Zacks: Analysts Anticipate J & J Snack Foods Corp (NASDAQ:JJSF) Will Post Quarterly Sales of $228.75 Million

Analysts expect that J & J Snack Foods Corp (NASDAQ:JJSF) will post $228.75 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for J & J Snack Foods’ earnings, with the lowest sales estimate coming in at $225.50 million and the highest estimate coming in at $232.00 million. J & J Snack Foods reported sales of $311.87 million in the same quarter last year, which would suggest a negative year over year growth rate of 26.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, November 5th.

According to Zacks, analysts expect that J & J Snack Foods will report full-year sales of $998.50 million for the current year, with estimates ranging from $995.00 million to $1.00 billion. For the next year, analysts anticipate that the firm will report sales of $1.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover J & J Snack Foods.

J & J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, July 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.29). J & J Snack Foods had a return on equity of 5.16% and a net margin of 3.49%. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $186.07 million. During the same quarter in the prior year, the company earned $1.63 EPS. The company’s revenue for the quarter was down 34.4% on a year-over-year basis.

A number of research firms recently weighed in on JJSF. Zacks Investment Research cut J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. ValuEngine upgraded J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $162.00.

A number of hedge funds and other institutional investors have recently modified their holdings of JJSF. Wells Fargo & Company MN grew its holdings in J & J Snack Foods by 35.2% in the 1st quarter. Wells Fargo & Company MN now owns 511,460 shares of the company’s stock valued at $61,886,000 after buying an additional 133,104 shares in the last quarter. Macquarie Group Ltd. grew its holdings in J & J Snack Foods by 15.2% in the 2nd quarter. Macquarie Group Ltd. now owns 943,057 shares of the company’s stock valued at $119,891,000 after buying an additional 124,286 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in J & J Snack Foods by 73.5% in the 1st quarter. Champlain Investment Partners LLC now owns 239,015 shares of the company’s stock valued at $28,921,000 after buying an additional 101,215 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in J & J Snack Foods by 47.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 263,180 shares of the company’s stock valued at $33,458,000 after buying an additional 84,184 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in J & J Snack Foods by 176.1% in the 1st quarter. JPMorgan Chase & Co. now owns 86,905 shares of the company’s stock valued at $10,516,000 after buying an additional 55,428 shares in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of J & J Snack Foods stock traded down $0.12 on Friday, reaching $135.76. 138,886 shares of the company were exchanged, compared to its average volume of 126,642. J & J Snack Foods has a one year low of $105.67 and a one year high of $196.84. The company has a 50-day moving average of $132.60 and a 200 day moving average of $130.21. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 69.33 and a beta of 0.59.

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

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