J&J Snack Foods (NASDAQ:JJSF) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

J&J Snack Foods (NASDAQ:JJSF) posted its quarterly earnings results on Thursday. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $443.90 million for the quarter, compared to analyst estimates of $421.06 million. During the same quarter last year, the business posted $1.05 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis.

J&J Snack Foods Trading Down 1.1 %

Shares of JJSF stock opened at $166.53 on Friday. J&J Snack Foods has a twelve month low of $133.27 and a twelve month high of $177.71. The stock’s fifty day simple moving average is $160.80 and its 200 day simple moving average is $160.42. 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 P/E ratio of 40.82 and a beta of 0.58.

J&J Snack Foods Announces Dividend

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

Institutional Trading of J&J Snack Foods

A number of hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC raised its holdings in J&J Snack Foods by 144.2% in the 2nd quarter. Eagle Bay Advisors LLC now owns 188 shares of the company’s stock valued at $26,000 after buying an additional 111 shares during the last quarter. Point72 Middle East FZE bought a new position in shares of J&J Snack Foods during the fourth quarter valued at $69,000. Tower Research Capital LLC TRC lifted its holdings in shares of J&J Snack Foods by 260.8% during the first quarter. Tower Research Capital LLC TRC now owns 469 shares of the company’s stock worth $70,000 after purchasing an additional 339 shares during the period. State of Wyoming grew its stake in shares of J&J Snack Foods by 49.9% in the second quarter. State of Wyoming now owns 538 shares of the company’s stock worth $85,000 after purchasing an additional 179 shares during the last quarter. Finally, FMR LLC increased its holdings in J&J Snack Foods by 15.6% in the second quarter. FMR LLC now owns 717 shares of the company’s stock valued at $100,000 after purchasing an additional 97 shares during the period. 76.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JJSF has been the topic of a number of research analyst reports. Benchmark raised their target price on J&J Snack Foods from $190.00 to $195.00 and gave the company a “buy” rating in a report on Friday. StockNews.com started coverage on J&J Snack Foods in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, TheStreet upgraded J&J Snack Foods from a “c+” rating to a “b” rating in a research report 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.