WallStreetZenWallStreetZen

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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
SMPL
SIMPLY GOOD FOODS CO
$3.44B$34.40$38.7112.54%Buy73.42%15.98%N/AN/A
LWAY
LIFEWAY FOODS INC
$365.36M$24.87$14.00-43.71%Buy112.41%N/AN/AN/A
BON
BON NATURAL LIFE LTD
$5.01M$4.27N/AN/AN/AN/A45.58%106.00%N/AN/A
JJSF
J&J SNACK FOODS CORP
$2.65B$136.67$195.0042.68%Strong Buy11.97%34.24%N/AN/A
MAMA
MAMA's CREATIONS INC
$223.58M$6.00$7.8330.55%Strong Buy313.73%N/AN/AN/A
JBSS
SANFILIPPO JOHN B & SON INC
$1.15B$99.26N/AN/AN/AN/AN/AN/AN/AN/A
INGR
INGREDION INC
$7.43B$113.29$130.7515.41%Strong Buy4-2.48%N/AN/AN/A
LANC
LANCASTER COLONY CORP
$5.15B$187.03$202.008.00%Hold31.51%40.89%N/AN/A
DAR
DARLING INGREDIENTS INC
$7.13B$44.67$65.1745.89%Strong Buy6-0.29%48.82%N/AN/A
THS
TREEHOUSE FOODS INC
$1.94B$35.84$38.507.42%Hold21.75%132.83%N/AN/A
LW
LAMB WESTON HOLDINGS INC
$12.11B$83.85$107.4028.09%Strong Buy51.73%-23.78%N/AN/A
CENT
CENTRAL GARDEN & PET CO
$2.78B$41.29$56.0035.63%Strong Buy2-0.01%25.53%N/AN/A
K
KELLANOVA
$19.67B$57.73$58.892.01%Hold90.77%41.34%N/AN/A
HRL
HORMEL FOODS CORP
$19.34B$35.32$31.00-12.23%Sell41.27%41.90%N/AN/A
CAG
CONAGRA BRANDS INC
$14.86B$31.08$32.404.25%Hold50.74%20.79%N/AN/A
KHC
KRAFT HEINZ CO
$46.29B$38.16$39.754.17%Buy81.08%21.02%N/AN/A
PETZ
TDH HOLDINGS INC
$12.08M$1.17N/AN/AN/AN/AN/AN/AN/AN/A
NOMD
NOMAD FOODS LTD
$3.05B$18.69$22.0017.71%Strong Buy12.99%44.16%N/AN/A
BRBR
BELLRING BRANDS INC
$7.38B$56.34$59.705.96%Strong Buy1011.54%15.89%N/AN/A
CPB
CAMPBELL SOUP CO
$13.37B$44.85$46.002.56%Hold85.37%17.07%N/AN/A
MKC
MCCORMICK & CO INC
$20.33B$75.73$72.50-4.27%Hold61.74%26.47%N/AN/A
FAMI
FARMMI INC
$5.13M$0.84N/AN/AN/AN/AN/AN/AN/AN/A
LFVN
LIFEVANTAGE CORP
$79.59M$6.19N/AN/AN/AN/AN/AN/AN/AN/A
FRPT
FRESHPET INC
$5.14B$106.36$116.139.18%Buy823.18%N/AN/AN/A
USNA
USANA HEALTH SCIENCES INC
$836.39M$43.47$48.0010.42%Hold1-3.80%N/AN/AN/A
FLO
FLOWERS FOODS INC
$5.18B$24.62$23.50-4.55%Hold21.61%74.28%N/AN/A
BRID
BRIDGFORD FOODS CORP
$95.31M$10.50N/AN/AN/AN/AN/AN/AN/AN/A
SENEA
SENECA FOODS CORP
$412.03M$57.89N/AN/AN/AN/AN/AN/AN/AN/A
GIS
GENERAL MILLS INC
$39.99B$70.83$71.310.67%Hold130.64%2.66%N/AN/A
RGF
REAL GOOD FOOD COMPANY INC
$8.72M$0.26$0.5093.05%Hold132.63%N/A97.74%18.43%
