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

J&J Snack Foods (NASDAQ:JJSF) released its quarterly earnings data on Monday. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01), Briefing.com reports. The business had revenue of $439.96 million during the quarter, compared to the consensus estimate of $440.92 million. J&J Snack Foods had a net margin of 5.45% and a return on equity of 10.71%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.92 earnings per share.

J&J Snack Foods Trading Up 6.3 %

NASDAQ JJSF opened at $169.35 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3.28 billion, a P/E ratio of 38.14 and a beta of 0.61. The business has a fifty day simple moving average of $165.51 and a 200 day simple moving average of $153.92. J&J Snack Foods has a 12 month low of $133.23 and a 12 month high of $176.38.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 18th were issued a dividend of $0.735 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $2.94 annualized dividend and a yield of 1.74%. J&J Snack Foods’s dividend payout ratio (DPR) is currently 66.22%.

Insider Transactions at J&J Snack Foods

In related news, VP Robert Cranmer sold 2,278 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $162.03, for a total transaction of $369,104.34. Following the transaction, the vice president now directly owns 872 shares of the company’s stock, valued at $141,290.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday.

J&J Snack Foods Company Profile

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.