Zacks Investment Research cut shares of J & J Snack Foods Corp. (NASDAQ:JJSF) from a hold rating to a strong sell rating in a research note released on Wednesday.

According to Zacks, “J & J Snack Foods Corp. manufactures nutritional snack foods which it markets nationally to the food service and retail supermarket industries. Its principal snack food products are soft pretzels marketed principally under the brand name SUPERPRETZEL. The Company also markets frozen beverages to the food service industry under the brand names ICEE and ARCTIC BLAST in the United States, Mexico and Canada. Other snack products include Italian ice and frozen juice treats and desserts, churros (a Hispanic pastry), funnel cake, popcorn and bakery products. “

Separately, BidaskClub raised J & J Snack Foods Corp. from a sell rating to a hold rating in a report on Monday, July 24th.

J & J Snack Foods Corp. (NASDAQ:JJSF) opened at 130.62 on Wednesday. The company has a 50-day moving average price of $132.69 and a 200 day moving average price of $132.51. The company has a market cap of $2.45 billion, a PE ratio of 32.57 and a beta of 0.73. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21.

J & J Snack Foods Corp. (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 24th. The company reported $1.34 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 business had revenue of $295.40 million for the quarter, compared to analyst estimates of $297.83 million. During the same period last year, the firm posted $1.43 EPS. J & J Snack Foods Corp.’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that J & J Snack Foods Corp. will post $4.29 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Wednesday, June 21st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, June 19th. This represents a $1.68 dividend on an annualized basis and a yield of 1.29%. J & J Snack Foods Corp.’s dividend payout ratio is currently 41.90%.

In related news, insider Dennis G. Moore sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $132.28, for a total transaction of $992,100.00. Following the sale, the insider now owns 83,070 shares in the company, valued at approximately $10,988,499.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Joseph Pape sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $131.29, for a total value of $393,870.00. Following the sale, the insider now owns 15,221 shares in the company, valued at approximately $1,998,365.09. The disclosure for this sale can be found here. Insiders own 21.00% of the company’s stock.

Large investors have recently modified their holdings of the company. ProShare Advisors LLC raised its stake in shares of J & J Snack Foods Corp. by 16.0% in the first quarter. ProShare Advisors LLC now owns 57,590 shares of the company’s stock worth $7,807,000 after buying an additional 7,954 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of J & J Snack Foods Corp. by 5.0% in the first quarter. Nationwide Fund Advisors now owns 85,602 shares of the company’s stock worth $11,604,000 after buying an additional 4,107 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of J & J Snack Foods Corp. by 454.9% in the first quarter. State of Alaska Department of Revenue now owns 8,990 shares of the company’s stock worth $1,218,000 after buying an additional 7,370 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of J & J Snack Foods Corp. during the first quarter worth $217,000. Finally, Capital Impact Advisors LLC raised its stake in shares of J & J Snack Foods Corp. by 61.1% in the first quarter. Capital Impact Advisors LLC now owns 13,578 shares of the company’s stock worth $1,841,000 after buying an additional 5,152 shares in the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

J & J Snack Foods Corp. Company Profile

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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