J&J Snack Foods Corp. (NASDAQ:JJSF – Get Free Report)’s stock price gapped down before the market opened on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $132.70, but opened at $126.64. J&J Snack Foods shares last traded at $120.46, with a volume of 46,098 shares changing hands.
The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%.
J&J Snack Foods Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio is 70.11%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on J&J Snack Foods
Hedge Funds Weigh In On J&J Snack Foods
Several large investors have recently bought and sold shares of JJSF. Allspring Global Investments Holdings LLC raised its position in shares of J&J Snack Foods by 3.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock valued at $278,899,000 after acquiring an additional 57,887 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of J&J Snack Foods by 19.9% during the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company’s stock worth $110,612,000 after purchasing an additional 106,817 shares during the period. State Street Corp increased its holdings in J&J Snack Foods by 2.9% in the third quarter. State Street Corp now owns 602,295 shares of the company’s stock valued at $104,140,000 after purchasing an additional 17,062 shares during the last quarter. Geneva Capital Management LLC lifted its stake in J&J Snack Foods by 1.4% in the third quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock valued at $90,649,000 after buying an additional 7,283 shares during the period. Finally, Champlain Investment Partners LLC boosted its holdings in J&J Snack Foods by 2.2% during the third quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company’s stock worth $65,018,000 after buying an additional 8,187 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.
J&J Snack Foods Stock Performance
The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 27.88 and a beta of 0.64. The company has a 50-day moving average price of $153.82 and a 200-day moving average price of $163.37.
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, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.
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