J & J Snack Foods (NASDAQ:JJSF) Reaches New 12-Month Low - Time to Sell?

Key Points

• J & J Snack Foods has reached a new 52-week low at $90.85, closing at $91.08 with a trading volume of 46,224 shares.
• Analysts currently hold a consensus rating of "Hold" for JJSF, with an average target price set at $142.50, after a recent upgrade from a "sell" to "hold" rating.
• The company reported a quarterly earnings per share (EPS) of $2.00, exceeding expectations and showing a 3.3% year-over-year revenue growth.

J & J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $90.85 and last traded at $91.08, with a volume of 46224 shares traded. The stock had previously closed at $92.21.

Analysts Set New Price Targets

A number of research analysts have recently commented on JJSF shares. Wall Street Zen raised shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of J & J Snack Foods in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, J & J Snack Foods currently has a consensus rating of "Hold" and an average target price of $142.50.

J & J Snack Foods Price Performance

The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 21.22 and a beta of 0.38. The firm's fifty day moving average is $102.34 and its 200-day moving average is $113.25.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.26. The firm had revenue of $454.30 million for the quarter, compared to analysts' expectations of $445.98 million. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.98 earnings per share. On average, sell-side analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 16th were issued a $0.80 dividend. This is a boost from J & J Snack Foods's previous quarterly dividend of $0.78. This represents a $3.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. J & J Snack Foods's dividend payout ratio is currently 74.59%.

Institutional Trading of J & J Snack Foods

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in J & J Snack Foods by 2.7% during the first quarter. Principal Financial Group Inc. now owns 77,823 shares of the company's stock valued at $10,251,000 after purchasing an additional 2,026 shares during the last quarter. Raymond James Financial Inc. increased its stake in J & J Snack Foods by 877.3% during the first quarter. Raymond James Financial Inc. now owns 42,484 shares of the company's stock valued at $5,597,000 after purchasing an additional 38,137 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in J & J Snack Foods by 10.1% during the first quarter. Envestnet Asset Management Inc. now owns 26,615 shares of the company's stock valued at $3,506,000 after purchasing an additional 2,431 shares during the last quarter. Bank of New York Mellon Corp increased its stake in J & J Snack Foods by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 162,460 shares of the company's stock valued at $21,399,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in J & J Snack Foods during the first quarter valued at $764,000. Institutional investors own 76.04% of the company's stock.

About J & J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.