J&J Snack Foods (NASDAQ:JJSF) Hits New 12-Month Low After Earnings Miss

Shares of J&J Snack Foods Corp. (NASDAQ:JJSF) reached a new 52-week low during mid-day trading on Monday after the company announced weaker than expected quarterly earnings. The company traded as low as $132.88 and last traded at $133.03, with a volume of 81995 shares traded. The stock had previously closed at $137.23.

The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%.

J&J Snack Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is currently 70.11%.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Friday, November 15th.

Institutional Investors Weigh In On J&J Snack Foods

Several institutional investors and hedge funds have recently modified their holdings of JJSF. Blue Trust Inc. boosted its holdings in J&J Snack Foods by 39,000.0% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after acquiring an additional 390 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of J&J Snack Foods in the 4th quarter valued at approximately $74,000. Northwestern Mutual Wealth Management Co. acquired a new position in J&J Snack Foods during the 2nd quarter worth $76,000. GAMMA Investing LLC raised its stake in J&J Snack Foods by 24.0% during the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after buying an additional 88 shares in the last quarter. Finally, KBC Group NV lifted its stake in J&J Snack Foods by 48.2% during the fourth quarter. KBC Group NV now owns 627 shares of the company’s stock worth $97,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Down 3.3 %

The business’s 50-day moving average is $155.62 and its two-hundred day moving average is $163.94. The firm has a market cap of $2.58 billion, a P/E ratio of 29.82 and a beta of 0.64.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.