J & J Snack Foods Corp. (JJSF) to Issue Quarterly Dividend of $0.80 on April 7th

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.80 per share on Tuesday, April 7th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 17th.

J & J Snack Foods has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. J & J Snack Foods has a payout ratio of 64.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 $3.20 annual dividend with an expected future payout ratio of 55.5%.

J & J Snack Foods Price Performance

Shares of JJSF stock opened at $82.28 on Friday. J & J Snack Foods has a 1-year low of $80.00 and a 1-year high of $142.69. The firm has a market cap of $1.56 billion, a PE ratio of 26.20 and a beta of 0.34. The company has a 50-day moving average of $88.74 and a two-hundred day moving average of $92.37.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. The business had revenue of $343.78 million for the quarter, compared to the consensus estimate of $365.95 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue was down 5.2% on a year-over-year basis. Sell-side analysts anticipate that J & J Snack Foods will post 4.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JJSF shares. Zacks Research lowered shares of J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Benchmark reiterated a “buy” rating on shares of J & J Snack Foods in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $130.00.

J & J Snack Foods Company Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.