J & J Snack Foods Corp. (JJSF) to Issue Quarterly Dividend of $0.80 on July 7th

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.80 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 4.2%. 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 dividend payout ratio of 64.1% meaning its dividend is sufficiently covered by earnings. Equities 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 1.4%

NASDAQ:JJSF opened at $76.12 on Friday. The business’s 50-day simple moving average is $78.43 and its two-hundred day simple moving average is $85.35. The stock has a market cap of $1.43 billion, a PE ratio of 25.54 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 quarterly earnings results on Wednesday, May 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.The business had revenue of $344.82 million for the quarter, compared to analysts’ expectations of $349.67 million. During the same period last year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that J & J Snack Foods will post 4.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On J & J Snack Foods

Several large investors have recently made changes to their positions in the company. Allworth Financial LP increased its stake in J & J Snack Foods by 485.1% during the fourth quarter. Allworth Financial LP now owns 275 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares during the last quarter. Global Retirement Partners LLC increased its stake in J & J Snack Foods by 1,133.3% during the fourth quarter. Global Retirement Partners LLC now owns 333 shares of the company’s stock worth $30,000 after acquiring an additional 306 shares during the last quarter. IFP Advisors Inc increased its position in shares of J & J Snack Foods by 1,450.0% during the 4th quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 319 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of J & J Snack Foods by 58.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of J & J Snack Foods by 897.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 439 shares of the company’s stock valued at $40,000 after purchasing an additional 395 shares during the last quarter. 76.04% of the stock is owned by institutional investors.

About J & J Snack Foods

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.