J & J Snack Foods Corp (NASDAQ:JJSF) announced a quarterly dividend on Thursday, November 30th, RTT News reports. Investors of record on Wednesday, December 13th will be paid a dividend of 0.45 per share on Thursday, January 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42.
J & J Snack Foods has increased its dividend by an average of 34.6% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. J & J Snack Foods has a payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J & J Snack Foods to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 38.4%.
Shares of J & J Snack Foods (NASDAQ:JJSF) traded down $2.65 on Tuesday, reaching $149.18. The company had a trading volume of 190,618 shares, compared to its average volume of 121,950. The company has a market capitalization of $2,834.25, a P/E ratio of 35.52 and a beta of 0.81. J & J Snack Foods has a 12 month low of $121.20 and a 12 month high of $157.33.
J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. The company had revenue of $316.73 million during the quarter, compared to the consensus estimate of $287.91 million. During the same period last year, the company earned $1.10 earnings per share. J & J Snack Foods’s revenue was up 20.8% on a year-over-year basis. sell-side analysts predict that J & J Snack Foods will post 4.45 EPS for the current fiscal year.
Several research firms have recently weighed in on JJSF. CL King began coverage on J & J Snack Foods in a research report on Tuesday, December 19th. They set a “buy” rating for the company. Zacks Investment Research downgraded J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. Finally, Jefferies Group set a $130.00 target price on J & J Snack Foods and gave the stock a “hold” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $135.00.
J & J Snack Foods Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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