J & J Snack Foods (NASDAQ:JJSF) Posts Earnings Results, Misses Estimates By $0.09 EPS

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

J & J Snack Foods stock traded down $9.65 during midday trading on Friday, reaching $180.93. 111,700 shares of the company were exchanged, compared to its average volume of 82,159. The firm’s 50-day simple moving average is $191.62 and its 200-day simple moving average is $176.48. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 44.56 and a beta of 0.34. J & J Snack Foods has a 1 year low of $138.40 and a 1 year high of $196.84.

A number of research analysts have recently weighed in on the company. BidaskClub cut 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. ValuEngine cut J & J Snack Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. J & J Snack Foods has an average rating of “Hold” and a consensus price target of $176.50.

In related news, insider Dan Fachner sold 7,500 shares of the business’s stock in a transaction that occurred 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 approximately $19,219,372.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.00% of the company’s stock.

About J & J Snack Foods

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.

Further Reading: Capital Gains Distribution

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

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