J & J Snack Foods (NASDAQ:JJSF) announced its earnings results on Thursday. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.09), Briefing.com reports. J & J Snack Foods had a return on equity of 11.65% and a net margin of 7.84%. The business had revenue of $311.87 million for the quarter, compared to analyst estimates of $309.50 million. During the same period last year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year.
JJSF traded down $9.65 on Friday, hitting $180.93. 111,700 shares of the company’s stock were exchanged, compared to its average volume of 82,159. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 44.56 and a beta of 0.34. The firm has a 50-day moving average price of $191.62 and a 200-day moving average price of $176.48. J & J Snack Foods has a fifty-two week low of $138.40 and a fifty-two week high of $196.84.
Several equities research analysts have issued reports on JJSF shares. ValuEngine cut shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Consumer Edge raised shares of J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 9th. BidaskClub cut shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a research note 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 issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $176.50.
In other news, insider Dan Fachner sold 7,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 102,296 shares of the company’s stock, valued at $19,219,372.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. 21.00% of the stock is owned by corporate insiders.
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.
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