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

J&J Snack Foods (NASDAQ:JJSF) issued its quarterly earnings results 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 return on equity of 10.02% and a net margin of 5.06%. The firm had revenue of $443.90 million during the quarter, compared to analyst estimates of $421.06 million. During the same period last year, the company earned $1.05 EPS. J&J Snack Foods’s quarterly revenue was up 10.9% compared to the same quarter last year.

J&J Snack Foods Trading Down 1.1 %

JJSF opened at $166.53 on Friday. The stock’s fifty day moving average is $160.80 and its two-hundred day moving average is $160.42. The company 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 has a 52 week low of $133.27 and a 52 week 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.

J&J Snack Foods Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC increased its holdings in shares of 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 acquiring an additional 111 shares during the period. Point72 Middle East FZE purchased a new position in shares of J&J Snack Foods in the 4th quarter valued at $69,000. Tower Research Capital LLC TRC increased its holdings in shares of J&J Snack Foods by 260.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 469 shares of the company’s stock valued at $70,000 after acquiring an additional 339 shares during the period. State of Wyoming increased its holdings in shares of J&J Snack Foods by 49.9% in the 2nd quarter. State of Wyoming now owns 538 shares of the company’s stock valued at $85,000 after acquiring an additional 179 shares during the period. Finally, FMR LLC increased its holdings in shares of J&J Snack Foods by 15.6% in the 2nd quarter. FMR LLC now owns 717 shares of the company’s stock valued at $100,000 after acquiring an additional 97 shares during the period. 76.07% of the stock is currently owned by hedge funds and other institutional investors.

About J&J Snack Foods

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.