J & J Snack Foods (JJSF) AI Stock Analysis

• Market Cap: $1.61B
• Dividend Yield: 3.53%
• Average Volume (3M): 272.70K
• Price to Earnings (P/E): 27.0
• Beta (1Y): 0.21
• Revenue Growth: 0.54%
• EPS Growth: -24.42%
• Country: US
• Employees: 5,000
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.33
• Shares Outstanding: 19,011,904
• 10 Day Avg. Volume: 233,916
• 30 Day Avg. Volume: 272,698
• PEG Ratio: -1.16
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 1.18
• P/FCF Ratio: 22.63
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 1.09
• Enterprise Value/Gross Profit: 3.62
• Enterprise Value/Ebitda: 10.91
• 1Y Price Target: $110.50
• Price Target Upside: 16.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 4.36
• Revenue Forecast (FY): $1.57B

• Rating: 64 Neutral
• Price Target: $91.00 ▼(-4.08% Downside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is driven primarily by stable fundamentals (low leverage and solid cash generation) and a constructive earnings outlook tied to Project Apollo margin improvements, partially offset by near-term revenue softness and compressed profitability. Technicals are the largest drag, with the stock trading below major moving averages and negative MACD. Valuation is neutral-to-slightly expensive on P/E, helped by a solid dividend yield.

Positive Factors

Balance-sheet strength

Conservative leverage, meaningful cash and large revolver capacity provide durable financial flexibility. This supports funding Project Apollo, share repurchases, and working-capital needs, and cushions the business against demand shocks or input-cost volatility over the next several quarters.

Transformation program (Project Apollo)

A defined $20M run-rate cost-savings program anchored in plant consolidation and G&A/distribution efficiencies should structurally lift margins. As fixed-cost bases shrink and mix improves, the company can sustainably improve operating income and cash conversion over the medium term.

Product portfolio momentum

Strong volume growth in frozen novelties and new launches demonstrates category relevancy and diversified channels. Durable product-level momentum supports steady revenue streams across retail, theaters and amusement venues, reducing reliance on any single customer or channel.

Negative Factors

SKU rationalization sales headwind

Deliberate SKU pruning improves mix and margins but reduces reported top-line in the near-to-medium term. A smaller SKU base can lower nominal revenue growth and complicate meeting investor sales-growth targets until new product and distribution gains offset the pruning impact.

Compressed profitability

Margin compression and episodic nonrecurring charges have reduced reported returns and ROE versus prior years. Until Apollo savings fully offset restructuring costs and working-capital drags, earnings power and margin sustainability will remain under pressure.

Foodservice & bakery demand weakness

Material exposure to foodservice and bakery channels makes revenue sensitive to venue traffic, theatrical box-office trends, and operator economics. Slow recovery in these channels can persistently weigh on volumes and utilization until demand normalizes or retail rebalances growth.

J & J Snack Foods Business Overview & Revenue Model

Company Description

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 in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR. TWISTER, SOFT PRETZEL BITES, SOFTSTIX, SOFT PRETZEL BUNS, TEXAS TWIST, BAVARIAN BAKERY, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, KIM & SCOTT'S GOURMET PRETZELS, SERIOUSLY TWISTED!, BRAUHAUS, AUNTIE ANNE'S, and LABRIOLA, as well as under the private labels. It also provides frozen novelty under the LUIGI'S, WHOLE FRUIT, PHILLY SWIRL, SOUR PATCH, ICEE, and MINUTE MAID brands; churros under the TIO PEPE'S and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands. In addition, the company offers bakery products, including biscuits, fig and fruit bars, cookies, breads, rolls, crumbs, muffins, and donuts under the MRS. GOODCOOKIE, READI-BAKE, COUNTRY HOME, MARY B'S, DADDY RAY'S, and HILL & VALLEY brands, as well as under private labels; and frozen beverages under the ICEE, SLUSH PUPPIE, and PARROT ICE brands. Further, it provides funnel cakes under the FUNNEL CAKE FACTORY brand, as well as various other food products; and sells machines and machine parts to other food and beverage companies. The company sells its products through a network of food brokers, independent sales distributors, and direct sales force. It serves snack bars and food stand locations in chain, department and mass merchandising stores, malls and shopping centers, fast food and casual dining restaurants, stadiums and sports arenas, leisure and theme parks, convenience stores, movie theatres, warehouse club stores, schools, colleges and other institutions, and independent retailers. The company was incorporated in 1971 and is headquartered in Pennsauken, New Jersey.

How the Company Makes Money

J & J Snack Foods generates revenue through the sale of its snack products and frozen beverages across multiple channels. The company's revenue model is primarily based on direct sales to food service operators, grocery stores, and convenience retailers. Key revenue streams include bulk sales to distributors and retailers, as well as direct sales to end-users in various sectors such as schools, amusement parks, and stadiums. Significant partnerships with food service operators and retailers enhance the company's market reach and visibility. Additionally, JJSF benefits from brand recognition and customer loyalty, which contribute to repeat sales and stable revenue growth.

