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

October 22, 2026

SFD: Updated Estimates, Outlook

By Heather Jones

Less than one month after its Q2 report, Smithfield preannounced weaker-than-expected Q3 results reflecting sustained weakness in pork margins and further deterioration in live hog production fundamentals, thereby starkly highlighting the unusually intense pressures besetting…

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October 22, 2026

TSN: Updated Estimates, Outlook

By Heather Jones

Approximately one month after its Q3 report, TSN preannounced disappointing Q4 results reflecting weaker demand in Chicken and more difficult market conditions for Pork (see our Smithfield note pubished today). Further, it anticipates substantial losses…

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October 21, 2026

PPC: Updated Estimates, Outlook

By Heather Jones

As detailed in prior notes (see our industry note published September 29 for our most up-to-date thoughts), the setup for U.S. broiler producers has greatly disappointed this year. H1 supply greatly exceeded expectations (up nearly…

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October 21, 2026

JBS: Updated Estimates, Outlook

By Heather Jones

We have adjusted our estimates for JBS reflecting a more cautious outlook for Pilgrim’s Pride (see our note published today), US Pork and JBS Brasil offset somewhat by a more constructive outlook for JBS Australia…

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October 17, 2026

BG: Updated Estimates, Outlook

By Heather Jones

We have tweaked our Q3, which goes to $2.36 ($2.35); Q4 moves slightly lower leaving our full-year unchanged ($9.40); our 2027 is also unchanged. There was much intra-quarter volatility, but the Q4 curve is now…

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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

Email Address: [email protected]

Phone Number: 1 (804) 314-2373