J&J Snack Foods (NASDAQ:JJSF) Reaches New 1-Year Low After Earnings Miss

J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) reached a new 52-week low during trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $115.54 and last traded at $124.18, with a volume of 27237 shares trading hands. The stock had previously closed at $131.84.

The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. The firm had revenue of $356.10 million for the quarter, compared to the consensus estimate of $369.01 million. During the same period in the previous year, the company earned $0.84 earnings per share. J&J Snack Foods's quarterly revenue was down 1.0% compared to the same quarter last year.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Tuesday, March 18th. J&J Snack Foods's payout ratio is 80.00%.

Analyst Ratings Changes

JJSF has been the topic of a number of recent research reports. Benchmark decreased their target price on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday. Jefferies Financial Group decreased their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of J&J Snack Foods by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 188,327 shares of the company's stock worth $24,806,000 after buying an additional 2,658 shares in the last quarter. Vanguard Group Inc. increased its holdings in J&J Snack Foods by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 1,673,976 shares of the company's stock valued at $220,496,000 after acquiring an additional 20,803 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in 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 worth $80,412,000 after purchasing an additional 106,459 shares in the last quarter. US Bancorp DE boosted its holdings in shares of J&J Snack Foods by 100.6% during the 1st quarter. US Bancorp DE now owns 5,200 shares of the company's stock valued at $685,000 after purchasing an additional 2,608 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its holdings in shares of J&J Snack Foods by 4.8% in the first quarter. Nicolet Advisory Services LLC now owns 2,400 shares of the company's stock worth $318,000 after purchasing an additional 110 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.

J&J Snack Foods Price Performance

The business has a 50-day moving average of $130.97 and a 200 day moving average of $145.12. The company has a market capitalization of $2.26 billion, a PE ratio of 26.78 and a beta of 0.49.

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.