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

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 0.78 per share on Tuesday, January 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, December 17th.

J&J Snack Foods has increased its dividend payment by an average of 7.7% per year over the last three years and has raised its dividend annually for the last 20 consecutive years. J&J Snack Foods has a payout ratio of 51.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect J&J Snack Foods to earn $6.26 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 49.8%.

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $165.06 on Thursday. J&J Snack Foods has a 12-month low of $133.23 and a 12-month high of $180.80. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 37.09 and a beta of 0.63. The firm’s fifty day moving average price is $168.49 and its 200 day moving average price is $166.68.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The business had revenue of $426.76 million during the quarter, compared to analyst estimates of $428.33 million. During the same quarter last year, the firm posted $1.73 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. Analysts forecast that J&J Snack Foods will post 5.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $200.00 price target on shares of J&J Snack Foods in a research note on Friday, November 15th.

Insider Buying and Selling

In related news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 22.20% 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, 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.