J&J Snack Foods (NASDAQ:JJSF) Reaches New 1-Year Low Following Weak Earnings

J&J Snack Foods Corp. (NASDAQ:JJSF - Get Free Report) hit a new 52-week low on Monday after the company announced weaker than expected quarterly earnings. The company traded as low as $132.88 and last traded at $133.03, with a volume of 81995 shares trading hands. The stock had previously closed at $137.23.

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 net margin of 5.50% and a return on equity of 10.32%.

J&J Snack Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Tuesday, December 17th. J&J Snack Foods's payout ratio is presently 70.11%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a "buy" rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research report on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JJSF. Raymond James Financial Inc. acquired a new stake in shares of J&J Snack Foods in the fourth quarter valued at approximately $674,000. Charles Schwab Investment Management Inc. grew its holdings in J&J Snack Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 185,669 shares of the company's stock valued at $28,803,000 after buying an additional 1,564 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of J&J Snack Foods by 163.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company's stock worth $50,000 after acquiring an additional 198 shares during the period. Principal Financial Group Inc. boosted its position in shares of J&J Snack Foods by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 75,797 shares of the company's stock valued at $11,758,000 after acquiring an additional 2,205 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of J&J Snack Foods by 7.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 12,713 shares of the company's stock valued at $1,972,000 after purchasing an additional 835 shares during the period. Hedge funds and other institutional investors own 76.04% of the company's stock.

J&J Snack Foods Stock Down 1.2 %

The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 27.49 and a beta of 0.64. The company's 50-day moving average is $150.85 and its 200-day moving average is $162.50.

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.