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

Key Points

• J & J Snack Foods Corp. declared a quarterly dividend of $0.80 per share, representing a 2.6% increase from the previous dividend of $0.78.
• The company reported $2.00 EPS in its recent earnings, exceeding analysts' expectations of $1.74 and showing a 3.3% year-over-year revenue increase.
• With a dividend payout ratio of 62.5%, J & J Snack Foods is expected to maintain its annual dividend of $3.12 based on projected earnings of $5.77 per share for the upcoming year.

J & J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) declared a quarterly dividend on Monday, August 11th, RTT News reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.80 per share on Tuesday, October 7th. This represents a c) annualized dividend and a yield of 2.9%. 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. Research 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 Stock Down 1.3%

Shares of NASDAQ JJSF traded down $1.51 during midday trading on Friday, reaching $111.29. 121,085 shares of the company were exchanged, compared to its average volume of 180,612. The stock's 50-day moving average price is $114.98 and its 200-day moving average price is $122.90. The stock has a market cap of $2.17 billion, a P/E ratio of 25.94 and a beta of 0.45. J & J Snack Foods has a one year low of $106.40 and a one year high of $180.80.

J & J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.26. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The company had revenue of $454.30 million for the quarter, compared to analysts' expectations of $445.98 million. During the same quarter in the previous year, the firm posted $1.98 earnings per share. J & J Snack Foods's revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that J & J Snack Foods will post 4.75 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on JJSF shares. Wall Street Zen raised shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Benchmark reduced their price objective on shares of J & J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th.

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.