J & J Snack Foods (NASDAQ:JJSF) Releases Earnings Results, Beats Expectations By $0.01 EPS

J & J Snack Foods (NASDAQ:JJSF) announced its quarterly earnings results on Wednesday. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01, FiscalAI reports. The firm had revenue of $344.82 million for the quarter, compared to the consensus estimate of $349.67 million. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share.

Here are the key takeaways from J & J Snack Foods’ conference call:

• Adjusted EBITDA rose 9.5% year‑over‑year to $28.7 million and adjusted EPS increased 14.3% to $0.40, achieved despite a 3.2% sales decline to $344.8 million.
• Management says Project Apollo and plant consolidations are driving gross margin expansion and they expect at least $20 million of annualized savings, with remaining administrative and distribution savings slated to ramp in Q3–Q4.
• Top‑line softness remains a concern: food service sales fell 5% (largely from planned bakery SKU rationalization and a large customer’s inventory drawdown) and retail sales declined 4.1% due to higher slotting fees and trade investments.
• Rising fuel costs create a clear headwind—management estimates an approximate $3.5 million distribution cost exposure in the second half if fuel stays at current levels and noted fuel pressure can dampen convenience‑store and food‑service demand.
• Balance sheet and capital returns remain strong: $22 million of share repurchases in the quarter (about $95 million returned in H1 including dividends), roughly $31 million cash net of debt and $181 million of revolver capacity.

J & J Snack Foods Price Performance

NASDAQ JJSF traded down $1.01 on Thursday, reaching $77.65. 130,390 shares of the company’s stock traded hands, compared to its average volume of 266,482. J & J Snack Foods has a 12 month low of $73.75 and a 12 month high of $129.24. The stock has a 50-day simple moving average of $81.89 and a 200 day simple moving average of $87.11. The stock has a market cap of $1.48 billion, a PE ratio of 24.74 and a beta of 0.43.

J & J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, March 17th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 101.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of J & J Snack Foods by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 544,928 shares of the company’s stock worth $49,244,000 after purchasing an additional 2,143 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of J & J Snack Foods by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 382,879 shares of the company’s stock worth $34,607,000 after purchasing an additional 1,909 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of J & J Snack Foods by 2.9% in the second quarter. Bank of America Corp DE now owns 354,253 shares of the company’s stock worth $40,176,000 after purchasing an additional 9,820 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of J & J Snack Foods by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 217,164 shares of the company’s stock worth $19,625,000 after purchasing an additional 26,665 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of J & J Snack Foods by 295.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 171,718 shares of the company’s stock worth $15,518,000 after purchasing an additional 128,301 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

JJSF has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Friday, March 27th. Benchmark restated a “buy” rating on shares of J & J Snack Foods in a research report on Tuesday, January 20th. Finally, Zacks Research cut shares of J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $130.00.

J & J Snack Foods declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 3rd that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

J & J Snack Foods Company Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.