J&J Snack Foods Corp. (NASDAQ:JJSF) Announces $0.63 Quarterly Dividend

J&J Snack Foods Corp. (NASDAQ:JJSFGet Rating) announced a quarterly dividend on Friday, May 20th, Zacks reports. Investors of record on Monday, June 20th will be paid a dividend of 0.633 per share on Monday, July 11th. This represents a $2.53 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, June 16th.

J&J Snack Foods has raised its dividend payment by an average of 10.2% per year over the last three years and has increased its dividend annually for the last 18 consecutive years. J&J Snack Foods has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J&J Snack Foods to earn $4.70 per share next year, which means the company should continue to be able to cover its $2.53 annual dividend with an expected future payout ratio of 53.8%.

Shares of JJSF opened at $123.03 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 37.97 and a beta of 0.56. The company’s 50-day moving average price is $146.43 and its 200 day moving average price is $150.79. J&J Snack Foods has a 12-month low of $117.45 and a 12-month high of $181.71.

J&J Snack Foods (NASDAQ:JJSFGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.50). The business had revenue of $281.51 million for the quarter, compared to analysts’ expectations of $309.00 million. J&J Snack Foods had a return on equity of 7.47% and a net margin of 4.98%. During the same quarter last year, the company earned $0.32 earnings per share. As a group, research analysts anticipate that J&J Snack Foods will post 2.83 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in JJSF. Eaton Vance Management raised its stake in shares of J&J Snack Foods by 53.8% during the first quarter. Eaton Vance Management now owns 255,187 shares of the company’s stock worth $39,579,000 after purchasing an additional 89,278 shares during the last quarter. BlackRock Inc. raised its position in J&J Snack Foods by 3.9% in the fourth quarter. BlackRock Inc. now owns 2,285,347 shares of the company’s stock worth $360,993,000 after acquiring an additional 86,718 shares in the last quarter. Millennium Management LLC raised its position in J&J Snack Foods by 321.7% in the fourth quarter. Millennium Management LLC now owns 70,003 shares of the company’s stock worth $11,058,000 after acquiring an additional 53,401 shares in the last quarter. State Street Corp raised its position in J&J Snack Foods by 4.9% in the first quarter. State Street Corp now owns 515,174 shares of the company’s stock worth $80,224,000 after acquiring an additional 23,970 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in J&J Snack Foods by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,513,929 shares of the company’s stock worth $234,811,000 after acquiring an additional 14,425 shares in the last quarter. Institutional investors and hedge funds own 76.80% of the company’s stock.

JJSF has been the subject of a number of research analyst reports. TheStreet downgraded J&J Snack Foods from a “b-” rating to a “c+” rating in a report on Tuesday, March 29th. Zacks Investment Research downgraded J&J Snack Foods from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Finally, StockNews.com initiated coverage on J&J Snack Foods in a report on Thursday, March 31st. They issued a “hold” rating for the company.

J&J Snack Foods Company Profile (Get Rating)

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 in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

Further Reading

Dividend History for J&J Snack Foods (NASDAQ:JJSF)

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