J & J Snack Foods Corp (NASDAQ:JJSF) declared a quarterly dividend on Thursday, September 5th, NASDAQ reports. Shareholders of record on Thursday, September 19th will be paid a dividend of 0.50 per share on Thursday, October 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, September 18th.

J & J Snack Foods has increased its dividend by an average of 18.6% per year over the last three years and has increased its dividend every year for the last 14 years. J & J Snack Foods has a payout ratio of 43.7% meaning its dividend is sufficiently covered by earnings. Analysts expect J & J Snack Foods to earn $5.28 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 37.9%.

Shares of JJSF stock opened at $189.25 on Monday. J & J Snack Foods has a twelve month low of $138.40 and a twelve month high of $196.74. The company has a market capitalization of $3.57 billion, a P/E ratio of 46.61 and a beta of 0.37. The business’s 50 day moving average is $186.79 and its two-hundred day moving average is $166.11.

J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.08. J & J Snack Foods had a return on equity of 11.65% and a net margin of 7.84%. The firm had revenue of $326.70 million for the quarter, compared to the consensus estimate of $311.67 million. During the same period in the previous year, the business earned $1.39 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts expect that J & J Snack Foods will post 4.97 EPS for the current year.

JJSF has been the topic of a number of analyst reports. Zacks Investment Research upgraded J & J Snack Foods from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Friday, August 2nd. Consumer Edge upgraded J & J Snack Foods from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 9th. Finally, BidaskClub upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th.

In related news, insider Gerald B. Shreiber sold 25,000 shares of J & J Snack Foods stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $181.47, for a total transaction of $4,536,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Joseph Pape sold 2,500 shares of J & J Snack Foods stock in a transaction on Friday, August 9th. The stock was sold at an average price of $185.90, for a total value of $464,750.00. Following the transaction, the senior vice president now directly owns 14,781 shares of the company’s stock, valued at $2,747,787.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,000 shares of company stock worth $6,410,600. Company insiders own 21.00% of the company’s stock.

About J & J Snack Foods

J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

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Dividend History for J & J Snack Foods (NASDAQ:JJSF)

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