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Best Food Distribution Stocks to Buy Now (2024)
Top food distribution stocks in 2024 ranked by overall Zen Score. See the best food distribution stocks to buy now, according to analyst forecasts for the food distribution industry.

Industry: Food Distribution
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
SPTN
SPARTANNASH CO
NASDAQ
Food Distribution
$729.40M$21.070.77%$208.65M13.77x2.03
PFGC
PERFORMANCE FOOD GROUP CO
NYSE
Food Distribution
$11.94B$76.770.56%$1.35B27.52x2.34
ANDE
ANDERSONS INC
NASDAQ
Food Distribution
$1.87B$55.281.19%$310.20M18.43x1.82
SYY
SYSCO CORP
NYSE
Food Distribution
$40.31B$80.970.37%$4.21B19.65x9.29
USFD
US FOODS HOLDING CORP
NYSE
Food Distribution
$12.44B$50.79-1.11%$1.40B24.30x1.78
DIT
AMCON DISTRIBUTING CO
NYSEMKT
Food Distribution
$125.11M$198.47-1.50%$33.14M11.58x2.39
WILC
G WILLI FOOD INTERNATIONAL LTD
NASDAQ
Food Distribution
$143.30M$10.330.83%N/A15.13x0.07
HFFG
HF FOODS GROUP INC
NASDAQ
Food Distribution
$203.62M$3.76-1.05%$28.80M-23.50x1.14
CHEF
CHEFS' WAREHOUSE INC
NASDAQ
Food Distribution
$1.51B$38.011.77%$156.55M41.32x2.75
AVO
MISSION PRODUCE INC
NASDAQ
Food Distribution
$746.20M$10.550.57%$49.70M-263.75x0.77
CVGW
CALAVO GROWERS INC
NASDAQ
Food Distribution
$513.67M$28.861.41%$17.41M-61.40x0.84
UNFI
UNITED NATURAL FOODS INC
NYSE
Food Distribution
$927.36M$15.61-0.06%$334.00M-11.39x3.62

Food Distribution Stocks FAQ

What are the best food distribution stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best food distribution stocks to buy right now are:

1. Spartannash Co (NASDAQ:SPTN)


Spartannash Co (NASDAQ:SPTN) is the top food distribution stock with a Zen Score of 57, which is 23 points higher than the food distribution industry average of 34. It passed 20 out of 38 due diligence checks and has strong fundamentals. Spartannash Co has seen its stock lose -21.26% over the past year, underperforming other food distribution stocks by -31 percentage points.

Spartannash Co has an average 1 year price target of $22.00, an upside of 4.41% from Spartannash Co's current stock price of $21.07.

Spartannash Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Spartannash Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Performance Food Group Co (NYSE:PFGC)


Performance Food Group Co (NYSE:PFGC) is the second best food distribution stock with a Zen Score of 48, which is 14 points higher than the food distribution industry average of 34. It passed 16 out of 33 due diligence checks and has strong fundamentals. Performance Food Group Co has seen its stock return 35.66% over the past year, overperforming other food distribution stocks by 26 percentage points.

Performance Food Group Co has an average 1 year price target of $79.80, an upside of 3.95% from Performance Food Group Co's current stock price of $76.77.

Performance Food Group Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Performance Food Group Co, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Andersons (NASDAQ:ANDE)


Andersons (NASDAQ:ANDE) is the third best food distribution stock with a Zen Score of 47, which is 13 points higher than the food distribution industry average of 34. It passed 16 out of 38 due diligence checks and has strong fundamentals. Andersons has seen its stock return 21.15% over the past year, overperforming other food distribution stocks by 12 percentage points.

Andersons has an average 1 year price target of $65.00, an upside of 17.58% from Andersons's current stock price of $55.28.

Andersons stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Andersons, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the food distribution stocks with highest dividends?

Out of 5 food distribution stocks that have issued dividends in the past year, the 3 food distribution stocks with the highest dividend yields are:

1. Spartannash Co (NASDAQ:SPTN)


Spartannash Co (NASDAQ:SPTN) has an annual dividend yield of 4.08%, which is 1 percentage points higher than the food distribution industry average of 2.86%. Spartannash Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Spartannash Co's dividend has shown consistent growth over the last 10 years.

Spartannash Co's dividend payout ratio of 56.2% indicates that its dividend yield is sustainable for the long-term.

2. Sysco (NYSE:SYY)


Sysco (NYSE:SYY) has an annual dividend yield of 2.46%, which is the same as the food distribution industry average of 2.86%. Sysco's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Sysco's dividend has shown consistent growth over the last 10 years.

Sysco's dividend payout ratio of 48.3% indicates that its dividend yield is sustainable for the long-term.

3. Calavo Growers (NASDAQ:CVGW)


Calavo Growers (NASDAQ:CVGW) has an annual dividend yield of 1.39%, which is -1 percentage points lower than the food distribution industry average of 2.86%. Calavo Growers's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Calavo Growers's dividend has not shown consistent growth over the last 10 years.

Calavo Growers's dividend payout ratio of -85.1% indicates that its dividend yield might not be sustainable for the long-term.

Why are food distribution stocks down?

Food distribution stocks were down -0.15% in the last day, and up 1.62% over the last week.

We couldn't find a catalyst for why food distribution stocks are down.

What are the most undervalued food distribution stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued food distribution stocks right now are:

1. Amcon Distributing Co (NYSEMKT:DIT)


Amcon Distributing Co (NYSEMKT:DIT) is the most undervalued food distribution stock based on WallStreetZen's Valuation Score. Amcon Distributing Co has a valuation score of 71, which is 37 points higher than the food distribution industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Amcon Distributing Co's stock has gained 21.22% in the past year. It has overperformed other stocks in the food distribution industry by 12 percentage points.

2. Spartannash Co (NASDAQ:SPTN)


Spartannash Co (NASDAQ:SPTN) is the second most undervalued food distribution stock based on WallStreetZen's Valuation Score. Spartannash Co has a valuation score of 71, which is 37 points higher than the food distribution industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Spartannash Co's stock has dropped -21.26% in the past year. It has underperformed other stocks in the food distribution industry by -31 percentage points.

3. Andersons (NASDAQ:ANDE)


Andersons (NASDAQ:ANDE) is the third most undervalued food distribution stock based on WallStreetZen's Valuation Score. Andersons has a valuation score of 57, which is 23 points higher than the food distribution industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Andersons's stock has gained 21.15% in the past year. It has overperformed other stocks in the food distribution industry by 12 percentage points.

Are food distribution stocks a good buy now?

66.67% of food distribution stocks rated by analysts are a strong buy right now. On average, analysts expect food distribution stocks to rise by 10.36% over the next year.

What is the average p/e ratio of the food distribution industry?

The average P/E ratio of the food distribution industry is 18.05x.
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