BSFC
BLUE STAR FOODS CORP
$2.60M$0.06N/AN/AN/AN/A145.00%N/AN/AN/A
NATR
NATURES SUNSHINE PRODUCTS INC
$366.97M$19.50$24.0023.08%Strong Buy1N/AN/AN/AN/A
BRCC
BRC INC
$871.94M$4.11$6.3855.11%Buy213.19%N/AN/AN/A
LSF
LAIRD SUPERFOOD INC
$18.64M$1.98$1.30-34.34%Hold1N/AN/AN/AN/A
FREE
WHOLE EARTH BRANDS INC
$206.58M$4.82N/AN/AN/AN/A3.83%N/AN/AN/A
BYND
BEYOND MEAT INC
$413.93M$6.40$6.755.47%Strong Sell41.88%N/AN/AN/A
RKDA
ARCADIA BIOSCIENCES INC
$2.85M$2.09$10.00378.47%Buy1N/AN/AN/AN/A
POST
POST HOLDINGS INC
$6.39B$105.38$119.3313.24%Strong Buy35.36%-0.20%N/AN/A
KLG
WK KELLOGG CO
$2.05B$23.94$14.40-39.85%Hold5-1.02%N/AN/AN/A
BRFS
BRF SA
$5.79B$3.45$3.552.90%Buy24.11%N/AN/AN/A
BTTR
BETTER CHOICE CO INC
$5.67M$6.35N/AN/AN/AN/AN/AN/AN/AN/A
PPC
PILGRIMS PRIDE CORP
$8.47B$35.76$36.802.91%Buy5N/AN/AN/AN/A
NCRA
NOCERA INC
$15.42M$1.19N/AN/AN/AN/AN/AN/AN/AN/A
WEST
WESTROCK COFFEE CO
$882.98M$10.03$12.3322.96%Strong Buy37.50%N/AN/AN/A
SJM
J M SMUCKER CO
$12.06B$113.60$132.6016.73%Buy104.67%N/AN/AN/A
JVA
COFFEE HOLDING CO INC
$9.48M$1.66N/AN/AN/AN/AN/AN/AN/AN/A
STKL
SUNOPTA INC
$776.27M$6.69$9.3339.51%Strong Buy36.30%N/AN/AN/A
NUZE
NUZEE INC
$2.09M$1.63N/AN/AN/AN/AN/AN/AN/AN/A
PLAG
PLANET GREEN HOLDINGS CORP
$15.50M$0.22N/AN/AN/AN/AN/AN/AN/AN/A
BOF
BRANCHOUT FOOD INC
$8.70M$2.15N/AN/AN/AN/AN/AN/AN/AN/A
BGS
B&G FOODS INC
$869.58M$11.06$9.00-18.63%Strong Sell1-1.42%N/AN/AN/A
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
$7.34M$1.00N/AN/AN/AN/AN/AN/AN/AN/A
FARM
FARMER BROTHERS CO
$65.54M$3.11N/AN/AN/AN/A-9.12%N/AN/AN/A
HLF
HERBALIFE LTD
$874.50M$8.81$9.174.05%Hold30.70%N/AN/AN/A
SMFL
SMART FOR LIFE INC
$460.93k$4.05N/AN/AN/AN/A7.74%N/AN/AN/A
UTZ
UTZ BRANDS INC
$2.62B$18.61$19.695.79%Buy81.90%N/AN/AN/A
BRLS
BOREALIS FOODS INC
$85.52M$4.00N/AN/AN/AN/AN/AN/AN/AN/A
STKH
STEAKHOLDER FOODS LTD
$911.64k$4.30N/AN/AN/AN/AN/AN/AN/AN/A
TWG
TOP WEALTH GROUP HOLDING LTD
N/A$1.51N/AN/AN/AN/AN/AN/AN/AN/A
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
$38.06M$6.25N/AN/AN/AN/AN/AN/AN/AN/A
HAIN
HAIN CELESTIAL GROUP INC
$551.57M$6.14$9.2049.84%Hold52.14%N/AN/AN/A
SNAX
STRYVE FOODS INC
$4.31M$1.36N/AN/AN/AN/AN/AN/AN/AN/A
DDC
DDC ENTERPRISE LTD
N/A$1.00$5.50450.00%Strong Buy2N/AN/AN/AN/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.