J&J Snack Foods (NASDAQ:JJSF) Announces Earnings Results, Beats Expectations By $0.04 EPS

J&J Snack Foods (NASDAQ:JJSF) issued its quarterly earnings data on Thursday. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.04, Briefing.com reports. J&J Snack Foods had a net margin of 5.06% and a return on equity of 10.02%. The firm had revenue of $443.90 million during the quarter, compared to analysts’ expectations of $421.06 million. During the same period in the prior year, the company posted $1.05 earnings per share. J&J Snack Foods’s revenue for the quarter was up 10.9% on a year-over-year basis.

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $166.53 on Friday. J&J Snack Foods has a 12-month low of $133.27 and a 12-month high of $177.71. The company has a quick ratio of 1.55, a current ratio of 2.50 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.21 billion, a PE ratio of 40.82 and a beta of 0.58. The firm has a 50-day moving average price of $160.80 and a 200 day moving average price of $160.42.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be given a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 1.77%. The ex-dividend date is Monday, December 18th. J&J Snack Foods’s dividend payout ratio (DPR) is presently 72.06%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its position in J&J Snack Foods by 51.3% in the third quarter. Creative Planning now owns 2,453 shares of the company’s stock worth $401,000 after purchasing an additional 832 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in J&J Snack Foods by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 7,577 shares of the company’s stock worth $1,240,000 after purchasing an additional 1,510 shares in the last quarter. Royal Bank of Canada grew its stake in J&J Snack Foods by 29.1% during the third quarter. Royal Bank of Canada now owns 9,411 shares of the company’s stock worth $1,540,000 after buying an additional 2,121 shares during the last quarter. Sei Investments Co. grew its stake in J&J Snack Foods by 9.5% during the third quarter. Sei Investments Co. now owns 68,030 shares of the company’s stock worth $11,133,000 after buying an additional 5,912 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in J&J Snack Foods by 64.9% during the third quarter. Tower Research Capital LLC TRC now owns 1,136 shares of the company’s stock worth $186,000 after buying an additional 447 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JJSF. StockNews.com began coverage on shares of J&J Snack Foods in a report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet raised shares of J&J Snack Foods from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Finally, Benchmark upped their price objective on shares of J&J Snack Foods from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday.

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.