J & J Snack Foods Corp. (JJSF) To Go Ex-Dividend on September 16th

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Monday, August 11th, RTT News reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.80 per share on Tuesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 16th. This is a 2.6% increase from J & J Snack Foods’s previous quarterly dividend of $0.78.

J & J Snack Foods has a payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect J & J Snack Foods to earn $5.77 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 54.1%.

J & J Snack Foods Price Performance

Shares of J & J Snack Foods stock opened at $112.80 on Wednesday. J & J Snack Foods has a 1 year low of $106.40 and a 1 year high of $180.80. The firm has a market cap of $2.20 billion, a PE ratio of 26.29 and a beta of 0.45. The stock has a fifty day moving average price of $115.09 and a 200-day moving average price of $123.34.

J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%. The firm had revenue of $454.30 million during the quarter, compared to analyst estimates of $445.98 million. During the same period last year, the firm posted $1.98 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that J & J Snack Foods will post 4.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. bought a new position in J & J Snack Foods in the 4th quarter worth about $55,000. Caitong International Asset Management Co. Ltd boosted its stake in J & J Snack Foods by 243.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares during the period. AlphaQuest LLC bought a new position in J & J Snack Foods in the 2nd quarter worth about $59,000. Parallel Advisors LLC boosted its stake in J & J Snack Foods by 198.9% in the 2nd quarter. Parallel Advisors LLC now owns 529 shares of the company’s stock worth $60,000 after purchasing an additional 352 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in J & J Snack Foods by 31.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock worth $81,000 after purchasing an additional 145 shares during the period. Institutional investors own 76.04% of the company’s stock.

About J & J Snack Foods

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.