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

Industry: Packaged Foods
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
BON
BON NATURAL LIFE LTD
NASDAQ
Packaged Foods
$5.28M$0.45-3.43%$7.02M0.90x0.30
JJSF
J&J SNACK FOODS CORP
NASDAQ
Packaged Foods
$2.77B$142.94-1.48%$177.48M34.53x0.42
MAMA
MAMA's CREATIONS INC
NASDAQ
Packaged Foods
$198.21M$5.328.57%$11.22M28.00x1.37
DAR
DARLING INGREDIENTS INC
NYSE
Packaged Foods
$6.97B$43.673.21%$1.47B10.78x1.38
JBSS
SANFILIPPO JOHN B & SON INC
NASDAQ
Packaged Foods
$1.17B$100.47-1.86%$115.03M17.32x0.58
SOVO
SOVOS BRANDS INC
NASDAQ
Packaged Foods
$2.32B$22.77-0.09%$117.22M75.90x1.33
SMPL
SIMPLY GOOD FOODS CO
NASDAQ
Packaged Foods
$3.51B$35.15-0.93%$234.00M26.23x0.32
LW
LAMB WESTON HOLDINGS INC
NYSE
Packaged Foods
$14.73B$102.05-0.16%$1.75B13.17x3.23
THS
TREEHOUSE FOODS INC
NYSE
Packaged Foods
$1.91B$35.39-1.12%$294.20M37.25x1.47
K
KELLANOVA
NYSE
Packaged Foods
$18.68B$54.83-0.58%$1.93B19.72x3.86
LANC
LANCASTER COLONY CORP
NASDAQ
Packaged Foods
$5.68B$206.25-0.32%$223.00M43.98x0.27
LWAY
LIFEWAY FOODS INC
NASDAQ
Packaged Foods
$180.99M$12.321.90%$16.10M22.00x0.43
CENT
CENTRAL GARDEN & PET CO
NASDAQ
Packaged Foods
$2.96B$43.970.23%$370.13M21.39x1.36
CPB
CAMPBELL SOUP CO
NYSE
Packaged Foods
$12.78B$42.870.54%$1.63B16.00x2.26
INGR
INGREDION INC
NYSE
Packaged Foods
$7.68B$117.13-0.43%$1.16B12.03x1.13
HRL
HORMEL FOODS CORP
NYSE
Packaged Foods
$18.28B$33.37-5.52%$1.38B22.86x0.72
KHC
KRAFT HEINZ CO
NASDAQ
Packaged Foods
$42.62B$35.13-0.43%$5.52B15.08x0.82
BRBR
BELLRING BRANDS INC
NYSE
Packaged Foods
$7.82B$59.734.88%$330.70M48.17x-3.49
NOMD
NOMAD FOODS LTD
NYSE
Packaged Foods
$3.18B$19.505.81%$473.26M15.88x1.48
CAG
CONAGRA BRANDS INC
NYSE
Packaged Foods
$13.28B$27.78-1.07%$2.08B13.42x1.45
PETZ
TDH HOLDINGS INC
NASDAQ
Packaged Foods
$11.36M$1.101.85%$751.29k4.40x0.61
GIS
GENERAL MILLS INC
NYSE
Packaged Foods
$36.31B$63.94-0.37%$3.97B15.37x2.30
FAMI
FARMMI INC
NASDAQ
Packaged Foods
$6.64M$1.092.83%$3.80M1.56x0.08
LFVN
LIFEVANTAGE CORP
NASDAQ
Packaged Foods
$90.08M$7.002.64%$8.98M30.43x1.30
MKC
MCCORMICK & CO INC
NYSE
Packaged Foods
$18.19B$67.81-1.52%$1.21B26.70x1.54
FRPT
FRESHPET INC
NASDAQ
Packaged Foods
$5.35B$110.80-1.97%$39.21M-158.29x0.54
FLO
FLOWERS FOODS INC
NYSE
Packaged Foods
$4.68B$22.23-0.85%$345.43M38.33x1.54
USNA
USANA HEALTH SCIENCES INC
NYSE
Packaged Foods
$929.70M$48.320.12%$123.11M14.60x0.27
SENEA
SENECA FOODS CORP
NASDAQ
Packaged Foods
$369.04M$51.852.35%$122.65M11.13x1.51
BRID
BRIDGFORD FOODS CORP
NASDAQ
Packaged Foods
$94.85M$10.450.48%$11.63M27.50x0.29
NCRA
NOCERA INC
NASDAQ
Packaged Foods
$13.30M$1.33-1.85%-$4.15M-2.65x0.31
RGF
REAL GOOD FOOD COMPANY INC
NASDAQ
Packaged Foods
$37.05M$1.10-5.17%$5.29M-0.53x6.83
RKDA
ARCADIA BIOSCIENCES INC
NASDAQ
Packaged Foods
$3.05M$2.75-3.51%-$14.68M-0.15x0.52
BTTR
BETTER CHOICE CO INC
NYSEMKT
Packaged Foods
$5.39M$0.17-9.19%-$29.59M-0.15x1.06
BRCC
BRC INC
NYSE
