J & J Snack Foods Corp. (NASDAQ:JJSF) Announces $0.80 Quarterly Dividend

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Thursday, May 28th. Investors 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 dividend yield of 4.1%. The ex-dividend date is Tuesday, June 16th.

J & J Snack Foods has increased its dividend payment by an average of 0.1%per year over the last three years and has raised 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. Research 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 Price Performance

NASDAQ JJSF opened at $77.22 on Friday. The company’s 50 day simple moving average is $78.41 and its 200 day simple moving average is $85.41. J & J Snack Foods has a 12 month low of $68.87 and a 12 month high of $129.24. The company has a market capitalization of $1.45 billion, a P/E ratio of 25.91 and a beta of 0.43.

J & J Snack Foods (NASDAQ:JJSF) last released its earnings results on Wednesday, May 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. J & J Snack Foods had a net margin of 3.75% and a return on equity of 9.01%. The business had revenue of $344.82 million for the quarter, compared to the consensus estimate of $349.67 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts anticipate that J & J Snack Foods will post 4.16 earnings per share for the current year.

Institutional Investors Weigh In On J & J Snack Foods

Large investors have recently made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of J & J Snack Foods by 485.1% during the fourth quarter. Allworth Financial LP now owns 275 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares during the period. Global Retirement Partners LLC raised its holdings in shares of 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 valued at $30,000 after acquiring an additional 306 shares during the period. IFP Advisors Inc raised its holdings in shares of J & J Snack Foods by 1,450.0% during the fourth quarter. IFP Advisors Inc now owns 341 shares of the company’s stock valued at $31,000 after acquiring an additional 319 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of J & J Snack Foods by 902.9% during the second quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $40,000 after acquiring an additional 316 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of J & J Snack Foods by 58.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 404 shares of the company’s stock valued at $36,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.

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.