J & J Snack Foods Corp. (NASDAQ:JJSF) declared a quarterly dividend on Friday, August 6th, Zacks reports. Shareholders of record on Monday, September 20th will be given a dividend of 0.633 per share on Monday, October 11th. This represents a $2.53 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, September 17th.
J & J Snack Foods has increased its dividend by 34.5% over the last three years. J & J Snack Foods has a payout ratio of 79.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect J & J Snack Foods to earn $4.72 per share next year, which means the company should continue to be able to cover its $2.53 annual dividend with an expected future payout ratio of 53.6%.
JJSF opened at $157.26 on Wednesday. The firm’s fifty day simple moving average is $164.20 and its two-hundred day simple moving average is $165.87. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 69.28 and a beta of 0.58. J & J Snack Foods has a 52-week low of $124.90 and a 52-week high of $181.71.
In other news, SVP Robert Joseph Pape sold 5,840 shares of the firm’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $162.16, for a total transaction of $947,014.40. Following the completion of the sale, the senior vice president now owns 6,470 shares of the company’s stock, valued at $1,049,175.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 21.00% of the stock is owned by company insiders.
Several brokerages have recently weighed in on JJSF. TheStreet upgraded shares of J & J Snack Foods from a “c” rating to a “b-” rating in a research report on Monday, July 26th. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “strong-buy” rating and set a $191.00 price objective on the stock in a research note on Thursday, July 29th.
J & J Snack Foods Company Profile
J&J Snack Foods Corp. manufactures 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 juice treats and desserts, churros, dough enrobed handheld products, and baked goods.
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