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J & J Snack Foods
(NASDAQ:JJSF)
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Rating:68Neutral
Price Target:
$86.00
▲(12.51% Upside)
Action:Downgraded
Date:08/05/26
The score is driven primarily by solid underlying financial stability (low leverage, positive cash generation) but tempered by recent income-statement deterioration and a sharp TTM revenue decline. The latest earnings call supports a moderately positive outlook via margin expansion and increased cost-savings targets, though management also highlighted ongoing top-line pressure and freight/fuel headwinds. Technicals are mildly supportive (price above shorter-term averages, neutral momentum), while valuation is balanced by a higher P/E alongside an attractive dividend yield.
Positive Factors
Conservative balance sheet
Low leverage and substantial equity provide durable financial flexibility. This supports capacity for share repurchases, dividends, M&A or incremental borrowing during downturns, reducing refinancing risk and preserving investment optionality over the next 2–6 months.
Negative Factors
Recent revenue deterioration
A pronounced revenue decline compresses operating leverage and can outpace fixed-cost reductions. If sales weakness persists, it risks eroding margins and return metrics, making margin recovery and cash conversion targets harder to sustain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and substantial equity provide durable financial flexibility. This supports capacity for share repurchases, dividends, M&A or incremental borrowing during downturns, reducing refinancing risk and preserving investment optionality over the next 2–6 months.
Read all positive factors
J & J Snack Foods Key Performance Indicators (KPIs)
Any
Net Sales by Segment
Breaks down revenue by each segment so you can see where sales are growing or shrinking and how diversified the company’s income is. Helps identify which product lines or markets are driving top-line growth and where demand or pricing pressure could pose risks.
Breaks down revenue by each segment so you can see where sales are growing or shrinking and how diversified the company’s income is. Helps identify which product lines or markets are driving top-line growth and where demand or pricing pressure could pose risks.
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The Fly
The FlyJ & J Snack Foods (JJSF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.43B
Dividend Yield4.18%
Average Volume (3M)238.68K
Price to Earnings (P/E)25.5
Beta (1Y)0.12
Revenue Growth-2.04%
EPS Growth-23.39%
CountryUS
Employees4,600
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)2.61
Shares Outstanding18,753,416
10 Day Avg. Volume208,354
30 Day Avg. Volume238,683
Financial Highlights & Ratios
PEG Ratio-1.16
Price to Book (P/B)1.93
Price to Sales (P/S)1.18
P/FCF Ratio22.63
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$110.50Price Target Upside44.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.86
Revenue Forecast (FY)$1.52B
J & J Snack Foods Business Overview & Revenue Model
Company Description
J&J Snack Foods Corp. (JJSF) operates as a prominent manufacturer, marketer, and distributor of nutritious snack foods and a wide array of beverages. The company serves both the food service industry and retail supermarkets across the United State...
How the Company Makes Money
J & J Snack Foods primarily makes money by selling snack foods and frozen beverages through a mix of foodservice and retail distribution. Revenue is generated from (1) manufacturing and selling finished products under the company’s brands to custo...
J & J Snack Foods Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: strong operational execution (gross margin +240 bps, Project Apollo savings raised to at least $25M run rate), solid retail and brand momentum (Dogsters, Luigi's, Dippin' Dots) and healthy liquidity and shareholder returns. However, material top-line pressure remains (net sales down 6.2%, foodservice down 8.3%), driven by planned bakery reductions and softness in service/machine sales, and freight/fuel cost inflation (~$4.7M) weighed on profitability. Management outlined a clear path to margin resilience and expects sales improvement in Q4 with a return to organic growth in fiscal 2027, making the outlook constructive but not yet a full turnaround.Positive Updates
Gross Margin Expansion
Gross margin improved 240 basis points to 35.5% in the quarter (gross profit ≈ $151M), with year-to-date margin expansion of 200 bps and management expecting further expansion in Q4.
Negative Updates
Revenue Decline
Consolidated net sales declined 6.2% to $426M in the quarter, driven largely by anticipated bakery SKU reductions and softness in certain foodservice categories.
Read all updates
Q3-2026 Updates
Positive
Negative
Gross Margin Expansion
Gross margin improved 240 basis points to 35.5% in the quarter (gross profit ≈ $151M), with year-to-date margin expansion of 200 bps and management expecting further expansion in Q4.
