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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
$3.24B$32.41$39.5021.88%Buy63.45%15.98%N/AN/A
LWAY
LIFEWAY FOODS INC
$280.89M$19.12$14.00-26.78%Buy112.41%N/AN/AN/A
BON
BON NATURAL LIFE LTD
$5.05M$4.30N/AN/AN/AN/A45.58%106.00%N/AN/A
JJSF
J&J SNACK FOODS CORP
$2.61B$134.50$195.0044.98%Strong Buy11.97%34.24%N/AN/A
MAMA
MAMA's CREATIONS INC
$180.69M$4.85$8.0064.95%Strong Buy214.81%N/AN/AN/A
JBSS
SANFILIPPO JOHN B & SON INC
$1.12B$96.65N/AN/AN/AN/AN/AN/AN/AN/A
INGR
INGREDION INC
$7.36B$112.33$130.7516.40%Strong Buy4-2.48%N/AN/AN/A
LW
LAMB WESTON HOLDINGS INC
$11.59B$80.29$107.4033.77%Strong Buy52.32%-23.78%N/AN/A
LANC
LANCASTER COLONY CORP
$5.05B$183.62$202.0010.01%Hold31.51%40.89%N/AN/A
DAR
DARLING INGREDIENTS INC
$6.57B$41.18$65.1758.25%Strong Buy6-0.20%48.82%N/AN/A
THS
TREEHOUSE FOODS INC
$1.98B$36.63$38.505.11%Hold21.75%132.83%N/AN/A
CENT
CENTRAL GARDEN & PET CO
$2.64B$39.27$56.0042.60%Strong Buy2-0.01%25.53%N/AN/A
CPB
CAMPBELL SOUP CO
$13.03B$43.71$46.005.24%Hold85.37%17.07%N/AN/A
K
KELLANOVA
$19.26B$56.54$58.894.15%Hold90.81%41.34%N/AN/A
HRL
HORMEL FOODS CORP
$18.83B$34.38$31.00-9.83%Sell41.27%41.90%N/AN/A
CAG
CONAGRA BRANDS INC
$14.51B$30.36$32.406.72%Hold50.75%20.79%N/AN/A
PETZ
TDH HOLDINGS INC
$11.67M$1.13N/AN/AN/AN/AN/AN/AN/AN/A
KHC
KRAFT HEINZ CO
$45.02B$37.11$39.757.11%Buy81.09%21.02%N/AN/A
BRBR
BELLRING BRANDS INC
$7.10B$54.23$58.006.95%Buy1011.58%15.89%N/AN/A
NOMD
NOMAD FOODS LTD
$2.99B$18.35$22.0019.89%Strong Buy12.99%44.16%N/AN/A
MKC
MCCORMICK & CO INC
$19.51B$72.70$72.50-0.28%Hold61.74%26.47%N/AN/A
FAMI
FARMMI INC
$4.94M$0.81N/AN/AN/AN/AN/AN/AN/AN/A
LFVN
LIFEVANTAGE CORP
$85.70M$6.66N/AN/AN/AN/AN/AN/AN/AN/A
FRPT
FRESHPET INC
$5.01B$103.84$116.1311.83%Buy823.18%N/AN/AN/A
USNA
USANA HEALTH SCIENCES INC
$836.39M$43.47$48.0010.42%Hold1-3.87%N/AN/AN/A
BRID
BRIDGFORD FOODS CORP
$96.40M$10.62N/AN/AN/AN/AN/AN/AN/AN/A
FLO
FLOWERS FOODS INC
$5.06B$24.04$23.50-2.25%Hold21.62%74.28%N/AN/A
GIS
GENERAL MILLS INC
$39.00B$69.09$71.313.21%Hold130.63%2.66%N/AN/A
SENEA
SENECA FOODS CORP
$404.13M$56.78N/AN/AN/AN/AN/AN/AN/AN/A
RGF
REAL GOOD FOOD COMPANY INC
$10.11M$0.30$0.5066.67%Hold132.63%N/A97.74%18.43%
NATR
NATURES SUNSHINE PRODUCTS INC
$351.92M$18.70$24.0028.34%Strong Buy1N/AN/AN/AN/A
BSFC
BLUE STAR FOODS CORP
$2.60M$0.06N/AN/AN/AN/A145.00%N/AN/AN/A
BRCC
BRC INC
$903.76M$4.26$6.3849.65%Buy213.19%N/AN/AN/A
LSF
LAIRD SUPERFOOD INC
$20.34M$2.16$1.30-39.81%Hold1N/AN/AN/AN/A
RKDA
ARCADIA BIOSCIENCES INC
$2.66M$1.95$10.00412.82%Buy1N/AN/AN/AN/A
FREE
WHOLE EARTH BRANDS INC
$207.01M$4.83N/AN/AN/AN/A3.83%N/AN/AN/A
BYND
BEYOND MEAT INC
$413.93M$6.40$7.009.38%Strong Sell41.88%N/AN/AN/A
PPC
PILGRIMS PRIDE CORP
$8.42B$35.55$36.803.52%Buy5N/AN/AN/AN/A
KLG
WK KELLOGG CO
$1.87B$21.76$13.00-40.26%Hold5-1.02%N/AN/AN/A
POST
POST HOLDINGS INC
$6.25B$102.92$119.3315.95%Strong Buy35.36%-0.20%N/AN/A
BTTR
BETTER CHOICE CO INC
$5.49M$6.14N/AN/AN/AN/AN/AN/AN/AN/A
BRFS
BRF SA
$3.53B$3.27$3.558.56%Buy24.16%N/AN/AN/A
NCRA
NOCERA INC
$16.58M$1.28N/AN/AN/AN/AN/AN/AN/AN/A
BOF
BRANCHOUT FOOD INC
$4.57M$1.13N/AN/AN/AN/AN/AN/AN/AN/A
SJM
J M SMUCKER CO
$11.80B$111.10$132.6019.35%Buy104.67%N/AN/AN/A
WEST
