Equities research analysts predict that J & J Snack Foods Corp (NASDAQ:JJSF) will post $313.00 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for J & J Snack Foods’ earnings, with the lowest sales estimate coming in at $311.00 million and the highest estimate coming in at $315.00 million. J & J Snack Foods reported sales of $306.24 million in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, July 29th.
On average, analysts expect that J & J Snack Foods will report full-year sales of $1.17 billion for the current year, with estimates ranging from $1.16 billion to $1.18 billion. For the next financial year, analysts forecast that the business will report sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for J & J Snack Foods.
J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Monday, April 29th. The company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The company had revenue of $276.30 million for the quarter, compared to analysts’ expectations of $272.30 million. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in J & J Snack Foods by 0.5% during the first quarter. BlackRock Inc. now owns 2,173,362 shares of the company’s stock worth $345,216,000 after purchasing an additional 10,652 shares during the period. Dimensional Fund Advisors LP raised its position in shares of J & J Snack Foods by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 444,448 shares of the company’s stock worth $64,262,000 after buying an additional 8,403 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of J & J Snack Foods by 38.0% in the first quarter. Wells Fargo & Company MN now owns 407,241 shares of the company’s stock worth $64,687,000 after buying an additional 112,038 shares in the last quarter. Atlanta Capital Management Co. L L C raised its position in shares of J & J Snack Foods by 22.8% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 396,135 shares of the company’s stock worth $57,277,000 after buying an additional 73,611 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of J & J Snack Foods by 0.7% in the first quarter. Janus Henderson Group PLC now owns 283,054 shares of the company’s stock worth $44,960,000 after buying an additional 1,982 shares in the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ JJSF traded up $0.65 during trading hours on Friday, hitting $163.89. The stock had a trading volume of 60,461 shares, compared to its average volume of 63,848. The firm has a market capitalization of $3.07 billion, a P/E ratio of 40.37 and a beta of 0.40. The company’s 50-day moving average price is $162.64. J & J Snack Foods has a 52 week low of $138.40 and a 52 week high of $167.50.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.22%. J & J Snack Foods’s payout ratio is 49.26%.
About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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