J&J Snack Foods (NASDAQ:JJSF) Issues Quarterly Earnings Results, Beats Expectations By $0.21 EPS

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.21, Briefing.com reports. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. The firm had revenue of $359.73 million for the quarter, compared to analysts' expectations of $341.08 million. During the same quarter last year, the company earned $0.43 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year.

J&J Snack Foods Price Performance

JJSF stock traded up $22.57 during mid-day trading on Tuesday, reaching $160.47. The company's stock had a trading volume of 293,236 shares, compared to its average volume of 92,933. The company has a current ratio of 2.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $140.58 and its two-hundred day moving average is $153.51. J&J Snack Foods has a fifty-two week low of $133.23 and a fifty-two week high of $177.71. The stock has a market cap of $3.11 billion, a PE ratio of 39.04 and a beta of 0.54.

J&J Snack Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 19th were paid a dividend of $0.735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.94 annualized dividend and a yield of 1.83%. J&J Snack Foods's dividend payout ratio is presently 71.53%.

Insider Transactions at J&J Snack Foods

In related news, Director Marjorie Shreiber Roshkoff sold 625 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $147.73, for a total value of $92,331.25. Following the completion of the sale, the director now owns 69,459 shares of the company's stock, valued at $10,261,178.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 22.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a "buy" rating and issued a $195.00 price objective on shares of J&J Snack Foods in a report on Tuesday.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.