J & J Snack Foods (JJSF) Posts Earnings Results, Misses Estimates By $0.08 EPS

J & J Snack Foods (NASDAQ:JJSF) released its quarterly earnings data on Thursday. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08), Briefing.com reports. The business had revenue of $300.72 million for the quarter, compared to the consensus estimate of $306.48 million. J & J Snack Foods had a return on equity of 11.36% and a net margin of 9.06%. J & J Snack Foods’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share.

Shares of NASDAQ:JJSF traded down $1.58 during midday trading on Friday, reaching $154.92. 114,650 shares of the company’s stock were exchanged, compared to its average volume of 69,539. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 3.16 and a beta of 0.41. J & J Snack Foods has a 12 month low of $125.98 and a 12 month high of $162.80.

In other news, SVP Dennis G. Moore sold 5,250 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the completion of the transaction, the senior vice president now directly owns 80,877 shares of the company’s stock, valued at approximately $11,738,487.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.00% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $145.50.

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

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