J&J Snack Foods (NASDAQ:JJSF) Announces Quarterly Earnings Results

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) issued its earnings results on Tuesday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.34), Zacks reports. The company had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS.

J&J Snack Foods Stock Up 2.1 %

Shares of NASDAQ JJSF traded up $2.41 during trading hours on Friday, hitting $118.15. 28,835 shares of the stock were exchanged, compared to its average volume of 150,836. The company has a market cap of $2.30 billion, a PE ratio of 27.22 and a beta of 0.49. The firm has a fifty day moving average price of $131.30 and a 200-day moving average price of $145.47. J&J Snack Foods has a 12 month low of $112.39 and a 12 month high of $180.80.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.78 per share. The ex-dividend date was Tuesday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.64%. J&J Snack Foods's dividend payout ratio is presently 71.89%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Benchmark lowered their target price 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.

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.