J & J Snack Foods slightly misses Q3 sales estimates, expects top-line growth in 2027
JJSF•Analyst view and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the food processing peer group is "buy".
Wall Street's median 12-month price target for J&J Snack Foods Corp is $100.50, about 27.8% above its August 4 closing price of $78.64. The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago.
Q3 sales miss slightly as adjusted EPS beats
J & J Snack Foods' third-quarter sales fell 6.2% year over year, slightly missing analyst expectations, while adjusted earnings per share beat estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Sales | Slight Miss* | $425.96 mln | $429.05 mln (4 Analysts) |
| Q3 Adjusted EPS | Beat | $1.96 | $1.72 (3 Analysts) |
| Q3 EPS | $1.88 | ||
| Q3 Net Earnings | $35.33 mln | ||
| Q3 Gross Profit | $151.02 mln | ||
| Q3 Operating Income | $46.27 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Outlook calls for improved fourth quarter and 2027 growth
J & J Snack Foods said it expects the sales environment to improve in the fourth quarter as its pipeline fills and headwinds diminish.
The company raised its annualized plant savings target by $5 million to at least $20 million and said it expects a return to top-line growth in fiscal 2027.
