J & J Snack Foods (NASDAQ:JJSF) Sets New 12-Month Low - Should You Sell?

Key Points

• J & J Snack Foods Corp. reached a new 52-week low with shares trading as low as $105.13, closing at $105.90.
• The company reported $2.00 EPS for its latest quarter, exceeding estimates and indicating a 3.3% year-over-year revenue increase.
• J & J Snack Foods announced an increased quarterly dividend of $0.80, with a yield of 3.0%, to be paid on October 7th.

J & J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $105.13 and last traded at $105.90, with a volume of 24777 shares trading hands. The stock had previously closed at $106.70.

Analysts Set New Price Targets

Separately, 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.50.

J & J Snack Foods Trading Down 1.5%

The firm's 50-day moving average is $113.96 and its two-hundred day moving average is $120.95. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 24.49 and a beta of 0.42.

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

J & J Snack Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 16th. This is a positive change from J & J Snack Foods's previous quarterly dividend of $0.78. J & J Snack Foods's dividend payout ratio (DPR) is presently 74.59%.

Institutional Trading of J & J Snack Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. raised its stake in shares of J & J Snack Foods by 21.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company's stock valued at $80,412,000 after acquiring an additional 106,459 shares during the period. Ranger Investment Management L.P. boosted its stake in shares of J & J Snack Foods by 52.4% in the 2nd quarter. Ranger Investment Management L.P. now owns 200,540 shares of the company's stock valued at $22,743,000 after buying an additional 68,916 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of J & J Snack Foods by 3.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,688,261 shares of the company's stock valued at $200,143,000 after purchasing an additional 58,917 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in J & J Snack Foods by 29.8% in the second quarter. Bank of New York Mellon Corp now owns 210,926 shares of the company's stock valued at $23,921,000 after buying an additional 48,466 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in J & J Snack Foods by 7,763.8% during the first quarter. GAMMA Investing LLC now owns 47,419 shares of the company's stock worth $6,246,000 after purchasing an additional 46,816 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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