J & J Snack Foods (NASDAQ:JJSF) Sets New 1-Year Low - Time to 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) hit a new 52-week low on Wednesday . The company traded as low as $105.13 and last traded at $105.90, with a volume of 24777 shares. The stock had previously closed at $106.70.

Analyst Ratings Changes

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

J & J Snack Foods Price Performance

The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 23.93 and a beta of 0.42. The stock has a 50-day moving average of $113.21 and a 200-day moving average of $120.30.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.26. The business had revenue of $454.30 million for the quarter, compared to the consensus estimate of $445.98 million. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 earnings per share. On average, equities analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.

J & J Snack Foods Increases Dividend

The firm 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. 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 3.1%. This is a boost from J & J Snack Foods's previous quarterly dividend of $0.78. J & J Snack Foods's dividend payout ratio (DPR) is 72.73%.

Institutional Investors Weigh In On J & J Snack Foods

A number of large investors have recently modified their holdings of the business. Squarepoint Ops LLC boosted its holdings in shares of J & J Snack Foods by 23.5% in the 2nd quarter. Squarepoint Ops LLC now owns 10,328 shares of the company's stock valued at $1,171,000 after purchasing an additional 1,964 shares in the last quarter. Ranger Investment Management L.P. boosted its holdings 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 purchasing an additional 68,916 shares in the last quarter. State of Wyoming boosted its holdings in shares of J & J Snack Foods by 93.0% in the 2nd quarter. State of Wyoming now owns 2,150 shares of the company's stock valued at $244,000 after purchasing an additional 1,036 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of J & J Snack Foods by 7.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 53,039 shares of the company's stock valued at $6,015,000 after purchasing an additional 3,550 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of J & J Snack Foods by 334.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,529 shares of the company's stock valued at $173,000 after purchasing an additional 1,177 shares in the last quarter. Institutional investors and hedge funds 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.