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Sectors & IndustriesConsumer DefensivePackaged Foods
Best Food Stocks to Buy Now (2023)
Top food stocks in 2023 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
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
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
BON
BON NATURAL LIFE LTD
$4.90M$0.44N/AN/AN/AN/A38.58%42.46%N/AN/A
LANC
LANCASTER COLONY CORP
$4.52B$164.12$199.0021.25%Strong Buy32.71%50.95%N/AN/A
JJSF
J&J SNACK FOODS CORP
$3.17B$163.81$195.0019.04%Strong Buy12.97%35.25%N/AN/A
SMPL
SIMPLY GOOD FOODS CO
$3.90B$39.14$42.508.58%Strong Buy45.07%17.97%N/AN/A
MAMA
MAMA's CREATIONS INC
$149.77M$4.00$8.00100.00%Buy17.37%0.00%N/AN/A
LWAY
LIFEWAY FOODS INC
$211.55M$14.40$12.00-16.67%Buy12.70%N/AN/AN/A
CPB
CAMPBELL SOUP CO
$12.05B$40.44$47.3116.98%Hold132.77%7.45%N/AN/A
LW
LAMB WESTON HOLDINGS INC
$14.27B$98.44$124.8326.81%Strong Buy68.83%-10.51%N/AN/A
USNA
USANA HEALTH SCIENCES INC
$886.48M$46.34$53.0014.37%Hold1-1.01%34.02%N/AN/A
JBSS
SANFILIPPO JOHN B & SON INC
$1.08B$92.96N/AN/AN/AN/AN/AN/AN/AN/A
INGR
INGREDION INC
$6.70B$102.77$122.6019.30%Buy52.28%-21.24%N/AN/A
DAR
DARLING INGREDIENTS INC
$6.63B$41.55$82.0097.35%Strong Buy73.50%35.69%N/AN/A
FAMI
FARMMI INC
$3.80M$1.27N/AN/AN/AN/AN/AN/AN/AN/A
HRL
HORMEL FOODS CORP
$17.46B$31.95$34.257.20%Sell41.42%31.00%N/AN/A
BRBR
BELLRING BRANDS INC
$6.67B$50.91$50.82-0.18%Strong Buy1111.07%15.89%N/AN/A
GIS
GENERAL MILLS INC
$36.86B$63.42$72.6714.58%Hold151.69%4.76%N/AN/A
CENT
CENTRAL GARDEN & PET CO
$2.16B$40.12$50.0024.63%Strong Buy11.43%28.82%N/AN/A
THS
TREEHOUSE FOODS INC
$2.22B$40.06$45.2512.96%Hold40.96%112.08%N/AN/A
SENEA
SENECA FOODS CORP
$330.88M$46.29N/AN/AN/AN/AN/AN/AN/AN/A
K
KELLANOVA
$17.91B$52.28$61.0016.68%Hold10-4.37%24.40%N/AN/A
KHC
KRAFT HEINZ CO
$43.08B$35.12$38.7010.19%Buy100.16%8.22%N/AN/A
CAG
CONAGRA BRANDS INC
$13.49B$28.22$32.1113.79%Hold91.04%9.09%N/AN/A
PETZ
TDH HOLDINGS INC
$13.42M$1.30N/AN/AN/AN/AN/AN/AN/AN/A
NOMD
NOMAD FOODS LTD
$2.82B$16.18$20.5026.70%Strong Buy22.38%8.82%N/AN/A
FLO
FLOWERS FOODS INC
$4.43B$21.00$24.0014.29%Hold21.63%32.54%N/AN/A
LFVN
LIFEVANTAGE CORP
$80.10M$6.30N/AN/AN/AN/AN/AN/AN/AN/A
BRID
BRIDGFORD FOODS CORP
$96.99M$10.69N/AN/AN/AN/AN/AN/AN/AN/A
RKDA
ARCADIA BIOSCIENCES INC
$3.28M$2.95$10.00238.98%Buy136.45%N/AN/AN/A
FRPT
FRESHPET INC
$3.39B$70.35$90.4428.56%Buy915.48%N/A7.71%5.01%
UTZ
UTZ BRANDS INC
$1.86B$13.26$15.7818.99%Buy91.73%80.61%N/AN/A
NCRA
NOCERA INC
$15.06M$1.50N/AN/AN/AN/AN/AN/AN/AN/A
MKC
MCCORMICK & CO INC
$17.44B$65.01$82.8027.37%Hold52.34%16.08%N/AN/A
PPC
PILGRIMS PRIDE CORP
$6.02B$25.42$27.508.18%Strong Buy2N/AN/A24.77%7.68%
POST
POST HOLDINGS INC
$5.17B$85.62$104.0021.47%Strong Buy25.27%-4.21%N/AN/A
BRFS
BRF SA
$3.25B$3.01$1.69-44.02%Sell2425.91%N/A90.99%17.73%
HLF
HERBALIFE LTD
$1.26B$12.72$15.2519.89%Hold21.14%78.92%N/AN/A
BTTR
BETTER CHOICE CO INC
$9.37M$0.29N/AN/AN/AN/AN/AN/A-51.06%-24.80%
SJM
J M SMUCKER CO
$11.19B$109.59$142.6030.12%Hold100.32%N/AN/AN/A
RGF
REAL GOOD FOOD COMPANY INC
$62.32M$1.85$5.00170.27%Strong Buy224.29%N/A97.74%18.43%
BRCC
BRC INC
$873.61M$4.12$8.25100.24%Buy414.32%N/AN/AN/A
JVA
COFFEE HOLDING CO INC
$4.62M$0.81N/AN/AN/AN/AN/AN/AN/AN/A
FREE
WHOLE EARTH BRANDS INC
$145.69M$3.40$5.0047.06%Strong Buy12.86%N/AN/AN/A
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
$35.32M$5.80N/AN/AN/AN/AN/AN/AN/AN/A
FARM
FARMER BROTHERS CO
$56.02M$2.70N/AN/AN/AN/A-6.97%N/AN/AN/A
BTOG
BIT ORIGIN LTD
$17.11M$5.06N/AN/AN/AN/AN/AN/AN/AN/A
BSFC
BLUE STAR FOODS CORP
$2.31M$0.16N/AN/AN/AN/A110.96%N/AN/AN/A
NATR
NATURES SUNSHINE PRODUCTS INC
$335.34M$17.58$21.5022.30%Strong Buy1N/AN/AN/AN/A
CYAN
CYANOTECH CORP
$4.83M$0.75N/AN/AN/AN/AN/AN/AN/AN/A
BYND
BEYOND MEAT INC
$431.13M$6.68$6.00-10.18%Sell5-0.12%N/AN/AN/A
SOVO
SOVOS BRANDS INC
$2.22B$21.85$22.924.88%Hold64.83%N/AN/AN/A
LSF
LAIRD SUPERFOOD INC
$8.00M$0.86N/AN/AN/AN/A0.33%N/AN/AN/A
WEST
WESTROCK COFFEE CO
$820.53M$9.32$12.0028.76%Strong Buy2-0.95%N/A32.10%4.54%
NUZE
NUZEE INC
$1.75M$2.25$24.00966.67%Strong Buy1N/AN/AN/AN/A
BOF
BRANCHOUT FOOD INC
$6.39M$1.58N/AN/AN/AN/AN/AN/AN/AN/A
BGS
B&G FOODS INC
$728.06M$9.26$9.17-1.00%Sell3-1.74%N/AN/AN/A
HAIN
HAIN CELESTIAL GROUP INC
$966.17M$10.77$15.0039.28%Buy73.35%N/AN/AN/A
PLAG
PLANET GREEN HOLDINGS CORP
$24.87M$0.35N/AN/AN/AN/AN/AN/AN/AN/A
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
$17.51M$2.10N/AN/AN/AN/AN/AN/AN/AN/A
SNAX
STRYVE FOODS INC
$7.44M$3.10$8.00158.06%Buy1N/AN/AN/AN/A
SMFL
SMART FOR LIFE INC
$1.23M$1.54N/AN/AN/AN/A5.19%N/AN/AN/A
STKL
SUNOPTA INC
$555.13M$4.80$9.0087.50%Strong Buy4-23.78%N/AN/AN/A
YGF
YANGUFANG INTERNATIONAL GROUP CO LTD
$97.31M$2.96N/AN/AN/AN/AN/AN/AN/AN/A
STKH
STEAKHOLDER FOODS LTD
$12.30M$0.58N/AN/AN/AN/AN/AN/AN/AN/A
DDC
DDC ENTERPRISE LTD
N/A$6.28N/AN/AN/AN/AN/AN/AN/AN/A
KLG
WK KELLOGG CO
$995.89M$11.63$11.831.75%Hold6N/AN/AN/AN/A
1

