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

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.78 per share on Tuesday, April 8th. This represents a $3.12 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, March 18th.

J&J Snack Foods has raised its dividend by an average of 7.0% annually over the last three years and has raised its dividend every year for the last 20 years. J&J Snack Foods has a dividend payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect J&J Snack Foods to earn $5.77 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 54.1%.

J&J Snack Foods Stock Performance

Shares of JJSF opened at $133.97 on Friday. The stock has a 50-day simple moving average of $135.00 and a 200-day simple moving average of $155.97. The stock has a market capitalization of $2.61 billion, a PE ratio of 30.87 and a beta of 0.66. J&J Snack Foods has a 1 year low of $116.60 and a 1 year high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Analysts predict that J&J Snack Foods will post 4.75 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on JJSF. Jefferies Financial Group decreased their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Benchmark restated a “buy” rating and set a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.