Packaged Foods
$873.61M$4.12-0.24%-$5.38M-14.71x8.39
BYND
BEYOND MEAT INC
NASDAQ
Packaged Foods
$631.90M$9.77-8.61%-$277.95M-1.86x-2.51
PPC
PILGRIMS PRIDE CORP
NASDAQ
Packaged Foods
$7.60B$32.090.79%$986.65M23.60x1.94
POST
POST HOLDINGS INC
NYSE
Packaged Foods
$6.33B$104.290.12%$1.12B20.82x2.06
JVA
COFFEE HOLDING CO INC
NASDAQ
Packaged Foods
$7.59M$1.330.76%$375.19k-8.87x0.77
BRFS
BRF SA
NYSE
Packaged Foods
$3.25B$3.01-1.63%$568.40M-5.07x4.08
FREE
WHOLE EARTH BRANDS INC
NASDAQ
Packaged Foods
$205.26M$4.790.21%-$11.22M-2.19x2.33
SJM
J M SMUCKER CO
NYSE
Packaged Foods
$13.01B$122.541.97%$605.00M-153.18x1.68
WEST
WESTROCK COFFEE CO
NASDAQ
Packaged Foods
$872.47M$9.91-2.08%$5.46M-13.39x3.89
LSF
LAIRD SUPERFOOD INC
NYSEMKT
Packaged Foods
$7.66M$0.822.38%-$25.33M-0.29x0.49
NUZE
NUZEE INC
NASDAQ
Packaged Foods
$2.20M$1.728.86%-$8.30M-0.14x1.65
NATR
NATURES SUNSHINE PRODUCTS INC
NASDAQ
Packaged Foods
$340.30M$17.840.51%$33.64M41.49x0.58
BSFC
BLUE STAR FOODS CORP
NASDAQ
Packaged Foods
$1.76M$0.1214.02%-$8.33M-0.02x14.01
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
NASDAQ
Packaged Foods
$14.67M$2.001.52%-$41.68M-1.54x0.05
UTZ
UTZ BRANDS INC
NYSE
Packaged Foods
$2.47B$17.52-0.96%$115.90M-56.52x2.04
BGS
B&G FOODS INC
NYSE
Packaged Foods
$936.41M$11.913.12%$172.58M-13.38x3.15
FARM
FARMER BROTHERS CO
NASDAQ
Packaged Foods
$76.29M$3.620.70%-$29.19M-1.28x3.20
STKL
SUNOPTA INC
NASDAQ
Packaged Foods
$786.71M$6.78-3.56%-$113.80M-4.37x3.07
PLAG
PLANET GREEN HOLDINGS CORP
NYSEMKT
Packaged Foods
$21.84M$0.30-0.66%-$31.77M-0.55x0.96
BOF
BRANCHOUT FOOD INC
NASDAQ
Packaged Foods
$8.90M$2.201.85%N/AN/A0.21
HLF
HERBALIFE LTD
NYSE
Packaged Foods
$868.54M$8.75-0.91%$482.20M6.08x-3.65
SMFL
SMART FOR LIFE INC
NASDAQ
Packaged Foods
$940.07k$1.18-9.23%-$12.49M-0.01x25.83
BRLS
BOREALIS FOODS INC
NASDAQ
Packaged Foods
$178.59M$8.682.11%-$21.16MN/A-5.75
SNAX
STRYVE FOODS INC
NASDAQ
Packaged Foods
$3.07M$1.28-1.54%-$13.01M-0.15x5.17
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
NASDAQ
Packaged Foods
$36.29M$5.96-1.32%$1.09M-8.51x0.82
YGF
YANGUFANG INTERNATIONAL GROUP CO LTD
NASDAQ
Packaged Foods
$24.10M$0.730.14%N/AN/A2.62
HAIN
HAIN CELESTIAL GROUP INC
NASDAQ
Packaged Foods
$845.32M$9.41-5.90%-$84.30M-5.32x1.24
STKH
STEAKHOLDER FOODS LTD
NASDAQ
Packaged Foods
$13.21M$0.62-1.11%-$28.30M-0.30x14.57
DDC
DDC ENTERPRISE LTD
NYSEMKT
Packaged Foods
N/A$1.2311.82%N/AN/A-1.83
KLG
WK KELLOGG CO
NYSE
Packaged Foods
$1.26B$14.720.55%N/AN/A8.52

Food Stocks FAQ

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

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

1. Bon Natural Life (NASDAQ:BON)


Bon Natural Life (NASDAQ:BON) is the top food stock with a Zen Score of 56, which is 29 points higher than the food industry average of 27. It passed 18 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -82.14% over the past year, underperforming other food stocks by -76 percentage points.

