Sectors & Industries Consumer DefensivePackaged Foods
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

Overview Zen Score Price Valuation Financials

Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
SMPL	SIMPLY GOOD FOODS CO	$3.44B	8.90%	6.70%	10.41%	38.70%	0.30	4.20	37.30%	11.10%	16.80%
LWAY	LIFEWAY FOODS INC	$365.36M	20.90%	14.90%	26.19%	44.60%	0.35	2.30	26.50%	7.10%	10.64%
BON	BON NATURAL LIFE LTD	$5.01M	14.10%	11.00%	15.80%	15.60%	0.30	2.52	29.90%	15.60%	19.77%
JJSF	J&J SNACK FOODS CORP	$2.65B	8.90%	6.20%	10.00%	13.60%	0.42	2.40	30.40%	5.10%	7.25%
MAMA	MAMA's CREATIONS INC	$223.58M	38.70%	16.00%	32.09%	44.30%	1.30	1.41	29.40%	6.30%	8.83%
JBSS	SANFILIPPO JOHN B & SON INC	$1.15B	22.80%	15.10%	26.08%	26.30%	0.58	2.26	22.00%	6.70%	9.31%
INGR	INGREDION INC	$7.43B	19.00%	8.50%	16.10%	14.20%	1.13	1.92	21.40%	7.90%	11.58%
LANC	LANCASTER COLONY CORP	$5.15B	14.70%	11.40%	16.97%	25.20%	0.27	2.48	22.40%	6.90%	8.96%
DAR	DARLING INGREDIENTS INC	$7.13B	14.90%	5.90%	9.60%	8.90%	1.38	1.86	24.20%	9.50%	14.24%
THS	TREEHOUSE FOODS INC	$1.94B	3.10%	1.20%	4.48%	5.10%	1.47	1.50	16.80%	1.50%	4.44%
LW	LAMB WESTON HOLDINGS INC	$12.11B	69.10%	16.00%	27.15%	19.40%	3.12	1.19	26.80%	16.70%	22.50%
CENT	CENTRAL GARDEN & PET CO	$2.78B	9.40%	4.00%	7.84%	7.90%	1.36	3.47	28.80%	4.10%	6.92%
K	KELLANOVA	$19.67B	25.00%	5.40%	14.32%	16.00%	3.86	0.66	32.60%	7.20%	11.52%
HRL	HORMEL FOODS CORP	$19.34B	10.30%	5.90%	9.70%	15.10%	0.72	1.49	16.60%	6.50%	9.00%
CAG	CONAGRA BRANDS INC	$14.86B	10.60%	4.30%	9.02%	13.00%	1.39	0.95	27.30%	7.90%	13.74%
KHC	KRAFT HEINZ CO	$46.29B	5.80%	3.20%	5.53%	16.30%	0.82	0.99	33.50%	10.70%	17.09%
PETZ	TDH HOLDINGS INC	$12.08M	10.00%	5.50%	5.44%	19.30%	0.61	2.60	35.50%	55.10%	38.84%
NOMD	NOMAD FOODS LTD	$3.05B	7.30%	3.00%	6.32%	12.90%	1.48	1.13	28.20%	6.30%	11.18%
BRBR	BELLRING BRANDS INC	$7.38B	-49.40%	22.80%	51.56%	24.40%	-3.49	2.86	32.10%	9.50%	16.44%
CPB	CAMPBELL SOUP CO	$13.37B	20.60%	6.30%	11.99%	16.50%	2.15	1.01	31.20%	8.30%	13.00%
MKC	MCCORMICK & CO INC	$20.33B	12.70%	5.00%	10.50%	17.80%	1.46	0.68	37.90%	9.60%	15.54%
FAMI	FARMMI INC	$5.13M	1.60%	1.50%	2.14%	2.50%	0.08	14.76	3.90%	2.30%	3.18%
LFVN	LIFEVANTAGE CORP	$79.59M	9.50%	4.50%	9.51%	10.10%	1.30	1.68	79.60%	1.40%	1.79%
FRPT	FRESHPET INC	$5.14B	-3.60%	-2.40%	-1.40%	-1.30%	0.54	4.79	32.70%	-4.40%	-2.52%
USNA	USANA HEALTH SCIENCES INC	$836.39M	13.50%	10.40%	19.99%	75.40%	0.27	3.52	80.80%	6.90%	11.15%
FLO	FLOWERS FOODS INC	$5.18B	8.70%	3.60%	7.00%	6.90%	1.54	1.04	48.30%	2.40%	3.81%
BRID	BRIDGFORD FOODS CORP	$95.31M	2.90%	2.20%	3.73%	3.90%	0.28	4.71	28.30%	1.50%	2.26%
SENEA	SENECA FOODS CORP	$412.03M	5.60%	2.30%	5.85%	4.40%	1.51	4.81	10.30%	2.20%	4.99%
GIS	GENERAL MILLS INC	$39.99B	25.80%	8.20%	15.19%	25.60%	2.24	0.66	34.60%	12.70%	17.92%
RGF	REAL GOOD FOOD COMPANY INC	$8.72M	-47.40%	-11.00%	-0.99%	-0.40%	6.83	1.56	16.80%	-9.70%	-0.59%
BSFC	BLUE STAR FOODS CORP	$2.60M	-505.20%	-62.40%	-85.28%	-61.90%	1.45	1.28	2.60%	-73.00%	-44.08%
