J&J Snack Foods Corp. (JJSF) Shares Gap Up to $121.33
J&J Snack Foods Corp. (NASDAQ:JJSF) shares gapped up before the market opened on Friday . The stock had previously closed at $121.17, but opened at $121.33. J&J Snack Foods Corp. shares last traded at $121.59, with a volume of 23,954 shares traded.
Separately, Zacks Investment Research lowered J&J Snack Foods Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th.
The firm’s 50 day moving average is $114.58 and its 200 day moving average is $108.30. The stock has a market capitalization of $2.26 billion and a price-to-earnings ratio of 31.31.
J&J Snack Foods Corp. (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, April 25th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. The firm earned $229.70 million during the quarter, compared to the consensus estimate of $231.58 million. During the same quarter in the prior year, the business posted $0.78 EPS. J&J Snack Foods Corp.’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that J&J Snack Foods Corp. will post $4.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Wednesday, June 15th were given a $0.39 dividend. The ex-dividend date was Monday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.29%.
In other J&J Snack Foods Corp. news, SVP Robert Joseph Pape sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $103.43, for a total value of $310,290.00. Following the completion of the sale, the senior vice president now owns 15,186 shares in the company, valued at approximately $1,570,687.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Other institutional investors recently modified their holdings of the company. State of Tennessee Treasury Department bought a new position in shares of J&J Snack Foods Corp. during the fourth quarter worth about $1,353,000. Employees Retirement System of Texas bought a new position in shares of J&J Snack Foods Corp. during the fourth quarter worth about $1,517,000. Monarch Partners Asset Management LLC boosted its position in shares of J&J Snack Foods Corp. by 98.3% in the fourth quarter. Monarch Partners Asset Management LLC now owns 42,975 shares of the company’s stock worth $5,014,000 after buying an additional 21,300 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of J&J Snack Foods Corp. by 44.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 90,500 shares of the company’s stock worth $11,176,000 after buying an additional 27,800 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of J&J Snack Foods Corp. by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 99,187 shares of the company’s stock worth $11,572,000 after buying an additional 4,253 shares during the last quarter.
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. The Company’s food service segment is engaged in selling primary products, such as soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods.