J&J Snack Foods Corp. to Issue Quarterly Dividend of $0.78 (NASDAQ:JJSF)

J&J Snack Foods Corp. (NASDAQ:JJSF) 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.

J&J Snack Foods (NASDAQ:JJSF) last released its earnings results on Wednesday, November 13th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.25). The firm had revenue of $426.76 million during the quarter, compared to the consensus estimate of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. J&J Snack Foods’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 earnings per share. On average, analysts anticipate that J&J Snack Foods will post 6.05 earnings per share for the current year.

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.