NATR	NATURES SUNSHINE PRODUCTS INC	$366.97M	9.90%	6.30%	10.94%	17.10%	0.57	2.16	72.10%	3.40%	4.25%
BRCC	BRC INC	$871.94M	-82.80%	-6.80%	-6.75%	-4.10%	14.26	1.28	31.70%	-4.20%	-2.59%
LSF	LAIRD SUPERFOOD INC	$18.64M	-67.50%	-48.30%	-74.31%	-200.10%	0.34	3.73	30.10%	-29.70%	-29.65%
FREE	WHOLE EARTH BRANDS INC	$206.58M	-15.00%	-4.60%	1.68%	1.70%	2.28	3.24	26.10%	-6.90%	2.22%
BYND	BEYOND MEAT INC	$413.93M	N/A	-37.00%	-47.73%	-18.20%	-2.51	5.01	-24.10%	-98.50%	-97.32%
RKDA	ARCADIA BIOSCIENCES INC	$2.85M	-88.70%	-55.70%	-86.71%	-153.00%	0.55	4.17	38.10%	-262.30%	-262.16%
POST	POST HOLDINGS INC	$6.39B	7.80%	2.50%	6.16%	7.60%	2.06	1.99	27.60%	4.00%	9.37%
KLG	WK KELLOGG CO	$2.05B	24.20%	6.80%	14.72%	15.40%	5.30	0.84	27.30%	4.00%	5.61%
BRFS	BRF SA	$5.79B	-15.50%	-3.50%	1.79%	1.40%	2.79	1.34	16.50%	-3.80%	1.26%
BTTR	BETTER CHOICE CO INC	$5.67M	-171.20%	-80.40%	-703.28%	-176.00%	4.62	1.19	30.60%	-59.00%	-55.49%
PPC	PILGRIMS PRIDE CORP	$8.47B	10.40%	3.30%	7.75%	7.00%	1.94	1.69	6.40%	1.90%	3.26%
NCRA	NOCERA INC	$15.42M	-85.90%	-62.10%	-130.74%	-360.20%	0.56	0.97	0.80%	-17.90%	-17.84%
WEST	WESTROCK COFFEE CO	$882.98M	-58.90%	-4.00%	-1.61%	-1.70%	5.13	1.31	16.20%	-4.00%	-1.36%
SJM	J M SMUCKER CO	$12.06B	-1.40%	-0.60%	1.16%	2.20%	1.68	0.78	36.50%	-1.20%	2.52%
JVA	COFFEE HOLDING CO INC	$9.48M	0.20%	0.10%	2.38%	1.70%	0.56	2.76	17.50%	0.10%	0.92%
STKL	SUNOPTA INC	$776.27M	-72.90%	-22.30%	-28.12%	-15.20%	3.07	1.19	14.10%	-28.10%	-22.98%
NUZE	NUZEE INC	$2.09M	-177.50%	-122.00%	-465.08%	-544.80%	1.65	1.32	0.30%	-261.30%	-261.73%
PLAG	PLANET GREEN HOLDINGS CORP	$15.50M	-75.40%	-41.10%	-86.64%	-81.90%	1.19	0.65	5.30%	-76.90%	-74.89%
BOF	BRANCHOUT FOOD INC	$8.70M	-379.30%	-98.60%	-148.78%	-138.70%	0.41	2.15	-3.40%	-138.90%	-123.52%
BGS	B&G FOODS INC	$869.58M	-7.80%	-1.80%	2.63%	2.60%	3.15	3.06	22.10%	-3.20%	4.08%
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	$7.34M	-136.50%	-101.40%	-408.11%	-292.10%	0.05	4.00	4.90%	-85.80%	-84.68%
FARM	FARMER BROTHERS CO	$65.54M	-117.70%	-26.00%	-42.32%	-24.20%	3.20	1.42	32.40%	-14.90%	-12.03%
HLF	HERBALIFE LTD	$874.50M	-12.50%	5.20%	24.08%	11.00%	-3.65	1.10	76.50%	2.80%	7.29%
SMFL	SMART FOR LIFE INC	$460.93k	N/A	-76.60%	-135.56%	-149.60%	25.83	0.18	14.20%	-188.30%	-141.74%
UTZ	UTZ BRANDS INC	$2.62B	-3.60%	-0.90%	1.45%	2.50%	2.04	1.42	31.70%	-1.70%	2.53%
BRLS	BOREALIS FOODS INC	$85.52M	N/A	-85.00%	1,353.50%	-73.20%	-4.08	0.26	-4.30%	-91.60%	-68.50%
STKH	STEAKHOLDER FOODS LTD	$911.64k	-234.50%	-144.80%	-835.22%	-385.40%	14.57	0.62	N/A	N/A	N/A
TWG	TOP WEALTH GROUP HOLDING LTD	N/A	N/A	N/A	N/A	N/A	0.50	2.84	N/A	N/A	N/A
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	$38.06M	-4.70%	-2.80%	-3.01%	-2.70%	0.82	4.06	7.90%	-3.20%	-3.35%
HAIN	HAIN CELESTIAL GROUP INC	$551.57M	-15.80%	-7.10%	-6.84%	-8.20%	1.24	2.24	21.60%	-8.90%	-7.54%
SNAX	STRYVE FOODS INC	$4.31M	-267.40%	-52.40%	-90.96%	-46.20%	19.56	0.53	13.70%	-107.50%	-87.00%
DDC	DDC ENTERPRISE LTD	N/A	N/A	N/A	N/A	N/A	-1.83	0.55	N/A	N/A	N/A

