A Quick Rundown of JJSF Ahead of Earnings

What caused JJSF’s massive bullish run to come to an abrupt end in 2020?

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J & J Snack Foods Corp. (NASDAQ:JJSF) is an American manufacturer and distributor of branded snack foods and frozen beverages. Products include a slew of childhood favorites Icee, Luigi’s Italian Ice, The Funnel Cake Factory Funnel Cakes, and Tio Pepe’s Churros.

So far in 2021, JJSF stock has seen little movement. The shares have traded between $150 and $160 for the last month, and are a ways from their January 2020 annual highs of $189.16.  

The past 12 months were not great for J & J Snack Foods. The company’s stock came crashing down after a massive bullish run that lasted well over a decade. Although the COVID-19 pandemic contributed greatly, of course, JJSF’s bearish form began before the pandemic hit, and was seemingly triggered by the company’s poor earnings performance. With JJSF earnings due out after the close on Monday, Jan. 25 , it's prudent to dig into previous earnings reports and their results.

 J & J Snack Foods stock beat expectations on just one of its earnings reports released in 2020. This resulted in post-earnings drops of 10.7% last January, and a 3.1% fall in late July. Overall, after the last eight reports, JJSF averages a post-earnings move of 4.6%, regardless of direction. This time around, the options market is pricing in a 4.6% move for the upcoming report.

 J & J Snack Foods last paid a quarterly cash dividend to stockholders of $0.575 per share of its common stock. JJSF also has a forward dividend of $2.30 and a forward dividend yield of 1.52%. JJSF have paid dividends to stockholders since 2010.

From a fundamental point of view, J & J Snack Foods stock is simply not an ideal investment at this time. JJSF has had stagnant revenue growth and is incredibly inconsistent with its top and bottom line. In addition, the company's net profits seem to be in a general state of decline over the past few years. The company’s annual net income is $20 million lower than it was in 2018. To top it all off, JJSF stock has an exaggerated price-earnings ratio of 158.29.

 

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