Heather Jones Research


Heather Jones Research offers in-depth fundamentals-based research of domestic equities in the Agribusiness and Protein sectors, as well as more broad-based industry research.

Latest Research

September 13, 2024

HJR Protein Roundup: Production Outlook

By Heather Jones

2024 has borne a striking resemblance to 2014/2015 – sharp contraction in cattle herd (bottomed in 2014, down 9% from 2007 peak), dropping feed costs, bird flu and supply challenges within the broiler industry. This…

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September 12, 2024

HRL: Updated Estimates, Outlook

By Heather Jones

Similarly to Q2, multiple factors depressed Hormel’s Q3 results sales and obscured relatively strong dynamics in the core. The top line missed on a greater-than-expected impact from lower whole bird and contract manufacturing sales, as…

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August 26, 2024

Adj Est; ’24 Sales Guide a Risk, but 2025 View Intact

By Heather Jones

Hormel has been buffeted by multiple challenges this year in addition to the overall consumer malaise affecting the entire industry. The weak whole bird market has been more of a headwind than expected and the…

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August 22, 2024

GPRE: Updated Outlook, Est.

By Heather Jones

GPRE reported Q2 results materially below consensus, but just $1M shy of HJR at the EBITDA line. We have raised our Q3 estimate slightly to account for a stronger-than-expected margin backdrop and left our Q4…

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August 20, 2024

INGR: Updated Outlook, Est

By Heather Jones

Ingredion posted strong Q2 results propelled by improved volumes and margin expansion. Adjusted for the SK divestiture, volumes grew 5% as compared to a 1.9% decline in Q1; on a 2-yr stack, Q2 volumes declined…

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OUR COVERED COMPANIES

Heather Jones Research provides expert coverage on the following companies:

Our Mission

We are committed to generating and distributing insightful, proprietary and highly unique research analysis to help create alpha for institutional equity investors and private equity funds. Our goal is to enable the buyside in both the public and private spheres make better investing decisions with an eye toward both current trends, as well as the future.

OUR LEADERSHIP

Heather L. Jones founded Heather Jones Research, LLC in May 2019.  She has worked in equity research for over 20 years including stints on both the buy- and sell-side. She has worked at Bear Stearns, BB&T and most recently, Candlestick Capital, LLC. In StarMine’s 2013 Analyst Awards for Excellence, she was ranked #1 stock picker in the Food Products category. She was also named top stock picker for 2012 in the Food and Tobacco industry in The Wall Street Journal’s annual “Best on the Street” analyst survey. In 2007, Jones placed third in her industry. She was also ranked #1 in the food industry by Forbes.com in its 2009 “Blue Chip Analyst” awards survey.

CONTACT US

Office Location: 11 S. 12th St, Richmond, VA 23219

Email Address: [email protected]

Phone Number: 1 (804) 314-2373