Sectors & IndustriesConsumer DefensiveFood Distribution

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.

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

Spartannash Co (NASDAQ:SPTN) is the top food distribution stock with a Zen Score of 57, which is 19 points higher than the food distribution industry average of 38. It passed 20 out of 38 due diligence checks and has strong fundamentals. Spartannash Co has seen its stock return 2.64% over the past year, overperforming other food distribution stocks by 6 percentage points.

Spartannash Co has an average 1 year price target of $20.00, a downside of -8% from Spartannash Co's current stock price of $21.74.

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.

Andersons (NASDAQ:ANDE) is the second best food distribution stock with a Zen Score of 56, which is 18 points higher than the food distribution industry average of 38. It passed 20 out of 38 due diligence checks and has strong fundamentals. Andersons has seen its stock lose -6.36% over the past year, underperforming other food distribution stocks by -3 percentage points.

Hf Foods Group (NASDAQ:HFFG) is the third best food distribution stock with a Zen Score of 51, which is 13 points higher than the food distribution industry average of 38. It passed 16 out of 33 due diligence checks and has strong fundamentals. Hf Foods Group has seen its stock lose -26.7% over the past year, underperforming other food distribution stocks by -23 percentage points.

Out of 6 food distribution stocks that have issued dividends in the past year, the 3 food distribution stocks with the highest dividend yields are:

Spartannash Co (NASDAQ:SPTN) has an annual dividend yield of 3.98%, which is 2 percentage points higher than the food distribution industry average of 2.33%. 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 63.6% indicates that its dividend yield is sustainable for the long-term.

G Willi Food International (NASDAQ:WILC) has an annual dividend yield of 3.63%, which is 1 percentage points higher than the food distribution industry average of 2.33%. G Willi Food International's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. G Willi Food International's dividend has not shown consistent growth over the last 10 years.

G Willi Food International's dividend payout ratio of 48.7% indicates that its dividend yield is sustainable for the long-term.

Sysco (NYSE:SYY) has an annual dividend yield of 2.56%, which is the same as the food distribution industry average of 2.33%. 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 51.5% indicates that its dividend yield is sustainable for the long-term.

Food distribution stocks were down -0.25% in the last day, and down -1.96% over the last week. Calavo Growers was the among the top losers in the food distribution industry, dropping -0.54% yesterday.

Calavo Growers shares are trading higher after the company reported better-than-expected Q3 financial results. Also, the company increased its dividend.

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

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

Hf Foods Group's stock has dropped -26.7% in the past year. It has underperformed other stocks in the food distribution industry by -23 percentage points.

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 34 points higher than the food distribution industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Spartannash Co's stock has gained 2.64% in the past year. It has overperformed other stocks in the food distribution industry by 6 percentage points.

Top Wealth Group Holding (NASDAQ:TWG) is the third most undervalued food distribution stock based on WallStreetZen's Valuation Score. Top Wealth Group Holding has a valuation score of 57, which is 20 points higher than the food distribution industry average of 37. It passed 4 out of 7 valuation due diligence checks.