J & J Snack Foods (NASDAQ:JJSF) Announces Earnings Results

by · The Cerbat Gem

J & J Snack Foods (NASDAQ:JJSF – Get Free Report) posted its earnings results on Tuesday. The company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33, Briefing.com reports. J & J Snack Foods had a net margin of 4.14% and a return on equity of 8.73%. During the same period in the prior year, the firm posted $0.33 earnings per share. J & J Snack Foods’s revenue was down 5.2% compared to the same quarter last year.

J & J Snack Foods Price Performance

Shares of JJSF stock opened at $95.20 on Tuesday. J & J Snack Foods has a 12 month low of $80.67 and a 12 month high of $144.37. The company’s fifty day moving average price is $93.01 and its two-hundred day moving average price is $98.26. The firm has a market capitalization of $1.81 billion, a P/E ratio of 28.42 and a beta of 0.34.

J & J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, December 16th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 95.52%.

Insiders Place Their Bets

In related news, Director Kathleen E. Ciaramello bought 540 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of $90.56 per share, with a total value of $48,902.40. Following the transaction, the director owned 1,013 shares of the company’s stock, valued at approximately $91,737.28. This trade represents a 114.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 20.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On J & J Snack Foods

Several hedge funds and other institutional investors have recently modified their holdings of JJSF. EverSource Wealth Advisors LLC lifted its position in J & J Snack Foods by 902.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $40,000 after purchasing an additional 316 shares during the last quarter. Virtus Advisers LLC acquired a new position in J & J Snack Foods during the 3rd quarter valued at about $120,000. Tower Research Capital LLC TRC lifted its position in J & J Snack Foods by 334.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,529 shares of the company’s stock worth $173,000 after purchasing an additional 1,177 shares during the period. Franklin Resources Inc. acquired a new position in J & J Snack Foods during the third quarter worth about $204,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of J & J Snack Foods in the 2nd quarter worth approximately $207,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

JJSF has been the subject of several recent analyst reports. Zacks Research cut J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Benchmark reissued a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $132.50.

View Our Latest Analysis on JJSF

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.

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