Read all positive updates
Company Guidance
Management said sales momentum should improve in Q4—bakery planned reductions that peaked in Q3 at ~3.5% are expected to decline to about 2.5% of prior‑year sales in Q4—with most of the service‑revenue gap closed in Q4 and largely eliminated by Q1 FY2027, and the company expects to return to sales growth in fiscal 2027; gross‑margin expansion is expected to continue after Q3 gross margin widened 240 bps to 35.5% (YTD +200 bps). They raised Project Apollo plant consolidation savings to at least $20M annualized (total Apollo run‑rate to at least $25M), warned fuel and freight pressures will persist in Q4 (freight/fuel pressure ~ $4.7–$5.0M in Q3; distribution costs +$4.9M, 11.6% of sales vs 9.8% prior), but noted diesel has moderated and they expanded fuel surcharges and minimum order quantities. Key Q3 and balance‑sheet metrics cited alongside the guidance: net sales $426M (down 6.2%), adjusted EBITDA $67.4M (down 6.4% YoY), adjusted EPS $1.96 (vs $2.00), foodservice sales $254.3M (down 8.3%, ~ $16M bakery impact), retail sales $64.9M (+1.7%, +4.8% excl. $2M slotting), beverage net sales +5.9% (segment $106.7M, down 5.8% overall), pretzel dollar‑share +4.6 pts, Dogsters retail +30% (units +40%), operating cash flow ~$48.8M, capex ~$18.1M, cash net of debt ~$35M, ~$182M revolver capacity, expect ~$17M insurance proceeds in August, and returned $25M to shareholders in the quarter ($15M dividends, $10M buybacks; ~130k shares repurchased; YTD ~$120M returned).J & J Snack Foods Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.52B | 1.58B | 1.57B | 1.56B | 1.38B | 1.14B |
| Gross Profit | 473.75M | 469.88M | 486.13M | 469.87M | 369.64M | 298.93M |
| EBITDA | 139.22M | 161.25M | 191.37M | 174.34M | 115.90M | 123.42M |
| Net Income | 49.27M | 65.59M | 86.55M | 78.91M | 47.23M | 55.61M |
Balance Sheet | ||||||
| Total Assets | 1.36B | 1.38B | 1.37B | 1.28B | 1.24B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 63.10M | 105.89M | 73.39M | 49.58M | 39.19M | 291.17M |
| Total Debt | 191.91M | 163.56M | 160.50M | 121.91M | 111.56M | 60.53M |
| Total Liabilities | 463.81M | 414.81M | 408.13M | 365.72M | 381.25M | 306.45M |
| Stockholders Equity | 892.08M | 966.70M | 956.97M | 911.52M | 863.17M | 845.65M |
Cash Flow | ||||||
| Free Cash Flow | 108.46M | 82.25M | 99.50M | 67.54M | -61.23M | 47.92M |
| Operating Cash Flow | 218.51M | 165.13M | 173.07M | 172.28M | 26.06M | 101.50M |
| Investing Cash Flow | -107.65M | -70.05M | -77.67M | -93.24M | -296.17M | 9.94M |
| Financing Cash Flow | -175.96M | -64.71M | -68.37M | -66.84M | 22.22M | -24.67M |
J & J Snack Foods Technical Analysis
Positive
76.44
Price Trends
76.90
Positive
77.43
Positive
82.21
Positive
Market Momentum
2.87
Negative
76.91
Negative
98.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JJSF, the sentiment is Positive. The current price of 76.44 is below the 20-day moving average (MA) of 79.15, below the 50-day MA of 76.90, and below the 200-day MA of 82.21, indicating a bullish trend. The MACD of 2.87 indicates Negative momentum. The RSI at 76.91 is Negative, neither overbought nor oversold. The STOCH value of 98.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JJSF.
J & J Snack Foods Risk Analysis
J & J Snack Foods disclosed 24 risk factors in its most recent earnings report. J & J Snack Foods reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
J & J Snack Foods Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.43B | 25.55 | 5.40% | 4.19% | -2.04% | -23.39% | |
65 Neutral | $1.66B | 11.51 | 5.28% | 5.80% | 4.84% | -31.84% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $2.03B | -144.38 | -1.17% | 1.77% | 2.34% | -128.55% | |
57 Neutral | $900.53M | -4.69 | -12.33% | ― | -4.48% | -250.67% | |
53 Neutral | $1.49B | 20.06 | 5.34% | 11.21% | 3.80% | -68.17% |
* Consumer Defensive Sector Average
JJSF
J & J Snack Foods
91.91
-12.91
-12.32%
FLO
Flowers Foods
7.40
-7.49
-50.31%
SMPL
Simply Good Foods
11.10
-17.79
-61.58%
NOMD
Nomad Foods
11.99
-2.68
-18.26%
UTZ
UTZ Brands
14.11
1.99
16.40%
J & J Snack Foods Corporate Events
Business Operations and StrategyPrivate Placements and Financing
J & J Snack Foods Amends and Extends Credit Facility
Positive
Jun 10, 2026
On June 5, 2026, J J Snack Foods Corp. amended its existing credit agreement with Citizens Bank and other lenders, extending the maturity of its revolving credit facility to June 5, 2031 and adding flexibility to increase the facility size under ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.