FY2024 EPS Estimates for J&J Snack Foods Corp. (NASDAQ:JJSF) Decreased by Analyst

J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) - Investment analysts at William Blair lowered their FY2024 earnings per share (EPS) estimates for J&J Snack Foods in a note issued to investors on Tuesday, May 7th. William Blair analyst J. Andersen now expects that the company will post earnings of $5.10 per share for the year, down from their previous estimate of $5.14. The consensus estimate for J&J Snack Foods' current full-year earnings is $5.06 per share. William Blair also issued estimates for J&J Snack Foods' Q4 2024 earnings at $1.81 EPS and FY2025 earnings at $5.70 EPS.

Separately, Benchmark restated a "buy" rating and set a $195.00 price objective on shares of J&J Snack Foods in a research report on Tuesday.

J&J Snack Foods Stock Performance

NASDAQ:JJSF traded down $1.68 during mid-day trading on Thursday, hitting $162.61. 84,871 shares of the company traded hands, compared to its average volume of 93,041. The stock's fifty day moving average price is $140.95 and its 200-day moving average price is $153.58. The company has a quick ratio of 1.36, a current ratio of 2.40 and a debt-to-equity ratio of 0.01. J&J Snack Foods has a one year low of $133.23 and a one year high of $177.71. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 39.56 and a beta of 0.54.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.21. The company had revenue of $359.73 million for the quarter, compared to the consensus estimate of $341.08 million. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 19th were paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, March 18th. J&J Snack Foods's payout ratio is 71.53%.

Insider Activity

In other news, Director Marjorie Shreiber Roshkoff sold 625 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $147.73, for a total value of $92,331.25. Following the sale, the director now directly owns 69,459 shares in the company, valued at approximately $10,261,178.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 22.20% of the company's stock.

Institutional Trading of J&J Snack Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Operose Advisors LLC purchased a new position in shares of J&J Snack Foods during the 3rd quarter worth about $28,000. Fidelis Capital Partners LLC bought a new stake in shares of J&J Snack Foods during the 1st quarter worth approximately $29,000. Headlands Technologies LLC bought a new position in J&J Snack Foods in the 3rd quarter valued at $32,000. YHB Investment Advisors Inc. purchased a new stake in J&J Snack Foods in the first quarter worth $44,000. Finally, Quantbot Technologies LP bought a new stake in shares of J&J Snack Foods during the third quarter worth $69,000. Hedge funds and other institutional investors own 76.04% of the company's stock.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.