarter, compared to analyst estimates of $365.95 million. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. J & J Snack Foods’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. On average, sell-side analysts predict that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. J & J Snack Foods’s dividend payout ratio is presently 95.52%.

Insider Transactions at J & J Snack Foods

In other news, Director Kathleen E. Ciaramello purchased 540 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $90.56 per share, for a total transaction of $48,902.40. Following the completion of the purchase, the director directly owned 1,013 shares in the company, valued at $91,737.28. The trade was a 114.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On J & J Snack Foods

A number of institutional investors have recently modified their holdings of JJSF. Bank of Montreal Can increased its stake in J & J Snack Foods by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 2,634 shares of the company’s stock valued at $299,000 after purchasing an additional 106 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of J & J Snack Foods by 6.1% in the 3rd quarter. Ballentine Partners LLC now owns 2,195 shares of the company’s stock valued at $211,000 after purchasing an additional 127 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of J & J Snack Foods by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 8,823 shares of the company’s stock valued at $796,000 after purchasing an additional 141 shares during the period. Nicolet Advisory Services LLC lifted its stake in J & J Snack Foods by 5.8% in the third quarter. Nicolet Advisory Services LLC now owns 2,592 shares of the company’s stock worth $246,000 after acquiring an additional 143 shares during the period. Finally, RK Asset Management LLC boosted its position in shares of J & J Snack Foods by 0.5% in the 3rd quarter. RK Asset Management LLC now owns 29,948 shares of the company’s stock worth $2,878,000 after purchasing an additional 144 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J & J Snack Foods Company Profile

(Get Free Report)

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.

Featured Stories

Receive News & Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related companies with MarketBeat.com's FREE daily email newsletter.