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

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Tuesday, December 16th will be given a dividend of 0.80 per share on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 16th.

J & J Snack Foods has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. J & J Snack Foods has a dividend payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect J & J Snack Foods to earn $5.77 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 55.5%.

J & J Snack Foods Trading Up 0.7%

Shares of JJSF opened at $91.84 on Friday. The firm has a fifty day simple moving average of $92.29 and a two-hundred day simple moving average of $106.68. The firm has a market cap of $1.79 billion, a PE ratio of 21.38 and a beta of 0.39. J & J Snack Foods has a 1-year low of $80.67 and a 1-year high of $176.77.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Monday, November 17th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.34. The company had revenue of $410.24 million for the quarter, compared to the consensus estimate of $424.08 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.J & J Snack Foods’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 earnings per share. As a group, research analysts forecast that J & J Snack Foods will post 4.75 EPS for the current fiscal year.

Hedge Funds Weigh In On J & J Snack Foods

A number of hedge funds and other institutional investors have recently modified their holdings of JJSF. Bank of Montreal Can grew its position in shares of J & J Snack Foods by 4.2% during the second quarter. Bank of Montreal Can now owns 2,634 shares of the company’s stock valued at $299,000 after purchasing an additional 106 shares in the last quarter. Nicolet Advisory Services LLC raised its holdings in shares of J & J Snack Foods by 4.8% in the first quarter. Nicolet Advisory Services LLC now owns 2,400 shares of the company’s stock worth $318,000 after buying an additional 110 shares during the period. Ballentine Partners LLC increased its stake in J & J Snack Foods by 6.1% in the 3rd quarter. Ballentine Partners LLC now owns 2,195 shares of the company’s stock worth $211,000 after buying an additional 127 shares during the period. Avantax Advisory Services Inc. increased its position in shares of J & J Snack Foods by 3.0% during the first quarter. Avantax Advisory Services Inc. now owns 4,835 shares of the company’s stock worth $637,000 after acquiring an additional 140 shares during the period. Finally, RK Asset Management LLC boosted its holdings in shares of J & J Snack Foods by 0.5% in the third quarter. RK Asset Management LLC now owns 29,948 shares of the company’s stock valued at $2,878,000 after purchasing an additional 144 shares during the period. Institutional investors own 76.04% of the company’s stock.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.