J & J Snack Foods Corp. (NASDAQ:JJSF) Plans Quarterly Dividend of $0.80

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.80 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 16th.

J & J Snack Foods has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 20 consecutive years. J & J Snack Foods has a dividend payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect J & J Snack Foods to earn $4.50 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 71.1%.

J & J Snack Foods Price Performance

Shares of JJSF stock opened at $77.22 on Friday. J & J Snack Foods has a 1-year low of $68.87 and a 1-year high of $129.24. The stock’s fifty day moving average price is $78.41 and its 200 day moving average price is $85.41. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 25.91 and a beta of 0.43.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $344.82 million during the quarter, compared to analysts’ expectations of $349.67 million. J & J Snack Foods had a return on equity of 9.01% and a net margin of 3.75%.The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that J & J Snack Foods will post 4.16 earnings per share for the current year.

Institutional Investors Weigh In On J & J Snack Foods

Large investors have recently bought and sold shares of the company. Royce & Associates LP acquired a new position in J & J Snack Foods in the 4th quarter worth approximately $29,596,000. Goldman Sachs Group Inc. lifted its stake in J & J Snack Foods by 295.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 171,718 shares of the company’s stock valued at $15,518,000 after acquiring an additional 128,301 shares during the period. Two Sigma Investments LP boosted its holdings in shares of J & J Snack Foods by 962.0% in the 3rd quarter. Two Sigma Investments LP now owns 107,202 shares of the company’s stock valued at $10,301,000 after acquiring an additional 97,108 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of J & J Snack Foods by 3,379.2% in the fourth quarter. Russell Investments Group Ltd. now owns 87,016 shares of the company’s stock worth $7,864,000 after acquiring an additional 84,515 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of J & J Snack Foods by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 624,021 shares of the company’s stock worth $49,468,000 after acquiring an additional 79,093 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.