2. J&J Snack Foods (NASDAQ:JJSF)


J&J Snack Foods (NASDAQ:JJSF) is the second best food stock with a Zen Score of 55, which is 28 points higher than the food industry average of 27. It passed 20 out of 38 due diligence checks and has strong fundamentals. J&J Snack Foods has seen its stock return 1.72% over the past year, overperforming other food stocks by 7 percentage points.

J&J Snack Foods has an average 1 year price target of $195.00, an upside of 36.42% from J&J Snack Foods's current stock price of $142.94.

J&J Snack Foods stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering J&J Snack Foods, 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.

3. Darling Ingredients (NYSE:DAR)


Darling Ingredients (NYSE:DAR) is the third best food stock with a Zen Score of 49, which is 22 points higher than the food industry average of 27. It passed 17 out of 33 due diligence checks and has strong fundamentals. Darling Ingredients has seen its stock lose -31.71% over the past year, underperforming other food stocks by -26 percentage points.

Darling Ingredients has an average 1 year price target of $74.00, an upside of 69.45% from Darling Ingredients's current stock price of $43.67.

Darling Ingredients stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Darling Ingredients, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the food stocks with highest dividends?

Out of 18 food stocks that have issued dividends in the past year, the 3 food stocks with the highest dividend yields are:

1. Lifevantage (NASDAQ:LFVN)


Lifevantage (NASDAQ:LFVN) has an annual dividend yield of 7.71%, which is 4 percentage points higher than the food industry average of 3.39%.

Lifevantage's dividend payout ratio of 232.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. B&G Foods (NYSE:BGS)


B&G Foods (NYSE:BGS) has an annual dividend yield of 6.38%, which is 3 percentage points higher than the food industry average of 3.39%. B&G Foods's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. B&G Foods's dividend has not shown consistent growth over the last 10 years.

B&G Foods's dividend payout ratio of -85.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Conagra Brands (NYSE:CAG)


Conagra Brands (NYSE:CAG) has an annual dividend yield of 4.97%, which is 2 percentage points higher than the food industry average of 3.39%. Conagra Brands's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Conagra Brands's dividend has shown consistent growth over the last 10 years.

Conagra Brands's dividend payout ratio of 65.7% indicates that its high dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.19% in the last day, and up 2.09% over the last week. Beyond Meat was the among the top losers in the packaged foods industry, dropping -8.61% yesterday.

Beyond Meat shares are trading lower after the company announced that it was unable to file its annual report due to technical difficulties in assembling the submission for filing. Also, the company said it anticipates it will seek to raise additional capital in 2024.

What are the most undervalued food stocks?

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

1. Bon Natural Life (NASDAQ:BON)


Bon Natural Life (NASDAQ:BON) is the most undervalued food stock based on WallStreetZen's Valuation Score. Bon Natural Life has a valuation score of 71, which is 49 points higher than the food industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -82.14% in the past year. It has underperformed other stocks in the food industry by -76 percentage points.

2. Central Garden & Pet Co (NASDAQ:CENT)


Central Garden & Pet Co (NASDAQ:CENT) is the second most undervalued food stock based on WallStreetZen's Valuation Score. Central Garden & Pet Co has a valuation score of 71, which is 49 points higher than the food industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Central Garden & Pet Co's stock has gained 36.72% in the past year. It has overperformed other stocks in the food industry by 42 percentage points.

3. Darling Ingredients (NYSE:DAR)


Darling Ingredients (NYSE:DAR) is the third most undervalued food stock based on WallStreetZen's Valuation Score. Darling Ingredients has a valuation score of 57, which is 35 points higher than the food industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -31.71% in the past year. It has underperformed other stocks in the food industry by -26 percentage points.

Are food stocks a good buy now?

36.84% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 11.68% over the next year.

What is the average p/e ratio of the packaged foods industry?

The average P/E ratio of the packaged foods industry is 6.99x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.