Shares of Marzetti Co, the Ohio-based food manufacturer, have fallen nearly 30% this year, bringing the stock to within striking distance of its 52-week low of $111.63. The decline follows a 14% earnings miss in May, when the company reported adjusted EPS of $1.35 against a $1.58 consensus estimate, alongside a 2.4% revenue shortfall at $453.4 million.
The company, which produces branded dressings, frozen breads, dips, and frozen rolls under brands such as Sister Schubert’s, is scheduled to release fiscal fourth-quarter results for the year ending June 2026. Analysts project adjusted EPS of $1.40 on revenue of $478.95 million, representing year-over-year growth of 4.5% and 0.7%, respectively. Forward EPS growth is expected to accelerate to 11.74%, up from 3.88% in the prior period.
Marzetti’s valuation metrics reflect the recent pullback. The stock trades at a forward P/E of 16.46 times and a trailing multiple of 17.45 times, while the mean analyst price target stands at $159.40, implying nearly 43% upside from current levels. The company maintains a 63-year dividend streak, having declared a quarterly payout of $1.00 in August.
Gross margins remain robust at 24.19%, though the broader condiments and sauces market is expanding at an annual rate of 5% to 6%, according to industry estimates. Marzetti’s products are distributed through restaurant chains including Olive Garden, Chick-fil-A, and Texas Roadhouse, which may influence investor sentiment ahead of the earnings release.
