J&J Snack Foods Corp. (NASDAQ:JJSF – Get Free Report) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.78 per share on Tuesday, January 7th. This represents a $3.12 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, December 17th.
J&J Snack Foods has raised its dividend by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 20 years. J&J Snack Foods has a payout ratio of 51.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect J&J Snack Foods to earn $7.10 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 43.9%.
J&J Snack Foods Price Performance
Shares of JJSF traded down $1.22 during mid-day trading on Wednesday, hitting $163.91. 23,463 shares of the company’s stock were exchanged, compared to its average volume of 86,365. J&J Snack Foods has a 52 week low of $133.23 and a 52 week high of $180.80. The company has a market cap of $3.18 billion, a PE ratio of 37.11 and a beta of 0.63. The company has a 50-day simple moving average of $168.42 and a 200 day simple moving average of $166.69.
Insiders Place Their Bets
In related news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 22.20% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Benchmark restated a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research note on Friday, November 15th.
J&J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.
See Also
- Five stocks we like better than J&J Snack Foods
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- Target Results Are Not a Retail Bellwether: Why the Dip Is a Buy
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Williams-Sonoma Stock: Buy It and Never Let It Go
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- 5 Dividend ETFs to Buy and Hold Forever
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.