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

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, May 22nd, Zacks reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.735 per share on Tuesday, July 9th. This represents a $2.94 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, June 18th.

J&J Snack Foods has raised its dividend payment by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 19 years. J&J Snack Foods has a dividend payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect J&J Snack Foods to earn $5.96 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 49.3%.

J&J Snack Foods Price Performance

J&J Snack Foods stock opened at $164.37 on Friday. The business has a 50-day simple moving average of $152.13 and a 200 day simple moving average of $154.04. J&J Snack Foods has a 52 week low of $133.23 and a 52 week high of $177.71. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 37.02 and a beta of 0.60. The company has a quick ratio of 1.33, a current ratio of 2.41 and a debt-to-equity ratio of 0.02.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.63 by $0.21. The company had revenue of $359.73 million during the quarter, compared to analyst estimates of $341.08 million. J&J Snack Foods had a return on equity of 10.71% and a net margin of 5.45%. J&J Snack Foods’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, research analysts forecast that J&J Snack Foods will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J&J Snack Foods news, VP Robert Cranmer sold 2,278 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $162.03, for a total transaction of $369,104.34. Following the transaction, the vice president now directly owns 872 shares of the company’s stock, valued at $141,290.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $195.00 price objective on shares of J&J Snack Foods in a research report on Tuesday, May 7th.

About J&J Snack Foods

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.