J & J Snack Foods (NASDAQ:JJSF) to Repurchase $50.00 million in Outstanding Shares

J & J Snack Foods (NASDAQ:JJSF) declared that its board has approved a stock buyback plan on Tuesday, February 3rd, RTT News reports. The company plans to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

J & J Snack Foods Trading Up 4.6%

JJSF stock opened at $84.20 on Thursday. The firm’s 50-day moving average price is $92.63 and its two-hundred day moving average price is $97.91. J & J Snack Foods has a 12-month low of $80.00 and a 12-month high of $144.37. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 26.82 and a beta of 0.34.

J & J Snack Foods (NASDAQ:JJSF) last posted its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $343.78 million during the quarter, compared to analyst estimates of $365.95 million. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. J & J Snack Foods’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Equities analysts predict that J & J Snack Foods will post 4.75 EPS for the current year.

J & J Snack Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $3.20 annualized dividend and a dividend yield of 3.8%. J & J Snack Foods’s payout ratio is 95.52%.

Analysts Set New Price Targets

Several research firms have weighed in on JJSF. Zacks Research downgraded shares of J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of J & J Snack Foods in a research note on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.50.

Insider Activity at J & J Snack Foods

In other J & J Snack Foods news, Director Kathleen E. Ciaramello purchased 540 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average price of $90.56 per share, with a total value of $48,902.40. Following the completion of the purchase, the director directly owned 1,013 shares of the company’s stock, valued at $91,737.28. The trade was a 114.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 20.40% of the stock is currently owned by corporate insiders.

J & J Snack Foods News Roundup

Here are the key news stories impacting J & J Snack Foods this week:

• Positive Sentiment: Board authorized a new $50M share repurchase and the company already repurchased ~$42M this quarter, signaling management confidence and supporting shareholder returns. Buyback Authorization
• Positive Sentiment: Project Apollo cost-savings are delivering: management signaled a $20M annual run-rate and early benefits drove a 200 bps gross-margin expansion and +7% adjusted EBITDA — a profitability story investors rewarded. Project Apollo Run-Rate
• Positive Sentiment: Reported adjusted EPS and operating metrics were resilient: adjusted EPS held at $0.33 and adjusted EBITDA rose YoY, while management outlined product launches (Dippin’ Dots, pretzel innovations) that could drive retail momentum. Q1 Results Release
• Neutral Sentiment: Management hosted an earnings call and provided detailed commentary/transcript on execution and the Apollo timeline; useful for investors but primarily background detail. Earnings Call Transcript
• Neutral Sentiment: Analyst/sector commentary highlights JJSF among resilient food-misc names; one technical piece argues the stock is oversold and poised for a trend reversal, which can attract tactical buyers. Zacks Technical/Analyst Note
• Negative Sentiment: Net sales fell 5.2% YoY to $343.8M (miss vs. consensus), driven mainly by a ~17% decline in the bakery business — a clear near-term revenue headwind. Sales Decline / Q1 Release
• Negative Sentiment: GAAP operating income and net earnings declined sharply (operating income down ~90%, EPS down materially) due to one-time plant-closure and restructuring costs plus product disposal — these items weigh on near-term GAAP profitability. Quiver / Financial Snapshot
• Negative Sentiment: Several headlines called out the bakery shortfall and revenue miss, which contributed to recent selling pressure; investors will watch whether margin gains and Apollo savings sustainably offset weaker top-line trends. Bakery Disappointment Coverage

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.