J & J Snack Foods Corp. Declares Quarterly Dividend of $0.80 (NASDAQ:JJSF)

J & J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Friday, August 14th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.80 per share on Tuesday, October 6th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

J & J Snack Foods has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 20 years. J & J Snack Foods has a payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J & J Snack Foods to earn $4.30 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 74.4%.

J & J Snack Foods Stock Performance

JJSF stock opened at $89.47 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. J & J Snack Foods has a 1 year low of $68.87 and a 1 year high of $116.32. The company has a market cap of $1.68 billion, a P/E ratio of 34.41 and a beta of 0.38. The stock’s fifty day moving average price is $78.49 and its 200-day moving average price is $80.26.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.26. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.The company had revenue of $425.96 million during the quarter, compared to analysts’ expectations of $427.65 million. During the same quarter in the prior year, the business earned $2.00 earnings per share. J & J Snack Foods’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts forecast that J & J Snack Foods will post 3.98 earnings per share for the current year.

Hedge Funds Weigh In On J & J Snack Foods

A number of hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of J & J Snack Foods by 485.1% during the 4th quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after buying an additional 228 shares in the last quarter. Global Retirement Partners LLC raised its stake in J & J Snack Foods by 1,133.3% during the 4th quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock valued at $30,000 after purchasing an additional 306 shares during the period. IFP Advisors Inc lifted its holdings in J & J Snack Foods by 1,450.0% in the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock worth $31,000 after purchasing an additional 319 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in J & J Snack Foods by 58.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock valued at $36,000 after buying an additional 149 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of J & J Snack Foods during the second quarter valued at approximately $39,000. 76.04% of the stock is currently owned by institutional investors.

About J & J Snack Foods

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.