J & J Snack Foods (NASDAQ:JJSF) Issues Earnings Results

J & J Snack Foods (NASDAQ:JJSF) announced its quarterly earnings results on Thursday. The company reported $1.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.09), Briefing.com reports. J & J Snack Foods had a return on equity of 11.65% and a net margin of 7.84%. The business had revenue of $311.87 million for the quarter, compared to analyst estimates of $309.50 million. During the same quarter last year, the firm posted $1.24 EPS. The company’s revenue was up 3.7% compared to the same quarter last year.

JJSF stock traded down $9.65 during trading on Friday, reaching $180.93. 111,700 shares of the company’s stock were exchanged, compared to its average volume of 82,159. J & J Snack Foods has a 1-year low of $138.40 and a 1-year high of $196.84. The firm has a market cap of $3.55 billion, a PE ratio of 44.56 and a beta of 0.34. The company’s fifty day moving average price is $191.62 and its 200-day moving average price is $176.48.

A number of brokerages have issued reports on JJSF. Zacks Investment Research upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a research report on Friday, August 2nd. BidaskClub lowered J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Consumer Edge upgraded J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 9th. Finally, ValuEngine lowered J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $176.50.

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In related news, insider Dan Fachner sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $187.88, for a total transaction of $1,409,100.00. Following the transaction, the insider now directly owns 102,296 shares of the company’s stock, valued at $19,219,372.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.00% of the stock is currently owned by insiders.

J & J Snack Foods Company Profile

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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Earnings History for J & J Snack Foods (NASDAQ:JJSF)

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