J & J Snack Foods Corp. (JJSF) To Go Ex-Dividend on September 15th

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Friday, August 14th. Stockholders of record on Tuesday, September 15th will be paid 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 is Tuesday, September 15th.

J & J Snack Foods has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. J & J Snack Foods has a payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 1.7%

Shares of JJSF stock opened at $89.47 on Friday. The stock has a 50-day simple moving average of $78.49 and a 200 day simple moving average of $80.26. J & J Snack Foods has a fifty-two week low of $68.87 and a fifty-two week high of $116.32. The stock has a market capitalization of $1.68 billion, a P/E ratio of 34.41 and a beta of 0.38. The company has a quick ratio of 1.47, a current ratio of 2.34 and a debt-to-equity ratio of 0.03.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.70 by $0.26. J & J Snack Foods had a net margin of 3.23% and a return on equity of 8.93%. The firm had revenue of $425.96 million for the quarter, compared to analysts’ expectations of $427.65 million. During the same period in the previous 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, sell-side analysts expect that J & J Snack Foods will post 3.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JJSF shares. Jefferies Financial Group raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $81.00 to $101.00 in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Wednesday, June 24th. Benchmark decreased their price target on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $110.50.

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.