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	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
LWAY	LIFEWAY FOODS INC	$271.06M	$18.43	$14.00	-24.04%	Buy	1	7.88%	N/A	N/A	N/A
SMPL	SIMPLY GOOD FOODS CO	$3.75B	$37.53	$38.86	3.54%	Buy	7	3.66%	15.98%	N/A	N/A
BON	BON NATURAL LIFE LTD	$2.97M	$2.53	N/A	N/A	N/A	N/A	45.58%	106.00%	N/A	N/A
FTLF	FITLIFE BRANDS INC	$127.60M	$27.75	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KHC	KRAFT HEINZ CO	$43.71B	$36.00	$41.40	15.00%	Strong Buy	5	1.15%	22.13%	N/A	N/A
MAMA	MAMA's CREATIONS INC	$252.27M	$6.77	$7.83	15.70%	Strong Buy	3	13.73%	N/A	N/A	N/A
INGR	INGREDION INC	$7.85B	$119.63	$126.75	5.95%	Buy	4	-0.16%	N/A	N/A	N/A
K	KELLANOVA	$21.05B	$61.56	$61.22	-0.55%	Hold	9	2.90%	43.99%	N/A	N/A
NATR	NATURES SUNSHINE PRODUCTS INC	$292.18M	$15.60	$24.00	53.85%	Strong Buy	1	N/A	N/A	N/A	N/A
CAG	CONAGRA BRANDS INC	$14.69B	$30.73	$32.40	5.43%	Hold	5	0.74%	20.79%	N/A	N/A
JJSF	J&J SNACK FOODS CORP	$3.18B	$164.15	$205.00	24.89%	Strong Buy	1	1.80%	26.30%	N/A	N/A
LW	LAMB WESTON HOLDINGS INC	$12.53B	$86.77	$107.40	23.78%	Strong Buy	5	1.73%	-23.78%	N/A	N/A
DAR	DARLING INGREDIENTS INC	$6.94B	$43.43	$63.20	45.52%	Buy	5	0.13%	62.72%	N/A	N/A
JBSS	SANFILIPPO JOHN B & SON INC	$1.19B	$102.25	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
THS	TREEHOUSE FOODS INC	$1.86B	$35.35	$36.00	1.84%	Hold	4	1.80%	250.16%	N/A	N/A
CENT	CENTRAL GARDEN & PET CO	$3.10B	$46.03	$56.00	21.66%	Strong Buy	2	0.22%	15.90%	N/A	N/A
CPB	CAMPBELL SOUP CO	$13.85B	$46.46	$46.00	-0.99%	Hold	9	5.37%	17.07%	N/A	N/A
LANC	LANCASTER COLONY CORP	$5.27B	$191.51	$202.00	5.48%	Hold	3	1.50%	37.79%	N/A	N/A
USNA	USANA HEALTH SCIENCES INC	$933.29M	$48.99	$46.00	-6.10%	Hold	1	-1.51%	N/A	N/A	N/A
NOMD	NOMAD FOODS LTD	$2.96B	$18.15	$25.00	37.74%	Strong Buy	2	2.97%	26.62%	N/A	N/A
HRL	HORMEL FOODS CORP	$19.89B	$36.31	$31.00	-14.62%	Sell	4	1.27%	41.90%	N/A	N/A
FRPT	FRESHPET INC	$6.13B	$126.65	$125.64	-0.80%	Strong Buy	11	20.49%	130.84%	N/A	N/A
MKC	MCCORMICK & CO INC	$19.87B	$74.01	$72.50	-2.04%	Hold	6	1.74%	26.47%	N/A	N/A
BRBR	BELLRING BRANDS INC	$7.49B	$57.41	$63.60	10.78%	Strong Buy	10	9.86%	1.36%	N/A	N/A
BRID	BRIDGFORD FOODS CORP	$93.95M	$10.35	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SENEA	SENECA FOODS CORP	$443.35M	$62.29	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GIS	GENERAL MILLS INC	$40.22B	$71.24	$71.21	-0.04%	Hold	14	0.64%	2.66%	N/A	N/A
FAMI	FARMMI INC	$5.48M	$0.90	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FLO	FLOWERS FOODS INC	$5.16B	$24.45	$24.00	-1.84%	Hold	2	1.33%	71.57%	N/A	N/A
LSF	LAIRD SUPERFOOD INC	$24.80M	$2.58	$4.00	55.04%	Strong Buy	2	10.49%	N/A	N/A	N/A
PPC	PILGRIMS PRIDE CORP	$8.85B	$37.36	$36.80	-1.50%	Buy	5	N/A	N/A	N/A	N/A
SOWG	SOW GOOD INC	$172.02M	$16.96	$20.50	20.87%	Strong Buy	2	138.28%	N/A	N/A	N/A
LFVN	LIFEVANTAGE CORP	$86.11M	$6.78	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BSFC	BLUE STAR FOODS CORP	$4.00M	$0.08	N/A	N/A	N/A	N/A	140.36%	N/A	N/A	N/A
PETZ	TDH HOLDINGS INC	$12.18M	$1.18	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FREE	WHOLE EARTH BRANDS INC	$208.21M	$4.82	N/A	N/A	N/A	N/A	4.38%	N/A	N/A	N/A
POST	POST HOLDINGS INC	$6.44B	$106.22	$122.50	15.33%	Strong Buy	4	2.29%	-11.90%	N/A	N/A
BRCC	BRC INC	$1.23B	$5.79	$6.58	13.70%	Buy	3	11.95%	N/A	N/A	N/A
RGF	REAL GOOD FOOD COMPANY INC	$20.55M	$0.61	$0.50	-18.03%	Hold	1	8.59%	N/A	97.74%	18.43%
RKDA	ARCADIA BIOSCIENCES INC	$4.16M	$3.05	$10.00	227.87%	Buy	1	N/A	N/A	N/A	N/A
NCRA	NOCERA INC	$13.83M	$1.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BRFS	BRF SA	$6.35B	$3.78	$3.80	0.53%	Buy	2	4.72%	N/A	N/A	N/A
FARM	FARMER BROTHERS CO	$62.30M	$2.93	N/A	N/A	N/A	N/A	-1.26%	N/A	N/A	N/A
BYND	BEYOND MEAT INC	$466.52M	$7.19	$6.30	-12.38%	Sell	5	3.23%	N/A	N/A	N/A
SJM	J M SMUCKER CO	$12.23B	$115.21	$134.11	16.41%	Buy	9	4.32%	N/A	N/A	N/A
JVA	COFFEE HOLDING CO INC	$8.28M	$1.45	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KLG	WK KELLOGG CO	$1.80B	$20.95	$20.17	-3.74%	Sell	6	-0.84%	N/A	N/A	N/A
BOF	BRANCHOUT FOOD INC	$7.57M	$1.78	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ATPC	AGAPE ATP CORP	$19.63M	$0.26	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BGS	B&G FOODS INC	$743.08M	$9.40	$9.00	-4.26%	Hold	1	-1.33%	N/A	N/A	N/A
UTZ	UTZ BRANDS INC	$2.54B	$18.06	$21.56	19.36%	Strong Buy	9	1.98%	N/A	N/A	N/A
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	$6.46M	$0.88	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
STKL	SUNOPTA INC	$645.99M	$5.54	$9.33	68.47%	Strong Buy	3	-5.49%	N/A	N/A	N/A
HAIN	HAIN CELESTIAL GROUP INC	$663.05M	$7.38	$9.14	23.89%	Hold	7	0.75%	N/A	N/A	N/A
WEST	WESTROCK COFFEE CO	$948.14M	$10.59	$12.67	19.61%	Strong Buy	3	10.89%	N/A	N/A	N/A
PLAG	PLANET GREEN HOLDINGS CORP	$17.30M	$0.24	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BTTR	BETTER CHOICE CO INC	$3.20M	$3.58	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SMFL	SMART FOR LIFE INC	$348.26k	$3.06	N/A	N/A	N/A	N/A	7.74%	N/A	N/A	N/A
STKH	STEAKHOLDER FOODS LTD	$10.78M	$4.28	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HLF	HERBALIFE LTD	$1.09B	$10.89	$9.17	-15.82%	Hold	3	0.62%	N/A	N/A	N/A
NUZE	NUZEE INC	$2.92M	$2.25	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BRLS	BOREALIS FOODS INC	$85.52M	$4.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	$40.62M	$6.55	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
DDC	DDC ENTERPRISE LTD	N/A	$0.74	$5.50	643.24%	Strong Buy	2	N/A	N/A	N/A	N/A
SNAX	STRYVE FOODS INC	$5.19M	$1.58	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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. Lifeway Foods (NASDAQ:LWAY)

