FY2024 EPS Estimates for J&J Snack Foods Corp. Cut by Analyst (NASDAQ:JJSF)

J&J Snack Foods Corp. (NASDAQ:JJSF) – Research analysts at William Blair dropped their FY2024 earnings per share estimates for J&J Snack Foods in a research report issued on Tuesday, May 7th. William Blair analyst J. Andersen now anticipates that the company will post earnings of $5.10 per share for the year, down from their previous estimate of $5.14. The consensus estimate for J&J Snack Foods’ current full-year earnings is $5.06 per share. William Blair also issued estimates for J&J Snack Foods’ Q4 2024 earnings at $1.81 EPS and FY2025 earnings at $5.70 EPS.

J&J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, May 6th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.63 by $0.21. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. The business had revenue of $359.73 million for the quarter, compared to the consensus estimate of $341.08 million. During the same period last year, the company earned $0.43 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year.

Separately, Benchmark reaffirmed a “buy” rating and set a $195.00 target price on shares of J&J Snack Foods in a report on Tuesday.

J&J Snack Foods Price Performance

Shares of NASDAQ:JJSF opened at $164.29 on Thursday. The firm has a market cap of $3.18 billion, a PE ratio of 39.97 and a beta of 0.54. J&J Snack Foods has a 52 week low of $133.23 and a 52 week high of $177.71. The firm’s fifty day moving average is $140.95 and its 200-day moving average is $153.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.40.

Hedge Funds Weigh In On J&J Snack Foods

Several institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in J&J Snack Foods by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 4,385 shares of the company’s stock valued at $718,000 after buying an additional 64 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of J&J Snack Foods by 6.7% during the third quarter. Evergreen Capital Management LLC now owns 1,450 shares of the company’s stock valued at $238,000 after acquiring an additional 91 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of J&J Snack Foods by 6.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,638 shares of the company’s stock worth $268,000 after purchasing an additional 100 shares during the period. Bridge City Capital LLC lifted its holdings in shares of J&J Snack Foods by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 14,056 shares of the company’s stock worth $2,032,000 after purchasing an additional 110 shares in the last quarter. Finally, D.B. Root & Company LLC grew its position in J&J Snack Foods by 1.6% in the 4th quarter. D.B. Root & Company LLC now owns 7,734 shares of the company’s stock valued at $1,293,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, Director Marjorie Shreiber Roshkoff sold 625 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $147.73, for a total value of $92,331.25. Following the completion of the sale, the director now directly owns 69,459 shares in the company, valued at $10,261,178.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 22.20% of the company’s stock.

J&J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 19th were paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, March 18th. J&J Snack Foods’s dividend payout ratio is presently 71.53%.

About J&J Snack Foods

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 through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.