J&J Snack Foods Corp. (JJSF) To Go Ex-Dividend on March 18th

J&J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.78 per share on Tuesday, April 8th. This represents a $3.12 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, March 18th.

J&J Snack Foods has increased its dividend by an average of 7.0% per year over the last three years and has increased its dividend every year for the last 20 years. J&J Snack Foods has a payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J&J Snack Foods to earn $5.77 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 54.1%.

J&J Snack Foods Trading Down 0.4 %

J&J Snack Foods stock opened at $133.97 on Friday. J&J Snack Foods has a 12 month low of $116.60 and a 12 month high of $180.80. The stock’s 50 day simple moving average is $135.00 and its two-hundred day simple moving average is $155.97. The firm has a market cap of $2.61 billion, a PE ratio of 30.87 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. On average, equities research analysts forecast that J&J Snack Foods will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

JJSF has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their target price on J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a research note on Tuesday, February 4th.

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.