J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 684,600 shares, a decrease of 13.2% from the April 30th total of 788,400 shares. Based on an average daily trading volume, of 156,300 shares, the days-to-cover ratio is currently 4.4 days. Approximately 4.5% of the company's stock are short sold.
J&J Snack Foods Price Performance
JJSF traded up $2.33 during trading hours on Friday, hitting $116.00. 115,334 shares of the stock were exchanged, compared to its average volume of 111,429. The stock has a 50-day simple moving average of $123.96 and a 200-day simple moving average of $137.35. J&J Snack Foods has a 12 month low of $111.11 and a 12 month high of $180.80. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 26.73 and a beta of 0.44.
J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The firm had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same quarter last year, the business earned $0.84 earnings per share. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts expect that J&J Snack Foods will post 4.75 EPS for the current year.
J&J Snack Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.69%. The ex-dividend date is Tuesday, June 17th. J&J Snack Foods's dividend payout ratio (DPR) is presently 80.00%.
Hedge Funds Weigh In On J&J Snack Foods
Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in J&J Snack Foods by 1.8% during the first quarter. Rhumbline Advisers now owns 43,350 shares of the company's stock worth $5,710,000 after purchasing an additional 765 shares during the last quarter. Intech Investment Management LLC lifted its stake in J&J Snack Foods by 50.9% in the first quarter. Intech Investment Management LLC now owns 11,386 shares of the company's stock valued at $1,500,000 after buying an additional 3,842 shares during the last quarter. Jane Street Group LLC lifted its stake in J&J Snack Foods by 465.8% in the first quarter. Jane Street Group LLC now owns 25,746 shares of the company's stock valued at $3,391,000 after buying an additional 21,196 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in J&J Snack Foods in the first quarter valued at $764,000. Finally, Petrus Trust Company LTA bought a new stake in J&J Snack Foods in the first quarter valued at $567,000. 76.04% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on JJSF. Benchmark reduced their target price on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen upgraded J&J Snack Foods from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Jefferies Financial Group reduced their target price on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th.
Check Out Our Latest Analysis on J&J Snack Foods
About J&J Snack Foods
(
Get Free Report)
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.
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