J & J Snack Foods Financial Statement Overview

Summary

Financials are stable but mixed: revenue is slightly down TTM (-1.19%) and margins/returns have compressed (net margin ~4.1% vs ~5.5% in FY2024; ROE ~6.9% TTM vs ~8.7%–9.0% prior). Offsetting this, leverage is conservative (~0.17x debt/equity) and cash generation is solid (TTM OCF $165.9M; FCF $83.1M), though cash conversion is weaker (FCF ~0.50x net income) and has been volatile.

Income Statement

TTM (Trailing-Twelve-Months) revenue is slightly down (-1.19%) versus the prior year, signaling a near-term slowdown after several years of growth. Profitability remains healthy for the category with ~29.7% gross margin and ~10.2% EBITDA margin, but earnings power has softened versus FY2024 as net margin declined to ~4.1% (from ~5.5% in FY2024), indicating some cost or pricing pressure.

Balance Sheet

Leverage is conservative, with debt at ~0.17x equity in both TTM (Trailing-Twelve-Months) and the latest annual period, providing balance-sheet flexibility. Equity is sizable relative to total assets, and returns are solid with return on equity around ~6.9% TTM (Trailing-Twelve-Months), though down from FY2023–FY2024 levels (~8.7%–9.0%), suggesting profitability has moderated.

Cash Flow

Cash generation is generally strong: TTM (Trailing-Twelve-Months) operating cash flow is $165.9M and free cash flow is $83.1M, with a sharp rebound from the weak FY2022 cash profile (negative free cash flow). However, free cash flow is only about half of net income in TTM (Trailing-Twelve-Months) (~0.50x), implying working-capital or capital-spend drag, and cash flow consistency has shown some volatility year to year.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	1.56B	1.58B	1.57B	1.56B	1.38B	1.14B
Gross Profit	470.59M	469.88M	486.13M	469.87M	369.64M	298.93M
EBITDA	156.22M	161.25M	191.37M	174.34M	115.90M	123.42M
Net Income	61.34M	65.59M	86.55M	78.91M	47.23M	55.61M
Balance Sheet
Total Assets	1.31B	1.38B	1.37B	1.28B	1.24B	1.15B
Cash, Cash Equivalents and Short-Term Investments	66.76M	105.89M	73.39M	49.58M	39.19M	291.17M
Total Debt	161.37M	163.56M	160.50M	121.91M	111.56M	60.53M
Total Liabilities	400.42M	414.81M	408.13M	365.72M	381.25M	306.45M
Stockholders Equity	912.86M	966.70M	956.97M	911.52M	863.17M	845.65M
Cash Flow
Free Cash Flow	83.12M	82.25M	99.50M	67.54M	-61.23M	47.92M
Operating Cash Flow	165.93M	165.13M	173.07M	172.28M	26.06M	101.50M
Investing Cash Flow	-69.26M	-70.05M	-77.67M	-93.24M	-296.17M	9.94M
Financing Cash Flow	-109.21M	-64.71M	-68.37M	-66.84M	22.22M	-24.67M

J & J Snack Foods Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 94.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JJSF, the sentiment is Negative. The current price of 94.87 is above the 20-day moving average (MA) of 87.40, above the 50-day MA of 90.77, and below the 200-day MA of 100.43, indicating a bearish trend. The MACD of -2.13 indicates Positive momentum. The RSI at 41.61 is Neutral, neither overbought nor oversold. The STOCH value of 65.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JJSF.

J & J Snack Foods Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NOMD	67 Neutral	$1.84B	8.66	7.39%	5.40%	1.44%	8.29%
JJSF	64 Neutral	$1.61B	27.04	6.60%	3.53%	0.54%	-24.42%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SMPL	62 Neutral	$1.49B	18.69	5.17%	―	8.98%	-26.29%
FLO	54 Neutral	$2.09B	25.03	6.18%	9.15%	0.26%	-19.45%
UTZ	48 Neutral	$1.30B	993.41	0.11%	2.51%	1.22%	―

J & J Snack Foods Corporate Events

J & J Snack Foods Shareholders Back Governance and Board

J & J Snack Foods held its annual meeting of shareholders on February 12, 2026, with 18,255,967 common shares represented in person or by proxy. Shareholders elected Mary M. Meder as director, with a substantial majority of votes cast in favor despite a notable number of withheld votes and broker non-votes.

Investors also ratified the appointment of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year ending September 26, 2026, with overwhelming support. In addition, shareholders approved on an advisory basis the compensation of the company’s named executive officers, reinforcing current governance and pay practices and signaling general investor confidence in management’s direction.

The most recent analyst rating on (JJSF) stock is a Hold with a $86.00 price target. To see the full list of analyst forecasts on J & J Snack Foods stock, see the JJSF Stock Forecast page.

J & J Snack Foods Updates Bylaws for Shareholder Clarity

On November 20, 2025, J & J Snack Foods Corp.’s Board of Directors approved amendments to the company’s Bylaws. The amendments clarify the timeframe for shareholders to submit notice of business for annual meetings and correct a typographical error, potentially impacting shareholder engagement and corporate governance processes.

The most recent analyst rating on (JJSF) stock is a Buy with a $130.00 price target. To see the full list of analyst forecasts on J & J Snack Foods stock, see the JJSF Stock Forecast page.