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	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
SMPL	SIMPLY GOOD FOODS CO	$33.17	925,596	47.97%	32.46	32.88	33.99	36.88	36.41	49.70	65.25	62.64	83.00	75.69	-0.47	-0.60	0.13	0.89
LWAY	LIFEWAY FOODS INC	$19.40	77,674	-54.48%	20.36	19.43	14.71	14.00	12.06	58.77	37.58	44.19	2.68	1.95	1.56	1.86	-0.30	0.68
BON	BON NATURAL LIFE LTD	$3.51	56,477	-29.00%	3.99	4.05	4.48	4.95	5.05	36.81	50.90	43.31	79.14	59.71	-0.17	-0.17	-0.00	-0.09
JJSF	J&J SNACK FOODS CORP	$137.09	142,579	61.20%	135.92	138.71	142.24	153.21	157.76	43.57	21.31	13.93	44.94	24.83	-2.45	-2.41	-0.04	0.78
MAMA	MAMA's CREATIONS INC	$5.11	376,994	148.32%	0.95	0.96	0.97	0.98	0.99	39.00	14.92	14.76	11.74	11.05	-0.02	-0.01	-0.01	0.52
JBSS	SANFILIPPO JOHN B & SON INC	$98.17	41,903	10.97%	98.74	101.66	101.93	101.97	101.84	40.04	10.61	7.62	19.60	8.11	-1.79	-1.14	-0.65	0.47
INGR	INGREDION INC	$113.62	360,054	50.75%	112.02	114.23	114.66	111.21	106.04	49.34	35.91	25.72	55.45	36.19	-0.97	-0.77	-0.20	0.75
LANC	LANCASTER COLONY CORP	$186.87	125,080	-9.44%	193.97	199.73	199.38	185.72	180.48	30.44	7.13	4.41	7.40	2.47	-3.58	-1.24	-2.35	0.64
DAR	DARLING INGREDIENTS INC	$42.61	2,561,412	-2.32%	44.25	44.62	43.72	44.85	50.09	43.94	9.86	5.14	8.86	2.95	-0.50	0.00	-0.51	1.18
THS	TREEHOUSE FOODS INC	$36.74	429,639	24.60%	36.67	37.45	37.68	39.59	42.35	45.00	22.65	12.24	45.86	20.76	-0.45	-0.36	-0.08	0.48
LW	LAMB WESTON HOLDINGS INC	$81.00	2,420,661	-5.29%	80.29	89.92	97.28	101.01	99.24	30.89	10.97	11.34	33.84	30.06	-5.89	-5.42	-0.47	0.87
CENT	CENTRAL GARDEN & PET CO	$39.98	63,117	-8.24%	39.96	40.93	41.91	39.76	37.19	42.48	16.49	10.18	23.20	7.73	-0.67	-0.50	-0.16	0.71
K	KELLANOVA	$57.38	2,758,698	84.14%	56.41	56.57	55.53	55.04	56.78	59.79	55.84	37.33	46.60	27.23	0.28	0.35	-0.06	0.34
HRL	HORMEL FOODS CORP	$34.74	2,279,346	10.44%	34.50	34.62	33.11	32.24	34.62	56.09	36.89	22.35	28.08	15.10	0.22	0.37	-0.15	0.35
KHC	KRAFT HEINZ CO	$37.78	9,110,123	36.33%	36.82	36.81	35.92	36.40	35.09	66.32	73.83	56.06	64.15	49.16	0.33	0.29	0.03	0.65
CAG	CONAGRA BRANDS INC	$30.62	4,850,667	43.94%	30.35	29.98	28.80	28.90	29.18	60.38	54.73	47.54	39.27	32.30	0.42	0.45	-0.03	0.37
PETZ	TDH HOLDINGS INC	$1.17	3,076	4.06%	1.19	1.19	1.19	1.17	1.20	48.33	43.13	48.79	20.46	28.02	-0.00	0.00	-0.01	0.81
CPB	CAMPBELL SOUP CO	$44.20	2,240,247	-3.26%	43.43	43.62	42.95	43.15	42.74	56.12	56.30	41.85	51.92	37.22	0.08	0.09	-0.00	0.29
NOMD	NOMAD FOODS LTD	$18.56	304,831	24.91%	18.54	18.93	18.86	17.99	17.18	43.54	19.90	13.78	30.39	11.94	-0.21	-0.12	-0.09	0.51
BRBR	BELLRING BRANDS INC	$53.98	991,762	6.19%	55.45	57.18	57.99	56.27	48.49	33.33	9.41	11.68	4.23	8.74	-1.21	-0.78	-0.43	0.75
