J&J Snack Foods (NASDAQ:JJSF) Announces Earnings Results, Misses Expectations By $0.29 EPS

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29), Zacks reports. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%.

J&J Snack Foods Trading Down 1.2 %

NASDAQ JJSF traded down $1.53 during trading on Friday, reaching $122.34. The company's stock had a trading volume of 135,893 shares, compared to its average volume of 155,920. The firm has a 50 day moving average price of $150.85 and a 200 day moving average price of $162.50. J&J Snack Foods has a 12 month low of $116.60 and a 12 month high of $180.80. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 27.49 and a beta of 0.64.

J&J Snack Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a "buy" rating and set a $200.00 target price on shares of J&J Snack Foods in a research note 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.