J&J Snack Foods posts 4Q profit

(NASDAQ:JJSF) has trended somewhat positive this week, according to Accern Sentiment. This represents a $1.68 dividend on an annualized basis and a yield of 1.30%. FMR LLC owned approximately 0.90% of J&J Snack Foods Corp. worth $22,388,000 at the end of the most recent reporting period. Investors and analysts will be closely monitoring company shares as we approach the next earnings report date. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Filtering through the enormous amount of data collected on publically traded companies can seem treacherous. J & J Snack Foods Corp. has a 12-month low of $102.81 and a 12-month high of $143.21. The stock has a market capitalization of $2,445.77, a PE ratio of 32.55 and a beta of 0.75. 55,952 shares of the stock were exchanged, compared to its average volume of 46,971. Virginia Retirement Systems ET AL boosted its stake in J&J Snack Foods 59.3% in the second quarter.

For the year, the company reported profit of $79.2 million, or $4.21 per share. After a recent look, shares have been seen -1.40% from the 200-day moving average, and -0.07% from the 50-day moving average. The company had revenue of $262.24 million for the quarter, compared to the consensus estimate of $265.65 million. During the same period a year ago, the business posted $1.05 earnings per share.

Depending on the earnings numbers reported, J&J Snack Foods Corp.

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Several other institutional investors have also added to or reduced their stakes in the company.

Checking out some other company technical data, we have noted that J J Snack Foods (JJSF) now has a 9 day raw stochastic value of 31.37%. This buyback authorization allows the company to buy shares of its stock through open market purchases. Macquarie Group Ltd. lifted its position in shares of J & J Snack Foods 11.3% during the second quarter. Looking back over the last month, shares have performed -2.41%. For the quarter, performance is at 0.90%. The number of shares now owned by investors are 18.7 mln. Finally, AQR Capital Management LLC raised its stake in shares of J&J Snack Foods 1.8% in the second quarter. AQR Capital Management LLC now owns 12,512 shares of the company's stock valued at $1,492,000 after buying an additional 218 shares during the period. Institutional investors and hedge funds own 68.40% of the company's stock. This gives us conviction in analysts' expectations as JJSF has already illustrated their ability to grow at this rate. KeyCorp initiated coverage on shares of J&J Snack Foods a report on Monday, August 22nd. They set a "sector weight" rating for the company. Zacks Investment Research lowered shares of J&J Snack Foods Corp. from a "hold" rating to a "sell" rating in a report on Tuesday, November 8th.

Heading into the earnings release, covering analysts have a consensus target price of $123.33 on J&J Snack Foods Corp. shares.

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