J&J Snack Foods (NASDAQ:JJSF) Issues Quarterly Earnings Results, Beats Estimates By $0.21 EPS

J&J Snack Foods (NASDAQ:JJSF) announced its quarterly earnings data on Monday. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.63 by $0.21, Briefing.com reports. The business had revenue of $359.73 million for the quarter, compared to analyst estimates of $341.08 million. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share.

J&J Snack Foods Price Performance

JJSF traded up $18.51 during midday trading on Tuesday, hitting $156.41. The stock had a trading volume of 61,223 shares, compared to its average volume of 90,239. The company has a market cap of $3.03 billion, a P/E ratio of 38.06 and a beta of 0.54. J&J Snack Foods has a 1 year low of $133.23 and a 1 year high of $177.71. The business has a fifty day moving average of $140.25 and a 200 day moving average of $153.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.40.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, March 18th. J&J Snack Foods’s dividend payout ratio (DPR) is currently 71.53%.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $195.00 price objective on shares of J&J Snack Foods in a research note on Tuesday.

Insider Activity at J&J Snack Foods

In other J&J Snack Foods news, Director Marjorie Shreiber Roshkoff sold 625 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $147.73, for a total value of $92,331.25. Following the completion of the sale, the director now owns 69,459 shares in the company, valued at $10,261,178.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.20% of the stock is owned by insiders.

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.