J&J Snack Foods Corp. (NASDAQ:JJSF) to Issue Quarterly Dividend of $0.74

J&J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Wednesday, November 15th, Zacks reports. Stockholders of record on Tuesday, December 19th will be given a dividend of 0.735 per share on Tuesday, January 9th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, December 18th.

J&J Snack Foods has raised its dividend payment by an average of 8.7% annually over the last three years and has raised its dividend annually for the last 19 consecutive years. J&J Snack Foods has a payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J&J Snack Foods to earn $5.95 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 49.4%.

J&J Snack Foods Stock Performance

J&J Snack Foods stock opened at $168.39 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.50. J&J Snack Foods has a one year low of $133.27 and a one year high of $177.71. The stock’s 50 day moving average price is $160.84 and its 200 day moving average price is $160.33. The firm has a market capitalization of $3.25 billion, a PE ratio of 41.27 and a beta of 0.58.

J&J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Thursday, November 16th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.04. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The business had revenue of $443.90 million during the quarter, compared to the consensus estimate of $421.06 million. During the same period in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that J&J Snack Foods will post 5.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on JJSF. StockNews.com initiated coverage on J&J Snack Foods in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet upgraded J&J Snack Foods from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, Benchmark lifted their price target on shares of J&J Snack Foods from $170.00 to $190.00 in a research note on Wednesday, August 2nd.

Institutional Trading of J&J Snack Foods

Institutional investors and hedge funds have recently bought and sold shares of the company. Eagle Bay Advisors LLC grew its holdings in J&J Snack Foods by 144.2% in the 2nd quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock worth $26,000 after buying an additional 111 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of J&J Snack Foods in the fourth quarter valued at $69,000. Tower Research Capital LLC TRC boosted its stake in J&J Snack Foods by 260.8% during the first quarter. Tower Research Capital LLC TRC now owns 469 shares of the company’s stock valued at $70,000 after buying an additional 339 shares in the last quarter. State of Wyoming grew its holdings in J&J Snack Foods by 49.9% during the second quarter. State of Wyoming now owns 538 shares of the company’s stock worth $85,000 after acquiring an additional 179 shares during the period. Finally, FMR LLC raised its position in J&J Snack Foods by 15.6% in the second quarter. FMR LLC now owns 717 shares of the company’s stock worth $100,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.

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, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.