J&J Snack Foods Corp. (NASDAQ:JJSF – Get Rating) – Equities researchers at William Blair decreased their Q4 2022 EPS estimates for shares of J&J Snack Foods in a research report issued to clients and investors on Wednesday, August 3rd. William Blair J. Andersen analysts now anticipate earnings that the company will post per share for the quarter, down from their previous estimate of $0.92. The consensus estimate for J&J Snack Foods’ current full-year earnings is $2.84 per share. William Blair also issued estimates for J&J Snack Foods’ FY2023 earnings at $4.60 EPS.
Separately, StockNews.com cut shares of J&J Snack Foods from a “hold” rating to a “sell” rating in a research report on Thursday.
J&J Snack Foods Stock Up 0.9 %
JJSF stock opened at $141.73 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.63 and a quick ratio of 2.57. The firm’s fifty day simple moving average is $134.20 and its 200-day simple moving average is $143.77. J&J Snack Foods has a 12 month low of $117.45 and a 12 month high of $165.78. The company has a market capitalization of $2.72 billion, a P/E ratio of 55.80 and a beta of 0.43.
J&J Snack Foods Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Monday, June 20th were issued a $0,633 dividend. This represents a $2.53 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, June 16th. J&J Snack Foods’s dividend payout ratio is presently 99.61%.
Institutional Investors Weigh In On J&J Snack Foods
Institutional investors and hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its position in J&J Snack Foods by 1.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 5,928 shares of the company’s stock worth $936,000 after purchasing an additional 77 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of J&J Snack Foods by 1.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 6,042 shares of the company’s stock valued at $937,000 after acquiring an additional 84 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of J&J Snack Foods by 3.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,862 shares of the company’s stock valued at $400,000 after acquiring an additional 96 shares in the last quarter. Martingale Asset Management LP grew its holdings in J&J Snack Foods by 0.9% during the first quarter. Martingale Asset Management LP now owns 11,744 shares of the company’s stock worth $1,823,000 after purchasing an additional 100 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in J&J Snack Foods by 5.7% during the first quarter. Mutual of America Capital Management LLC now owns 2,148 shares of the company’s stock worth $333,000 after acquiring an additional 116 shares during the last quarter. 76.80% of the stock is owned by institutional investors and hedge funds.
J&J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries 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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