MKC	MCCORMICK & CO INC	$73.92	1,712,114	28.79%	73.38	74.35	70.38	68.75	72.36	55.67	22.74	14.81	17.84	9.62	0.60	1.08	-0.49	0.57
LFVN	LIFEVANTAGE CORP	$6.70	88,388	278.55%	6.27	6.28	6.60	6.33	6.20	57.32	91.22	77.60	100.00	89.87	-0.03	-0.10	0.07	0.81
FAMI	FARMMI INC	$0.82	46,014	239.99%	0.84	0.84	0.98	1.06	1.69	38.01	23.33	25.61	10.44	16.31	-0.04	-0.04	0.00	0.70
FRPT	FRESHPET INC	$104.69	692,806	123.34%	108.97	111.79	106.18	94.58	81.29	38.34	4.92	4.73	2.62	0.87	-0.70	0.97	-1.66	1.31
USNA	USANA HEALTH SCIENCES INC	$44.13	80,387	1.34%	44.60	45.90	47.74	48.74	53.32	38.43	16.84	11.32	23.98	10.38	-1.28	-1.05	-0.23	0.77
BRID	BRIDGFORD FOODS CORP	$10.62	191	-83.01%	10.85	11.07	10.83	10.85	11.04	39.68	2.19	2.56	2.20	2.44	-0.06	0.02	-0.08	0.75
FLO	FLOWERS FOODS INC	$24.58	1,594,001	15.70%	23.26	23.32	22.95	22.66	22.79	71.35	85.29	65.42	86.58	66.94	0.20	0.09	0.11	0.44
GIS	GENERAL MILLS INC	$70.42	3,975,348	9.86%	68.54	69.07	66.70	65.69	66.86	60.68	71.33	54.27	50.66	39.35	0.48	0.59	-0.11	0.32
SENEA	SENECA FOODS CORP	$57.81	28,412	36.39%	56.33	55.95	52.39	52.32	50.34	62.47	77.71	72.80	42.54	35.43	1.08	1.12	-0.03	0.81
BSFC	BLUE STAR FOODS CORP	$0.08	92,066,903	3,186.21%	0.08	0.08	0.10	0.12	0.32	41.85	9.57	7.60	20.98	6.99	-0.01	-0.01	-0.00	0.15
RGF	REAL GOOD FOOD COMPANY INC	$0.31	342,962	-57.72%	0.34	0.35	0.71	1.09	2.25	19.87	13.46	17.03	20.86	40.15	-0.10	-0.12	0.02	0.36
NATR	NATURES SUNSHINE PRODUCTS INC	$19.29	47,213	-11.80%	19.12	19.65	18.81	18.10	17.07	50.94	18.91	14.98	20.80	14.59	-0.03	0.13	-0.16	0.98
BRCC	BRC INC	$4.37	539,565	54.49%	4.43	4.39	4.32	4.16	4.02	49.12	15.16	16.38	10.78	8.82	-0.01	0.02	-0.04	0.80
LSF	LAIRD SUPERFOOD INC	$2.25	47,321	-75.23%	2.37	2.49	1.73	1.34	1.16	50.82	19.81	16.73	9.59	7.32	0.10	0.19	-0.09	0.88
PPC	PILGRIMS PRIDE CORP	$35.77	540,891	5.72%	35.45	35.00	32.68	29.91	27.26	66.71	69.32	67.34	13.98	13.16	0.80	0.91	-0.11	0.80
FREE	WHOLE EARTH BRANDS INC	$4.83	221,707	-27.60%	4.83	4.82	4.72	4.13	3.89	65.41	66.67	61.11	13.06	8.22	0.04	0.05	-0.01	0.43
RKDA	ARCADIA BIOSCIENCES INC	$2.06	13,419	-22.54%	1.99	2.08	2.42	2.60	3.18	43.77	42.52	29.99	90.56	69.05	-0.13	-0.14	0.01	0.81
BYND	BEYOND MEAT INC	$6.41	1,315,699	-20.68%	6.77	7.31	7.70	7.89	9.32	31.72	9.67	7.96	0.85	2.08	-0.42	-0.31	-0.11	1.33
KLG	WK KELLOGG CO	$21.22	1,056,275	17.42%	1.61	1.76	1.88	1.96	N/A	26.65	4.76	8.47	0.00	0.00	-0.14	-0.10	-0.04	0.37
POST	POST HOLDINGS INC	$104.00	690,221	99.32%	101.72	103.27	104.00	97.49	91.59	55.28	47.55	34.85	70.31	50.98	-0.41	-0.42	0.01	0.66
BRFS	BRF SA	$3.28	2,517,508	-18.97%	3.34	3.27	3.16	2.97	2.53	50.97	45.05	55.80	16.08	29.43	0.04	0.05	-0.01	1.06
BTTR	BETTER CHOICE CO INC	$6.25	29,272	-67.96%	1.21	1.22	1.25	1.40	1.78	43.72	9.59	7.03	13.49	5.76	-0.04	-0.02	-0.02	0.78