Food Stocks FAQ

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

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

1. Simply Good Foods Co (NASDAQ:SMPL)

Simply Good Foods Co (NASDAQ:SMPL) is the top food stock with a Zen Score of 60, which is 32 points higher than the food industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock lose -4.31% over the past year, overperforming other food stocks by 13 percentage points.

Simply Good Foods Co has an average 1 year price target of $38.71, an upside of 12.54% from Simply Good Foods Co's current stock price of $34.40.

Simply Good Foods Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Simply Good Foods Co, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Lifeway Foods (NASDAQ:LWAY)

Lifeway Foods (NASDAQ:LWAY) is the second best food stock with a Zen Score of 57, which is 29 points higher than the food industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 314.5% over the past year, overperforming other food stocks by 332 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -43.71% from Lifeway Foods's current stock price of $24.87.

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

3. Bon Natural Life (NASDAQ:BON)

Bon Natural Life (NASDAQ:BON) is the third best food stock with a Zen Score of 56, which is 28 points higher than the food industry average of 28. It passed 18 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -62.65% over the past year, underperforming other food stocks by -45 percentage points.

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 8.73%, which is 5 percentage points higher than the food industry average of 3.35%.

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 6.87%, which is 4 percentage points higher than the food industry average of 3.35%. 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. Kraft Heinz Co (NASDAQ:KHC)

Kraft Heinz Co (NASDAQ:KHC) has an annual dividend yield of 4.19%, which is 1 percentage points higher than the food industry average of 3.35%. Kraft Heinz Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Kraft Heinz Co's dividend has not shown consistent growth over the last 10 years.

Kraft Heinz Co's dividend payout ratio of 68.7% indicates that its dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.18% in the last day, and up 1.35% over the last week.

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

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 48 points higher than the food industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -62.65% in the past year. It has underperformed other stocks in the food industry by -45 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 48 points higher than the food industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Central Garden & Pet Co's stock has gained 42.03% in the past year. It has overperformed other stocks in the food industry by 60 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 34 points higher than the food industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -25.09% in the past year. It has underperformed other stocks in the food industry by -7 percentage points.

Are food stocks a good buy now?

35% of food stocks rated by analysts are a hold right now. On average, analysts expect food stocks to rise by 12.81% 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 8.57x.

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.