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

Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Zen Score	Valuation Score	Financials Score	Forecast Score	Performance Score	Dividends Score
MAMA	MAMA's CREATIONS INC	59	57	86	22	70	–
LWAY	LIFEWAY FOODS INC	57	43	86	11	90	–
SMPL	SIMPLY GOOD FOODS CO	56	43	100	22	60	–
BON	BON NATURAL LIFE LTD	56	71	43	78	30	–
JJSF	J&J SNACK FOODS CORP	52	14	71	44	50	80
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Food Stocks FAQ

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

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

1. Mama's Creations (NASDAQ:MAMA)

Mama's Creations (NASDAQ:MAMA) is the top food stock with a Zen Score of 59, which is 31 points higher than the food industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Mama's Creations has seen its stock return 167.86% over the past year, overperforming other food stocks by 185 percentage points.

Mama's Creations has an average 1 year price target of $7.83, an upside of 30.55% from Mama's Creations's current stock price of $6.00.

Mama's Creations stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Mama's Creations, 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.

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 245.76% over the past year, overperforming other food stocks by 263 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -32.63% from Lifeway Foods's current stock price of $20.78.

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 -55.23% over the past year, underperforming other food stocks by -38 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 8.74%, which is 5 percentage points higher than the food industry average of 3.42%.

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 6.86%, which is 3 percentage points higher than the food industry average of 3.42%. 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 4.55%, which is 1 percentage points higher than the food industry average of 3.42%. 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 down?

Food stocks were down -0.11% in the last day, and down -0.89% over the last week. Bon Natural Life was the among the top losers in the packaged foods industry, dropping -11.74% yesterday.

Bon Natural Life shares are trading lower in sympathy with Estee Lauder, which issued weak guidance.

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 50 points higher than the food industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -55.23% in the past year. It has underperformed other stocks in the food industry by -38 percentage points.

2. Kraft Heinz Co (NASDAQ:KHC)

Kraft Heinz Co (NASDAQ:KHC) is the second most undervalued food stock based on WallStreetZen's Valuation Score. Kraft Heinz Co has a valuation score of 71, which is 50 points higher than the food industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Kraft Heinz Co's stock has dropped -8.75% in the past year. It has overperformed other stocks in the food industry by 9 percentage points.

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

Central Garden & Pet Co (NASDAQ:CENT) is the third most undervalued food stock based on WallStreetZen's Valuation Score. Central Garden & Pet Co has a valuation score of 71, which is 50 points higher than the food industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Central Garden & Pet Co's stock has gained 41.11% in the past year. It has overperformed other stocks in the food industry by 58 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 13.05% 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 8.42x.

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.