Q3 2019 EPS Estimates for J & J Snack Foods Corp (JJSF) Lifted by Analyst
J & J Snack Foods Corp (NASDAQ:JJSF) – Investment analysts at Jefferies Financial Group upped their Q3 2019 earnings per share estimates for shares of J & J Snack Foods in a research report issued on Monday, November 12th, according to Zacks Investment Research. Jefferies Financial Group analyst A. Jagdale now forecasts that the company will post earnings of $1.59 per share for the quarter, up from their prior estimate of $1.49. Jefferies Financial Group also issued estimates for J & J Snack Foods’ Q3 2020 earnings at $1.69 EPS and FY2021 earnings at $5.58 EPS.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.08). The company had revenue of $300.72 million during the quarter, compared to the consensus estimate of $306.48 million. J & J Snack Foods had a net margin of 9.10% and a return on equity of 10.89%. J & J Snack Foods’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share.
NASDAQ:JJSF traded up $2.74 during mid-day trading on Wednesday, reaching $153.57. 63,182 shares of the company’s stock were exchanged, compared to its average volume of 50,355. J & J Snack Foods has a one year low of $125.98 and a one year high of $162.80. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 3.08 and a beta of 0.41.
Large investors have recently bought and sold shares of the stock. Girard Partners LTD. acquired a new stake in J & J Snack Foods during the 3rd quarter worth approximately $120,000. CIBC Asset Management Inc acquired a new position in shares of J & J Snack Foods in the 2nd quarter worth approximately $206,000. Advisor Partners LLC acquired a new position in shares of J & J Snack Foods in the 2nd quarter worth approximately $217,000. McKinley Carter Wealth Services Inc. acquired a new position in shares of J & J Snack Foods in the 3rd quarter worth approximately $217,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of J & J Snack Foods in the 2nd quarter worth approximately $220,000. Institutional investors and hedge funds own 70.92% of the company’s stock.
In other news, insider Robert Joseph Pape sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $153.68, for a total value of $322,728.00. Following the sale, the insider now directly owns 12,281 shares in the company, valued at approximately $1,887,344.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerald B. Shreiber sold 2,435 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $156.29, for a total transaction of $380,566.15. Following the completion of the sale, the insider now owns 3,563,985 shares in the company, valued at $557,015,215.65. The disclosure for this sale can be found here. 21.00% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Tuesday, December 18th will be issued a $0.50 dividend. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, December 17th. J & J Snack Foods’s dividend payout ratio (DPR) is currently 44.33%.
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. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
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