BOF	BRANCHOUT FOOD INC	$1.15	3,729	-33.82%	11.56	11.99	12.08	12.72	12.55	39.01	19.19	15.70	18.87	11.59	-0.26	-0.17	-0.09	0.78
NCRA	NOCERA INC	$1.21	3,321	39.71%	1.17	1.22	1.28	1.26	1.39	49.02	69.10	60.79	82.05	77.23	-0.02	-0.03	0.01	0.28
WEST	WESTROCK COFFEE CO	$10.23	108,371	1.81%	11.76	11.61	11.62	11.55	11.37	74.72	100.00	100.00	100.00	100.00	0.07	0.04	0.03	0.27
SJM	J M SMUCKER CO	$114.76	1,382,862	17.23%	112.43	117.53	121.25	123.31	127.00	43.64	15.95	8.29	37.47	18.27	-3.26	-2.88	-0.38	0.32
STKL	SUNOPTA INC	$5.96	521,390	-30.05%	6.16	6.41	6.43	5.93	5.25	36.80	11.53	13.32	7.95	6.23	-0.17	-0.09	-0.08	0.98
NUZE	NUZEE INC	$1.26	11,599	49.49%	1.32	1.33	1.51	1.91	4.21	43.84	27.48	47.69	46.19	66.24	-0.05	-0.06	0.02	0.40
PLAG	PLANET GREEN HOLDINGS CORP	$0.18	214,862	514.31%	0.22	0.24	0.28	0.35	0.48	23.20	19.58	20.00	0.00	4.80	-0.02	-0.02	-0.00	0.54
JVA	COFFEE HOLDING CO INC	$1.71	72,547	-46.79%	1.59	1.55	1.39	1.17	1.13	60.55	78.62	75.26	57.55	58.27	0.09	0.08	0.02	0.38
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	$1.06	2,639	32.08%	1.29	1.52	1.87	2.17	2.50	26.93	14.24	14.24	14.02	10.41	-0.23	-0.18	-0.04	0.35
UTZ	UTZ BRANDS INC	$17.42	617,275	54.35%	17.38	17.71	18.07	16.95	15.59	45.69	39.61	31.08	51.03	34.93	-0.19	-0.18	-0.02	0.37
BGS	B&G FOODS INC	$10.73	580,881	1.17%	10.78	11.00	10.71	10.48	10.69	46.53	15.17	11.68	12.04	4.17	-0.06	0.01	-0.07	0.48
FARM	FARMER BROTHERS CO	$3.22	12,848	-58.84%	3.28	3.40	3.48	3.36	2.97	41.42	17.00	13.40	15.14	9.96	-0.08	-0.05	-0.02	0.99
SMFL	SMART FOR LIFE INC	$0.48	2,981,060	-49.98%	0.52	0.58	0.77	1.07	2.32	39.31	10.95	8.37	53.09	39.29	-0.10	-0.11	0.00	1.31
HLF	HERBALIFE LTD	$8.84	1,453,747	24.28%	8.41	8.62	9.02	11.22	12.88	51.57	55.59	42.73	79.00	59.03	-0.22	-0.29	0.08	0.91
BRLS	BOREALIS FOODS INC	$4.00	11,153	2,272.98%	4.58	5.06	6.98	9.02	10.00	29.69	22.98	24.14	65.09	59.97	-0.78	-0.84	0.06	-0.01
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	$6.68	415	-77.82%	6.64	6.48	6.19	6.26	6.38	61.72	52.34	52.45	12.19	11.83	0.15	0.16	-0.01	0.41
HAIN	HAIN CELESTIAL GROUP INC	$6.00	1,794,388	-21.42%	6.18	6.83	8.33	9.54	10.40	27.78	10.05	8.15	74.08	58.12	-0.75	-0.74	-0.01	0.64
TWG	TOP WEALTH GROUP HOLDING LTD	$3.73	36,077,397	1,945.09%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-138.16
STKH	STEAKHOLDER FOODS LTD	$4.43	2,827	-79.81%	4.64	5.11	5.82	5.79	7.39	31.82	13.84	10.32	40.49	27.09	-0.41	-0.36	-0.05	1.01
SNAX	STRYVE FOODS INC	$1.40	22,191	-72.38%	1.32	1.29	1.32	1.77	2.86	55.26	69.09	57.96	69.26	56.64	0.01	-0.01	0.02	0.41
DDC	DDC ENTERPRISE LTD	$1.26	6,168	-75.77%	0.64	0.63	0.91	0.95	N/A	58.01	83.79	75.69	100.00	96.29	-0.04	-0.09	0.04	0.33

