J & J Snack Foods Corp. (NASDAQ:JJSF) – Jefferies Financial Group upped their Q3 2021 earnings per share (EPS) estimates for shares of J & J Snack Foods in a research note issued on Thursday, April 22nd. Jefferies Financial Group analyst R. Dickerson now anticipates that the company will earn $0.99 per share for the quarter, up from their prior estimate of $0.90. Jefferies Financial Group also issued estimates for J & J Snack Foods’ Q1 2022 earnings at $0.88 EPS, FY2022 earnings at $4.30 EPS and FY2023 earnings at $4.80 EPS.
Separately, Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research note on Wednesday, March 31st.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Sunday, January 24th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $241.00 million during the quarter, compared to the consensus estimate of $224.80 million. J & J Snack Foods had a net margin of 1.79% and a return on equity of 2.84%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in JJSF. First Trust Advisors LP increased its stake in shares of J & J Snack Foods by 179.0% during the first quarter. First Trust Advisors LP now owns 37,417 shares of the company’s stock valued at $5,943,000 after purchasing an additional 24,008 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of J & J Snack Foods by 0.5% during the third quarter. California State Teachers Retirement System now owns 22,682 shares of the company’s stock valued at $2,958,000 after buying an additional 106 shares during the last quarter. Diversified Trust Co grew its holdings in shares of J & J Snack Foods by 58.9% during the fourth quarter. Diversified Trust Co now owns 2,900 shares of the company’s stock valued at $451,000 after buying an additional 1,075 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of J & J Snack Foods during the fourth quarter valued at approximately $2,765,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of J & J Snack Foods during the fourth quarter valued at approximately $221,000. 73.18% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 13th. Shareholders of record on Monday, March 22nd were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, March 19th. J & J Snack Foods’s dividend payout ratio is 207.21%.
About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries 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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