J & J Snack Foods Corp. (NASDAQ:JJSF) Receiving Somewhat Positive News Coverage, Report Finds
Headlines about J & J Snack Foods Corp. (NASDAQ:JJSF) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. J & J Snack Foods Corp. earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.2426967425159 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- J & J Snack Foods Corp. (NASDAQ:JJSF) Expected to Announce Quarterly Sales of $281.15 Million (americanbankingnews.com)
- J & J Snack Foods Corp. (JJSF) Position Up in Latest Report from Dimensional Fund Advisors Lp (highlightpress.com)
- See what the IHS Markit Score report has to say about J & J Snack Foods Corp. (finance.yahoo.com)
- Neuberger Berman Group LLC Modifies Its Ownership in J & J Snack Foods Corp. (JJSF) Stock (modernreaders.com)
- J & J Snack Foods Corp. (NASDAQ:JJSF) to Buyback 500000 Stock (expressnewsline.com)
Several research analysts recently weighed in on JJSF shares. Zacks Investment Research downgraded J & J Snack Foods Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th. BidaskClub upgraded J & J Snack Foods Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
J & J Snack Foods Corp. (NASDAQ:JJSF) traded down 0.19% during mid-day trading on Friday, reaching $128.02. The company’s stock had a trading volume of 59,573 shares. J & J Snack Foods Corp. has a one year low of $102.81 and a one year high of $143.21. The stock’s 50 day moving average is $130.92 and its 200 day moving average is $132.44. The firm has a market cap of $2.40 billion, a PE ratio of 31.93 and a beta of 0.72.
J & J Snack Foods Corp. (NASDAQ:JJSF) last released its quarterly earnings results on Monday, July 24th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by $0.15. J & J Snack Foods Corp. had a return on equity of 11.55% and a net margin of 7.33%. The company had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $297.83 million. During the same period in the prior year, the business earned $1.43 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that J & J Snack Foods Corp. will post $4.19 EPS for the current year.
J & J Snack Foods Corp. declared that its board has initiated a share buyback program on Friday, August 4th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 14th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, September 13th. J & J Snack Foods Corp.’s dividend payout ratio is currently 41.90%.
In other J & J Snack Foods Corp. news, insider Robert Joseph Pape sold 3,000 shares of J & J Snack Foods Corp. stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $131.29, for a total value of $393,870.00. Following the sale, the insider now owns 15,221 shares of the company’s stock, valued at approximately $1,998,365.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.00% of the company’s stock.
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J & J Snack Foods Corp. Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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