WESTROCK COFFEE CO
$884.74M$10.05$12.3322.72%Strong Buy37.50%N/AN/AN/A
STKL
SUNOPTA INC
$684.60M$5.90$9.3358.19%Strong Buy36.30%N/AN/AN/A
PLAG
PLANET GREEN HOLDINGS CORP
$14.42M$0.20N/AN/AN/AN/AN/AN/AN/AN/A
NUZE
NUZEE INC
$1.65M$1.29N/AN/AN/AN/AN/AN/AN/AN/A
JVA
COFFEE HOLDING CO INC
$10.33M$1.81N/AN/AN/AN/AN/AN/AN/AN/A
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
$8.36M$1.14N/AN/AN/AN/AN/AN/AN/AN/A
UTZ
UTZ BRANDS INC
$2.48B$17.60$18.857.10%Buy101.90%N/AN/AN/A
BGS
B&G FOODS INC
$831.84M$10.58$9.00-14.93%Strong Sell1-1.42%N/AN/AN/A
FARM
FARMER BROTHERS CO
$67.65M$3.21N/AN/AN/AN/A-9.12%N/AN/AN/A
SMFL
SMART FOR LIFE INC
$368.86k$0.46N/AN/AN/AN/A7.74%N/AN/AN/A
HLF
HERBALIFE LTD
$852.66M$8.59$9.176.72%Hold30.70%N/AN/AN/A
BRLS
BOREALIS FOODS INC
$105.21M$4.92N/AN/AN/AN/AN/AN/AN/AN/A
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
$39.94M$6.56N/AN/AN/AN/AN/AN/AN/AN/A
STKH
STEAKHOLDER FOODS LTD
$939.20k$4.43N/AN/AN/AN/AN/AN/AN/AN/A
HAIN
HAIN CELESTIAL GROUP INC
$529.11M$5.89$9.5061.29%Hold42.14%N/AN/AN/A
TWG
TOP WEALTH GROUP HOLDING LTD
N/A$1.85N/AN/AN/AN/AN/AN/AN/AN/A
SNAX
STRYVE FOODS INC
$4.58M$1.45N/AN/AN/AN/AN/AN/AN/AN/A
DDC
DDC ENTERPRISE LTD
N/A$1.25$5.50340.00%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 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 -8.76% 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 21.88% from Simply Good Foods Co's current stock price of $32.41.

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 215.51% over the past year, overperforming other food stocks by 228 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -26.78% from Lifeway Foods's current stock price of $19.12.

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 -66.28% over the past year, underperforming other food stocks by -54 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 8.11%, which is 5 percentage points higher than the food industry average of 3.45%.

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 7.18%, which is 4 percentage points higher than the food industry average of 3.45%. 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 3.45%. 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 0.35% in the last day, and down -2% 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 47 points higher than the food industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -66.28% in the past year. It has underperformed other stocks in the food industry by -54 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 47 points higher than the food industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Central Garden & Pet Co's stock has gained 22.63% in the past year. It has overperformed other stocks in the food industry by 35 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 33 points higher than the food industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -29.37% in the past year. It has underperformed other stocks in the food industry by -17 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 16.08% 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 8.48x.
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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.