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 31 points higher than the food industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock lose -6.96% over the past year, overperforming other food stocks by 4 percentage points.

Simply Good Foods Co has an average 1 year price target of $39.50, an upside of 19.08% from Simply Good Foods Co's current stock price of $33.17.

Simply Good Foods Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Simply Good Foods Co, 50% have issued a Strong Buy rating, 16.67% have issued a Buy, 33.33% 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 28 points higher than the food industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 222.8% over the past year, overperforming other food stocks by 234 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -27.84% from Lifeway Foods's current stock price of $19.40.

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 27 points higher than the food industry average of 29. It passed 18 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -70.25% over the past year, underperforming other food stocks by -59 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 8.06%, which is 5 percentage points higher than the food industry average of 3.4%.

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 7.08%, which is 4 percentage points higher than the food industry average of 3.4%. 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 4.51%, which is 1 percentage points higher than the food industry average of 3.4%. 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 69.3% indicates that its dividend yield is sustainable for the long-term.

Why are food stocks up?

Food stocks were up 1.47% in the last day, and up 1.28% over the last week.

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

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 -70.25% in the past year. It has underperformed other stocks in the food industry by -59 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 34.89% in the past year. It has overperformed other stocks in the food industry by 46 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 -26.51% in the past year. It has underperformed other stocks in the food industry by -15 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 14.37% 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 8.2x.

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.