J&J Snack Foods (NASDAQ:JJSF – Get Free Report) issued its earnings results on Thursday. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.04, Briefing.com reports. The firm had revenue of $443.90 million for the quarter, compared to analysts’ expectations of $421.06 million. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share.
J&J Snack Foods Stock Performance
Shares of JJSF opened at $166.53 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.21 billion, a PE ratio of 40.82 and a beta of 0.58. The company’s 50 day simple moving average is $160.80 and its 200-day simple moving average is $160.43. J&J Snack Foods has a 12-month low of $133.27 and a 12-month high of $177.71.
J&J Snack Foods Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, December 18th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 1.77%. J&J Snack Foods’s dividend payout ratio (DPR) is presently 72.06%.
Hedge Funds Weigh In On J&J Snack Foods
Wall Street Analyst Weigh In
Several equities analysts have commented on JJSF shares. StockNews.com started coverage on shares of J&J Snack Foods in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Benchmark increased their price target on shares of J&J Snack Foods from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday. Finally, TheStreet upgraded shares of J&J Snack Foods from a “c+” rating to a “b” rating in a research note on Monday, July 31st.
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, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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