J & J Snack Foods (NASDAQ:JJSF) Hits New 52-Week Low - Here's Why

Key Points

• J & J Snack Foods' share price hit a new 52-week low at $99.57, with a trading volume of 4,173 shares.
• The company reported earnings per share (EPS) of $2.00 for the last quarter, exceeding the expected $1.74, along with a revenue increase of 3.3% year-over-year.
• J & J Snack Foods announced a quarterly dividend increase to $0.80, resulting in an annualized dividend yield of 3.2% for investors.

J & J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $99.81 and last traded at $99.57, with a volume of 4173 shares traded. The stock had previously closed at $100.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of J & J Snack Foods from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, J & J Snack Foods currently has an average rating of "Moderate Buy" and an average price target of $142.50.

J & J Snack Foods Trading Down 1.4%

The stock has a market cap of $1.92 billion, a P/E ratio of 22.99 and a beta of 0.42. The firm's 50-day simple moving average is $111.38 and its 200 day simple moving average is $118.91.

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

J & J Snack Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 16th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from J & J Snack Foods's previous quarterly dividend of $0.78. J & J Snack Foods's dividend payout ratio (DPR) is currently 74.59%.

Institutional Trading of J & J Snack Foods

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of J & J Snack Foods by 902.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company's stock worth $40,000 after acquiring an additional 316 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 acquiring an additional 302 shares during the period. AlphaQuest LLC acquired a new stake in shares of J & J Snack Foods in the 2nd quarter worth approximately $59,000. Parallel Advisors LLC lifted its stake in J & J Snack Foods by 198.9% during the second quarter. Parallel Advisors LLC now owns 529 shares of the company's stock valued at $60,000 after purchasing an additional 352 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in J & J Snack Foods by 94.4% during the second quarter. GAMMA Investing LLC now owns 700 shares of the company's stock valued at $79,000 after purchasing an additional 340 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

J & J Snack Foods Company Profile

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.