Food Stocks FAQ

What are the best food stocks to buy right now in Nov 2023?

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 64, which is 34 points higher than the food industry average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -62.71% over the past year, underperforming other food stocks by -42 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 57, which is 27 points higher than the food industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. J&J Snack Foods has seen its stock return 0.52% over the past year, overperforming other food stocks by 21 percentage points.

J&J Snack Foods has an average 1 year price target of $195.00, an upside of 19.04% from J&J Snack Foods's current stock price of $163.81.

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. Lancaster Colony (NASDAQ:LANC)


Lancaster Colony (NASDAQ:LANC) is the third best food stock with a Zen Score of 57, which is 27 points higher than the food industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Lancaster Colony has seen its stock lose -19.74% over the past year, overperforming other food stocks by 1 percentage points.

Lancaster Colony has an average 1 year price target of $199.00, an upside of 21.25% from Lancaster Colony's current stock price of $164.12.

Lancaster Colony stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Lancaster Colony, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 17 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 8.41%, which is 5 percentage points higher than the food industry average of 3.82%.

Lifevantage's dividend payout ratio of 265% 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 8.21%, which is 4 percentage points higher than the food industry average of 3.82%. 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 -135.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. Sanfilippo John B & Son (NASDAQ:JBSS)


Sanfilippo John B & Son (NASDAQ:JBSS) has an annual dividend yield of 4.84%, which is 1 percentage points higher than the food industry average of 3.82%. Sanfilippo John B & Son's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sanfilippo John B & Son's dividend has shown consistent growth over the last 10 years.

Sanfilippo John B & Son's dividend payout ratio of 80.2% indicates that its dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.41% in the last day, and down -0.32% 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 43 points higher than the food industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -62.71% in the past year. It has underperformed other stocks in the food industry by -42 percentage points.

2. Darling Ingredients (NYSE:DAR)


Darling Ingredients (NYSE:DAR) is the second most undervalued food stock based on WallStreetZen's Valuation Score. Darling Ingredients has a valuation score of 71, which is 43 points higher than the food industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -40.9% in the past year. It has underperformed other stocks in the food industry by -20 percentage points.

3. Lifeway Foods (NASDAQ:LWAY)


Lifeway Foods (NASDAQ:LWAY) is the third most undervalued food stock based on WallStreetZen's Valuation Score. Lifeway Foods has a valuation score of 71, which is 43 points higher than the food industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Lifeway Foods's stock has gained 106.01% in the past year. It has overperformed other stocks in the food industry by 127 percentage points.

Are food stocks a good buy now?

38.1% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 23.57% 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 -28.88x.
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