The President & CEO of J & J Snack Foods is Exercising Options
Today it was reported that the President & CEO of J & J Snack Foods (NASDAQ: JJSF), Gerald Shreiber, exercised options to buy 20,000 JJSF shares at $34.17 a share, for a total transaction value of $683.4K. The options were close to expired and Gerald Shreiber retained stocks.
Following Gerald Shreiber’s last JJSF Buy transaction on December 01, 2014, the stock climbed by 48.8%. In addition to Gerald Shreiber, 2 other JJSF executives reported Buy trades in the last month.
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Based on J & J Snack Foods’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $306 million and quarterly net profit of $26.13 million. In comparison, last year the company earned revenue of $295 million and had a net profit of $25.3 million. JJSF’s market cap is $2.79B and the company has a P/E ratio of 26.81. Currently, J & J Snack Foods has an average volume of 20.2K.
In the last 30 days, insiders have sold $1.52M worth of JJSF shares and purchased $683.4K worth of JJSF shares. The insider sentiment on J & J Snack Foods has been negative according to 13 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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J&J Snack Foods Corp. manufactures nutritional snack foods and distributes frozen beverages to the food service and retail supermarket industries. It operates through the following segment: Food Service, Retail Supermarkets, and Frozen Beverages.