J&J Snack Foods (NASDAQ:JJSF) Posts Earnings Results, Misses Estimates By $0.01 EPS

J&J Snack Foods (NASDAQ:JJSF) announced its earnings results on Monday. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01), Briefing.com reports. The business had revenue of $439.96 million for the quarter, compared to analysts’ expectations of $440.92 million. J&J Snack Foods had a net margin of 5.45% and a return on equity of 10.71%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 earnings per share.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF traded down $1.25 during mid-day trading on Wednesday, reaching $168.10. The company’s stock had a trading volume of 31,013 shares, compared to its average volume of 92,695. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.41 and a quick ratio of 1.33. J&J Snack Foods has a 52 week low of $133.23 and a 52 week high of $176.38. The stock has a fifty day moving average of $165.51 and a two-hundred day moving average of $153.92. The firm has a market capitalization of $3.26 billion, a PE ratio of 38.14 and a beta of 0.61.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.735 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $2.94 dividend on an annualized basis and a yield of 1.75%. J&J Snack Foods’s dividend payout ratio is presently 66.22%.

Insider Buying and Selling

In other news, VP Robert Cranmer sold 2,278 shares of J&J Snack Foods stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $162.03, for a total transaction of $369,104.34. Following the sale, the vice president now owns 872 shares in the company, valued at $141,290.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. 22.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of J&J Snack Foods in a report on Tuesday.

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.