J&J Snack Foods (NASDAQ:JJSF) Releases Quarterly Earnings Results, Beats Expectations By $0.21 EPS

J&J Snack Foods (NASDAQ:JJSF) posted its earnings results on Monday. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21, Briefing.com reports. The business had revenue of $359.73 million during the quarter, compared to analyst estimates of $341.08 million. J&J Snack Foods had a return on equity of 9.98% and a net margin of 5.11%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share.

J&J Snack Foods Stock Performance

Shares of JJSF traded down $2.96 during mid-day trading on Thursday, reaching $161.33. 12,637 shares of the company’s stock traded hands, compared to its average volume of 92,177. J&J Snack Foods has a 12 month low of $133.23 and a 12 month high of $177.71. The stock has a market capitalization of $3.13 billion, a P/E ratio of 39.97 and a beta of 0.54. The business’s 50-day moving average price is $140.95 and its 200-day moving average price is $153.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.40.

J&J Snack Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, March 18th. J&J Snack Foods’s payout ratio is 71.53%.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, Director Marjorie Shreiber Roshkoff sold 625 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $147.73, for a total value of $92,331.25. Following the completion of the sale, the director now directly owns 69,459 shares of the company’s stock, valued at approximately $10,261,178.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $195.00 price objective on shares of J&J Snack Foods in a report on Tuesday.

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, 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.