J&J Snack Foods (NASDAQ:JJSF) Sets New 52-Week Low on Disappointing Earnings

Shares of J&J Snack Foods Corp. (NASDAQ:JJSF) hit a new 52-week low during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $132.88 and last traded at $133.03, with a volume of 81995 shares traded. The stock had previously closed at $137.23.

The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is currently 70.11%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a research note on Tuesday.

Institutional Investors Weigh In On J&J Snack Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in shares of J&J Snack Foods by 4.1% during the third quarter. Franklin Resources Inc. now owns 1,546 shares of the company’s stock worth $259,000 after purchasing an additional 61 shares during the last quarter. Creative Planning increased its position in J&J Snack Foods by 1.9% in the 3rd quarter. Creative Planning now owns 4,683 shares of the company’s stock valued at $806,000 after acquiring an additional 86 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of J&J Snack Foods by 24.0% in the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $78,000 after acquiring an additional 88 shares during the last quarter. Martingale Asset Management L P lifted its position in shares of J&J Snack Foods by 0.7% during the third quarter. Martingale Asset Management L P now owns 14,109 shares of the company’s stock worth $2,428,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of J&J Snack Foods by 27.4% during the fourth quarter. Blue Trust Inc. now owns 498 shares of the company’s stock valued at $86,000 after purchasing an additional 107 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J&J Snack Foods Stock Down 6.5 %

The business’s fifty day moving average is $153.82 and its two-hundred day moving average is $163.37. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 27.88 and a beta of 0.64.

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.