J&J Snack Foods (NASDAQ:JJSF) Releases Quarterly Earnings Results, Misses Expectations By $0.29 EPS

J&J Snack Foods (NASDAQ:JJSF) released its earnings results on Monday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29), Zacks reports. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%.

J&J Snack Foods Stock Performance

JJSF stock opened at $124.05 on Wednesday. The company’s fifty day moving average price is $153.82 and its 200-day moving average price is $163.37. J&J Snack Foods has a one year low of $116.60 and a one year high of $180.80. The company has a market capitalization of $2.42 billion, a PE ratio of 27.88 and a beta of 0.64.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Tuesday, December 17th. J&J Snack Foods’s payout ratio is currently 70.11%.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday.

About J&J Snack Foods

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.