J & J Snack Foods (JJSF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of J & J Snack Foods (NASDAQ:JJSF) have been given a consensus broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. J & J Snack Foods’ rating score has declined by 33.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price target of $157.50 for the company and are anticipating that the company will post $1.01 EPS for the current quarter, according to Zacks. Zacks has also given J & J Snack Foods an industry rank of 116 out of 265 based on the ratings given to its competitors.

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Several analysts recently issued reports on JJSF shares. BidaskClub raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research note on Saturday, February 3rd. Jefferies Group reaffirmed a “hold” rating and set a $135.00 price objective on shares of J & J Snack Foods in a research note on Tuesday, January 30th. Finally, KeyCorp started coverage on shares of J & J Snack Foods in a research note on Wednesday, March 28th. They set a “sector weight” rating for the company.



JJSF opened at $140.66 on Friday. J & J Snack Foods has a twelve month low of $124.10 and a twelve month high of $157.33. The stock has a market cap of $2,627.50, a P/E ratio of 33.02, a P/E/G ratio of 2.85 and a beta of 0.59.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, January 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). J & J Snack Foods had a net margin of 9.07% and a return on equity of 11.79%. The business had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $253.95 million. During the same period in the prior year, the company posted $0.72 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. analysts forecast that J & J Snack Foods will post 4.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Investors of record on Thursday, March 15th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.28%. J & J Snack Foods’s dividend payout ratio is presently 42.76%.

In related news, insider Robert M. Radano sold 5,250 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.34, for a total transaction of $731,535.00. Following the completion of the sale, the insider now owns 99,872 shares of the company’s stock, valued at approximately $13,916,164.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of JJSF. Legal & General Group Plc grew its stake in shares of J & J Snack Foods by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 29,342 shares of the company’s stock valued at $3,852,000 after buying an additional 450 shares during the period. Wells Fargo & Company MN grew its stake in shares of J & J Snack Foods by 20.9% in the 3rd quarter. Wells Fargo & Company MN now owns 36,443 shares of the company’s stock valued at $4,785,000 after buying an additional 6,311 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of J & J Snack Foods by 4.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 92,187 shares of the company’s stock valued at $12,105,000 after buying an additional 3,543 shares during the period. Allianz Asset Management GmbH grew its stake in shares of J & J Snack Foods by 568.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 15,845 shares of the company’s stock valued at $2,081,000 after buying an additional 13,475 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of J & J Snack Foods by 7.2% in the 3rd quarter. California Public Employees Retirement System now owns 22,625 shares of the company’s stock valued at $2,971,000 after buying an additional 1,525 shares during the period. 69.04% of the stock is owned by institutional investors and hedge funds.

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J & J Snack Foods Company Profile

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. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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