J & J Snack Foods Corp. (JJSF) to Issue Quarterly Dividend of $0.80 on October 6th

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Thursday, August 13th. Investors of record on Tuesday, September 15th will be given a dividend of 0.80 per share on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

J & J Snack Foods has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NASDAQ:JJSF opened at $83.29 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.56 billion, a PE ratio of 32.03 and a beta of 0.40. The stock’s fifty day simple moving average is $82.98 and its two-hundred day simple moving average is $80.22. J & J Snack Foods has a 1-year low of $68.87 and a 1-year high of $107.62.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share (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 during the quarter, compared to analyst estimates of $427.65 million. During the same quarter in the prior year, the business posted $2.00 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts forecast that J & J Snack Foods will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JJSF shares. Jefferies Financial Group raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and upped their price objective for the stock from $81.00 to $101.00 in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $110.50.

About J & J Snack Foods

J&J Snack Foods Corp. develops, manufactures and distributes snack foods and frozen beverages for foodservice, retail and concession customers. Its product portfolio includes soft pretzels, churros, funnel cakes, cookies, baked goods, frozen novelties, Italian ice and frozen carbonated beverages.

The company markets products under brands including SUPERPRETZEL, ICEE, Luigi’s Real Italian Ice, Dippin’ Dots and Hola Churros, as well as through customer and private-label offerings. Its products are sold through venues such as restaurants, schools, theaters, stadiums, amusement parks and other entertainment locations, in addition to grocery and convenience channels.

Founded in 1971 by Gerald B.