J & J Snack Foods (NASDAQ:JJSF) announced its quarterly earnings results on Thursday. The company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.08), Briefing.com reports. The company had revenue of $300.72 million during the quarter, compared to analysts’ expectations of $306.48 million. J & J Snack Foods had a net margin of 9.06% and a return on equity of 11.36%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS.
Shares of JJSF traded down $1.58 during trading hours on Friday, reaching $154.92. The company had a trading volume of 114,650 shares, compared to its average volume of 69,539. The company has a market capitalization of $2.94 billion, a PE ratio of 38.16, a P/E/G ratio of 3.16 and a beta of 0.41. J & J Snack Foods has a 12-month low of $125.98 and a 12-month high of $162.80.
A number of equities analysts have recently issued reports on JJSF shares. BidaskClub downgraded shares of J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research downgraded shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $145.50.
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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.
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