Equities Analysts Offer Predictions for J & J Snack Foods Corp’s FY2018 Earnings (NASDAQ:JJSF)

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J & J Snack Foods Corp (NASDAQ:JJSF) – Stock analysts at William Blair lowered their FY2018 earnings per share estimates for shares of J & J Snack Foods in a research note issued to investors on Wednesday, October 17th, according to Zacks Investment Research. William Blair analyst J. Andersen now forecasts that the company will post earnings of $4.47 per share for the year, down from their prior forecast of $4.55. William Blair also issued estimates for J & J Snack Foods’ Q4 2018 earnings at $1.25 EPS.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $300.72 million for the quarter, compared to the consensus estimate of $306.48 million. J & J Snack Foods had a net margin of 9.06% and a return on equity of 11.36%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS.

Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a research report on Thursday, October 18th. Zacks Investment Research upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $145.50.

Shares of J & J Snack Foods stock traded down $1.58 during trading on Friday, hitting $154.92. 114,650 shares of the stock were exchanged, compared to its average volume of 69,539. The firm has a market capitalization of $2.94 billion, a P/E ratio of 38.16, a P/E/G ratio of 3.16 and a beta of 0.41. J & J Snack Foods has a 12 month low of $125.98 and a 12 month high of $162.80.

In other news, SVP Dennis G. Moore sold 5,250 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the completion of the transaction, the senior vice president now owns 80,877 shares in the company, valued at $11,738,487.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Girard Partners LTD. acquired a new stake in J & J Snack Foods in the third quarter worth about $120,000. CIBC Asset Management Inc acquired a new stake in J & J Snack Foods in the second quarter worth about $206,000. Advisor Partners LLC acquired a new stake in J & J Snack Foods in the second quarter worth about $217,000. McKinley Carter Wealth Services Inc. acquired a new stake in J & J Snack Foods in the third quarter worth about $217,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in J & J Snack Foods in the second quarter worth about $220,000. Institutional investors and hedge funds own 69.74% of the company’s stock.

About J & J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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

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