J & J Snack Foods (NASDAQ:JJSF) posted its earnings results on Thursday. The company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.08), Briefing.com reports. The company had revenue of $300.72 million for the quarter, compared to the consensus estimate of $306.48 million. J & J Snack Foods had a net margin of 9.06% and a return on equity of 11.36%. J & J Snack Foods’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 EPS.
JJSF traded down $1.58 during midday trading on Friday, hitting $154.92. 114,650 shares of the company traded hands, compared to its average volume of 69,539. J & J Snack Foods has a 52 week low of $125.98 and a 52 week high of $162.80. The stock has a market capitalization of $2.94 billion, a P/E ratio of 38.16, a P/E/G ratio of 3.16 and a beta of 0.41.
Several equities analysts have issued reports on JJSF shares. BidaskClub cut shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Zacks Investment Research upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $145.50.
In other news, SVP Dennis G. Moore sold 5,250 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the completion of the sale, the senior vice president now owns 80,877 shares of the company’s stock, valued at approximately $11,738,487.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.00% of the stock is owned by corporate insiders.
About J & J Snack Foods
J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
Featured Article: How Do You Calculate Return on Investment (ROI)?
Receive News & Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related companies with MarketBeat.com's FREE daily email newsletter.