J & J Snack Foods (NASDAQ:JJSF) Cut to “Sell” at BidaskClub

BidaskClub cut shares of J & J Snack Foods (NASDAQ:JJSF) from a hold rating to a sell rating in a research report released on Wednesday morning, BidAskClub reports.

Separately, Zacks Investment Research raised General Moly from a sell rating to a hold rating in a report on Thursday, July 11th.

NASDAQ JJSF opened at $164.07 on Wednesday. The firm’s 50 day moving average is $162.92. The firm has a market capitalization of $3.09 billion, a P/E ratio of 40.41 and a beta of 0.40. J & J Snack Foods has a 1-year low of $138.40 and a 1-year high of $167.50.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, April 29th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $276.30 million for the quarter, compared to the consensus estimate of $272.30 million. J & J Snack Foods had a return on equity of 11.30% and a net margin of 7.57%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 earnings per share. As a group, equities analysts predict that J & J Snack Foods will post 4.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, June 11th. J & J Snack Foods’s payout ratio is currently 49.26%.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of J & J Snack Foods by 63.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 578 shares of the company’s stock worth $84,000 after acquiring an additional 225 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of J & J Snack Foods by 2,348.4% in the 1st quarter. Quadrant Capital Group LLC now owns 759 shares of the company’s stock worth $118,000 after acquiring an additional 728 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of J & J Snack Foods by 15.1% in the 4th quarter. Advisor Group Inc. now owns 1,050 shares of the company’s stock worth $152,000 after acquiring an additional 138 shares in the last quarter. Menta Capital LLC acquired a new position in shares of J & J Snack Foods in the 4th quarter worth approximately $236,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of J & J Snack Foods in the 1st quarter worth approximately $290,000. 73.43% of the stock is currently owned by institutional investors and hedge funds.

About J & J Snack Foods

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

Featured Article: Return on Investment (ROI) Defined, Explained

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.