Lifeway Foods (NASDAQ:LWAY) is the top food stock with a Zen Score of 65, which is 35 points higher than the food industry average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 207.17% over the past year, overperforming other food stocks by 220 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -24.04% from Lifeway Foods's current stock price of $18.43.

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.

2. Bon Natural Life (NASDAQ:BON)

Bon Natural Life (NASDAQ:BON) is the second best food stock with a Zen Score of 56, which is 26 points higher than the food industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -61.08% over the past year, underperforming other food stocks by -48 percentage points.

3. Simply Good Foods Co (NASDAQ:SMPL)

Simply Good Foods Co (NASDAQ:SMPL) is the third best food stock with a Zen Score of 56, which is 26 points higher than the food industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock lose -2.29% over the past year, overperforming other food stocks by 11 percentage points.

Simply Good Foods Co has an average 1 year price target of $38.86, an upside of 3.54% from Simply Good Foods Co's current stock price of $37.53.

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.

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. B&G Foods (NYSE:BGS)

B&G Foods (NYSE:BGS) has an annual dividend yield of 8.09%, which is 5 percentage points higher than the food industry average of 3.44%. 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 -53.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Lifevantage (NASDAQ:LFVN)

Lifevantage (NASDAQ:LFVN) has an annual dividend yield of 7.96%, which is 5 percentage points higher than the food industry average of 3.44%.

Lifevantage's dividend payout ratio of 192.9% 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 4.56%, which is 1 percentage points higher than the food industry average of 3.44%. 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 high dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.72% in the last day, and down -0.31% over the last week. Better Choice Co was the among the top losers in the packaged foods industry, dropping -24.79% yesterday.

Better Choice Company shares are trading lower after the company reported Q1 financial results.

What are the most undervalued food stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued food stocks right now are:

1. Natures Sunshine Products (NASDAQ:NATR)

Natures Sunshine Products (NASDAQ:NATR) is the most undervalued food stock based on WallStreetZen's Valuation Score. Natures Sunshine Products has a valuation score of 100, which is 75 points higher than the food industry average of 25. It passed 7 out of 7 valuation due diligence checks.

Natures Sunshine Products's stock has gained 38.54% in the past year. It has overperformed other stocks in the food industry by 52 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 86, which is 61 points higher than the food industry average of 25. It passed 6 out of 7 valuation due diligence checks.

Kraft Heinz Co's stock has dropped -7.48% in the past year. It has overperformed other stocks in the food industry by 6 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 71, which is 46 points higher than the food industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -31.22% in the past year. It has underperformed other stocks in the food industry by -18 percentage points.

Are food stocks a good buy now?

39.02% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 10.29% 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 24.21x.

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.