J&J Snack Foods Corp. (NASDAQ:JJSF – Get Free Report) 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.
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.
Get Our Latest Stock Report on J&J Snack Foods
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.
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