Shares of J & J Snack Foods Corp (NASDAQ:JJSF) have earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. J & J Snack Foods Corp’s rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $108.00 for the company and are predicting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also assigned J & J Snack Foods Corp an industry rank of 141 out of 265 based on the ratings given to related companies.
Shares of J & J Snack Foods Corp (NASDAQ:JJSF) opened at 114.82 on Monday. J & J Snack Foods Corp has a one year low of $96.53 and a one year high of $125.62. The company has a market cap of $2.15 billion and a price-to-earnings ratio of 30.78. The company has a 50 day moving average price of $115.79 and a 200 day moving average price of $115.94.
J & J Snack Foods Corp (NASDAQ:JJSF) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by $0.17. The company earned $259.80 million during the quarter, compared to analysts’ expectations of $265.77 million. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. Equities analysts predict that J & J Snack Foods Corp will post $4.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Tuesday, December 22nd will be issued a dividend of $0.39 per share. This is a positive change from J & J Snack Foods Corp’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.56 annualized dividend and a dividend yield of 1.34%.
An institutional investor recently raised its position in J & J Snack Foods Corp stock. Eagle Asset Management increased its stake in J & J Snack Foods Corp (NASDAQ:JJSF) by 112.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,512 shares of the company’s stock after buying an additional 44,173 shares during the period. Eagle Asset Management owned 0.45% of J & J Snack Foods Corp worth $9,490,000 at the end of the most recent quarter.
JJSF has been the subject of a number of analyst reports. Zacks Investment Research upgraded J & J Snack Foods Corp from a “sell” rating to a “hold” rating in a report on Tuesday, September 29th. Jefferies Group initiated coverage on J & J Snack Foods Corp in a report on Tuesday, December 15th. They set a “hold” rating and a $108.00 target price for the company.
J & J Snack Foods Corp. (NASDAQ:JJSF) manufactures nutritional snack foods and distributes frozen beverages, which it markets nationally to the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s principal snack food products are soft pretzels marketed primarily under the brand name SUPERPRETZEL and BAVARIAN BAKERY, frozen juice treats and desserts marketed primarily under the LUIGI’S, WHOLE FRUIT, ICEE, PHILLY SWIRL and MINUTE MAID brand names, churros marketed primarily under the TIO PEPE’S and CALIFORNIA CHURROS brand names and bakery products sold primarily under the READI-BAKE, COUNTRY HOME, MARY B’S AND DADDY RAY’S brand names, as well as for private label and contract packing.
For more information about research offerings from Zacks Investment Research, visit Zacks.com