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J&J Snack Foods Declares Dividend of $0.39 Per Share

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Price movement

J&J Snack Foods (JJSF) has a market cap of $2.3 billion. It rose by 0.17% to close at $121.48 per share on August 11, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.43%, 0.36%, and 4.9%, respectively, on the same day. JJSF is trading 0.25% above its 20-day moving average, 4.7% above its 50-day moving average, and 9.8% above its 200-day moving average.

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Related ETF and peers

The PowerShares S&P SmallCap Low Volatility ETF (XSLV) invests 1.1% of its holdings in JJSF. The ETF tracks a volatility weighted index of the 120 least volatile securities from the S&P SmallCap 600. The YTD price movement of XSLV was 14.0% on August 11.

The market caps of JJSF’s competitors are as follows:

  • Snyder’s-Lance (LNCE) — $3.4 billion
  • Pinnacle Foods (PF) — $5.8 billion
  • TreeHouse Foods (THS) — $5.8 billion

J&J Snack Foods declares dividend

J&J Snack Foods has declared a regular quarterly cash dividend of $0.39 per share on its common stock. The dividend will be paid on October 6, 2016, to shareholders of record at the close of business on September 15, 2016.

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Performance of J&J Snack Foods in fiscal 3Q16

J&J Snack Foods reported fiscal 3Q16 net sales of $278.0 million, a fall of 0.25% from the net sales of $278.7 million in fiscal 3Q15. Sales from the food service and frozen beverages segments rose by 1.1% and 2.1%, respectively, and sales from the retail supermarket segment fell by 10.0% between fiscals 3Q15 and 3Q16. The company’s gross profit margin and operating income rose by 2.1% and 4.1%, respectively.

Its net income and EPS (earnings per share) rose to $26.8 million and $1.43, respectively, in fiscal 3Q16, compared with $24.5 million and $1.30 in fiscal 3Q15. JJSF’s cash and cash equivalents fell by 22.0% and its inventories rose by 14.8% between fiscals 4Q15 and 3Q16. Its current ratio fell to 3.2x in fiscal 3Q16, compared with 3.4x in fiscal 4Q15.

For an ongoing analysis of this sector, please visit Market Realist’s Consumer Discretionary page.

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