J & J Snack Foods Corp. (NASDAQ:JJSF) to Issue $0.80 Quarterly Dividend

J & J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.80 per share on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 16th.

J & J Snack Foods has increased its dividend by an average of 0.1%per year over the last three years and has increased 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. Research analysts expect J & J Snack Foods to earn $4.50 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 71.1%.

J & J Snack Foods Stock Down 0.2%

J & J Snack Foods stock opened at $77.22 on Friday. The firm has a 50-day moving average price of $78.41 and a two-hundred day moving average price of $85.41. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 25.91 and a beta of 0.43. J & J Snack Foods has a 52-week low of $68.87 and a 52-week high of $129.24.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $344.82 million during the quarter, compared to analyst estimates of $349.67 million. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. J & J Snack Foods’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. Research analysts expect that J & J Snack Foods will post 4.16 earnings per share for the current year.

Wall Street Analyst Weigh In

JJSF has been the subject of a number of analyst reports. Zacks Research lowered shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research note on Friday, March 27th. Finally, Benchmark reduced their target price on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $120.00.

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.