J & J Snack Foods Corp (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, December 11th, Wall Street Journal reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.575 per share on Tuesday, January 7th. This represents a $2.30 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.50.
NASDAQ JJSF opened at $185.02 on Friday. The stock’s 50-day moving average price is $187.02 and its 200-day moving average price is $180.69. J & J Snack Foods has a 52 week low of $138.40 and a 52 week high of $196.84. The company has a market capitalization of $3.54 billion, a P/E ratio of 37.38 and a beta of 0.32.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.09). J & J Snack Foods had a return on equity of 11.75% and a net margin of 7.99%. The company had revenue of $311.87 million during the quarter, compared to the consensus estimate of $309.50 million. During the same period last year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that J & J Snack Foods will post 5.22 EPS for the current fiscal year.
Several equities research analysts recently commented on JJSF shares. ValuEngine cut J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub cut J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Zacks Investment Research cut J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Consumer Edge cut J & J Snack Foods from an “overweight” rating to an “equal weight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $176.50.
In other J & J Snack Foods news, Director Sidney R. Brown sold 1,400 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $185.90, for a total value of $260,260.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gerald B. Shreiber sold 1,947 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $187.92, for a total transaction of $365,880.24. The disclosure for this sale can be found here. Company insiders own 21.00% of the company’s stock.
About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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