J & J Snack Foods (NASDAQ:JJSF) Posts Earnings Results, Beats Estimates By $0.34 EPS

J & J Snack Foods (NASDAQ:JJSF) issued its earnings results on Monday. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.34, Zacks reports. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 EPS.

J & J Snack Foods Trading Up 0.6%

Shares of NASDAQ JJSF opened at $83.09 on Monday. The stock has a market cap of $1.62 billion, a P/E ratio of 19.37 and a beta of 0.39. J & J Snack Foods has a twelve month low of $80.67 and a twelve month high of $176.77. The stock has a 50 day moving average of $93.79 and a two-hundred day moving average of $107.49.

Wall Street Analysts Forecast Growth

JJSF has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of J & J Snack Foods in a report on Thursday. Zacks Research upgraded shares of J & J Snack Foods from a “strong sell” rating to a “hold” rating in a report on Friday, October 24th. Finally, Wall Street Zen raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $142.50.

Institutional Trading of J & J Snack Foods

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in J & J Snack Foods by 902.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock worth $40,000 after purchasing an additional 316 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of J & J Snack Foods by 334.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,529 shares of the company’s stock valued at $173,000 after buying an additional 1,177 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of J & J Snack Foods in the first quarter valued at about $228,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of J & J Snack Foods during the second quarter worth about $207,000. Finally, Vident Advisory LLC purchased a new position in shares of J & J Snack Foods during the second quarter worth about $212,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

About J & J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.