Q3 2024 EPS Estimates for J&J Snack Foods Corp. (NASDAQ:JJSF) Lowered by Analyst

J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) - Research analysts at William Blair cut their Q3 2024 earnings per share (EPS) estimates for shares of J&J Snack Foods in a research report issued to clients and investors on Tuesday, May 7th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $1.93 for the quarter, down from their prior estimate of $2.07. The consensus estimate for J&J Snack Foods' current full-year earnings is $5.06 per share.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.21. The firm had revenue of $359.73 million for the quarter, compared to analysts' expectations of $341.08 million. J&J Snack Foods had a return on equity of 10.74% and a net margin of 5.45%. J&J Snack Foods's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS.

Separately, Benchmark reissued a "buy" rating and issued a $195.00 price target on shares of J&J Snack Foods in a research note on Tuesday.

J&J Snack Foods Trading Up 0.5 %

JJSF traded up $0.78 during trading on Friday, reaching $163.39. The company had a trading volume of 56,962 shares, compared to its average volume of 77,368. The firm's 50-day simple moving average is $141.30 and its 200 day simple moving average is $153.65. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 36.80 and a beta of 0.54. J&J Snack Foods has a 12-month low of $133.23 and a 12-month high of $177.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.40.

Institutional Investors Weigh In On J&J Snack Foods

Several large investors have recently made changes to their positions in the company. Operose Advisors LLC acquired a new position in shares of J&J Snack Foods during the third quarter worth approximately $28,000. Fidelis Capital Partners LLC acquired a new position in shares of J&J Snack Foods in the first quarter valued at $29,000. Headlands Technologies LLC acquired a new position in shares of J&J Snack Foods in the third quarter valued at $32,000. YHB Investment Advisors Inc. acquired a new position in shares of J&J Snack Foods in the first quarter valued at $44,000. Finally, Quantbot Technologies LP acquired a new position in shares of J&J Snack Foods in the third quarter valued at $69,000. Institutional investors own 76.04% of the company's stock.

Insiders Place Their Bets

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $147.73, for a total value of $92,331.25. Following the completion of the sale, the director now owns 69,459 shares of the company's stock, valued at approximately $10,261,178.07. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 22.20% of the company's stock.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.94 dividend on an annualized basis and a yield of 1.80%. J&J Snack Foods's payout ratio is presently 66.22%.

About J&J Snack Foods

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.