Somewhat Favorable Press Coverage Somewhat Unlikely to Impact J & J Snack Foods Corp. (NASDAQ:JJSF) Share Price
News coverage about J & J Snack Foods Corp. (NASDAQ:JJSF) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. J & J Snack Foods Corp. earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.2426967425159 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- J & J Snack Foods Corp. (NASDAQ:JJSF) Expected to Announce Quarterly Sales of $281.15 Million (americanbankingnews.com)
- J & J Snack Foods Corp. (JJSF) Position Up in Latest Report from Dimensional Fund Advisors Lp (highlightpress.com)
- See what the IHS Markit Score report has to say about J & J Snack Foods Corp. (finance.yahoo.com)
- Neuberger Berman Group LLC Modifies Its Ownership in J & J Snack Foods Corp. (JJSF) Stock (modernreaders.com)
- J & J Snack Foods Corp. (NASDAQ:JJSF) to Buyback 500000 Stock (expressnewsline.com)
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th. BidaskClub upgraded J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.
Shares of J & J Snack Foods Corp. (NASDAQ:JJSF) traded down 0.19% on Friday, hitting $128.02. The company had a trading volume of 59,573 shares. J & J Snack Foods Corp. has a 12 month low of $102.81 and a 12 month high of $143.21. The company has a 50-day moving average of $130.92 and a 200 day moving average of $132.44. The stock has a market cap of $2.40 billion, a PE ratio of 31.93 and a beta of 0.72.
J & J Snack Foods Corp. (NASDAQ:JJSF) last released its earnings results on Monday, July 24th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by $0.15. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $297.83 million. During the same quarter in the previous year, the company earned $1.43 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts anticipate that J & J Snack Foods Corp. will post $4.19 EPS for the current fiscal year.
J & J Snack Foods Corp. announced that its board has initiated a share repurchase program on Friday, August 4th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be given a $0.42 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.68 dividend on an annualized basis and a yield of 1.31%. J & J Snack Foods Corp.’s payout ratio is 41.90%.
In other J & J Snack Foods Corp. news, insider Robert Joseph Pape sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $131.29, for a total value of $393,870.00. Following the completion of the sale, the insider now owns 15,221 shares in the company, valued at approximately $1,998,365.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 21.00% of the stock is owned by corporate insiders.
About J & J Snack Foods Corp.
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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