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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
LWAY
LIFEWAY FOODS INC
$283.98M$160.12M$20.20M$11.37M$0.7713.11%9.15%1,183.33%N/A2024-05-13
BON
BON NATURAL LIFE LTD
$4.75M$29.52M$7.02M$4.60M$0.50-1.29%N/A-33.33%N/A
JJSF
J&J SNACK FOODS CORP
$2.78B$1.56B$177.48M$79.56M$4.1410.07%6.33%84.82%-1.78%2024-04-29
SMPL
SIMPLY GOOD FOODS CO
$3.38B$1.25B$234.00M$133.28M$1.345.23%22.56%8.06%17.83%2024-04-04
MAMA
MAMA's CREATIONS INC
$184.05M$99.38M$11.22M$6.93M$0.1917.99%27.53%N/A56.87%2024-04-24
JBSS
SANFILIPPO JOHN B & SON INC
$1.22B$998.08M$115.03M$67.16M$5.80-0.52%2.74%8.41%15.51%2024-04-30
LANC
LANCASTER COLONY CORP
$5.70B$1.87B$223.00M$129.16M$4.696.15%8.00%26.42%-2.60%2024-05-02
DAR
DARLING INGREDIENTS INC
$7.39B$6.79B$1.47B$647.73M$4.053.92%14.91%-11.57%45.55%2024-05-07
THS
TREEHOUSE FOODS INC
$2.12B$3.43B$294.20M$53.10M$0.954.08%-5.64%N/AN/A2024-05-06
LW
LAMB WESTON HOLDINGS INC
$15.35B$6.35B$1.75B$1.12B$7.7540.70%11.96%136.28%19.20%2024-04-04
INGR
INGREDION INC
$7.74B$8.16B$1.16B$643.00M$9.742.69%5.35%31.09%9.28%2024-05-01
CENT
CENTRAL GARDEN & PET CO
$2.88B$3.32B$370.13M$134.51M$2.060.37%8.21%1.58%6.23%2024-05-01
K
KELLANOVA
$19.30B$13.12B$1.93B$951.00M$2.783.71%-0.64%-1.07%-6.30%2024-05-02
HRL
HORMEL FOODS CORP
$19.09B$12.14B$1.38B$794.72M$1.46-2.01%4.85%-18.89%-3.99%
KHC
KRAFT HEINZ CO
$44.31B$26.64B$5.52B$2.86B$2.330.59%0.28%20.73%N/A2024-05-01
CPB
CAMPBELL SOUP CO
$13.14B$9.27B$1.61B$766.00M$2.581.02%5.41%-4.80%N/A
BRBR
BELLRING BRANDS INC
$7.70B$1.73B$330.70M$165.20M$1.2421.49%N/A36.26%N/A2024-05-02
NOMD
NOMAD FOODS LTD
$3.21B$3.31B$473.26M$209.46M$1.238.17%6.26%-17.42%2.41%2024-05-10
MKC
MCCORMICK & CO INC
$20.41B$6.70B$1.24B$643.80M$2.644.78%4.72%6.45%1.06%
PETZ
TDH HOLDINGS INC
$12.08M$3.20M$751.29k$1.76M$0.2533.42%-34.45%N/AN/A
CAG
CONAGRA BRANDS INC
$14.10B$12.17B$2.08B$985.10M$2.071.09%8.28%45.77%2.16%2024-04-04
FLO
FLOWERS FOODS INC
$4.99B$5.09B$345.43M$123.42M$0.585.93%5.20%-46.30%-4.76%2024-05-16
LFVN
LIFEVANTAGE CORP
$79.91M$210.95M$8.98M$2.96M$0.232.21%-0.69%N/A-12.94%2024-05-02
FAMI
FARMMI INC
$5.11M$110.36M$3.80M$2.54M$0.7011.24%29.92%-9.09%-58.66%
FRPT
FRESHPET INC
$5.59B$766.90M$39.21M-$33.61M-$0.7028.82%31.74%N/AN/A2024-05-06
USNA
USANA HEALTH SCIENCES INC
$928.74M$921.01M$123.11M$63.79M$3.31-7.77%-4.98%-8.06%-8.78%2024-04-23
BRID
BRIDGFORD FOODS CORP
$102.16M$244.86M$12.19M$3.78M$0.43-7.05%6.57%-91.45%-17.42%2024-05-20
GIS
GENERAL MILLS INC
$39.33B$20.17B$4.16B$2.55B$4.401.09%3.98%-5.98%11.44%
SENEA
SENECA FOODS CORP
$389.83M$1.48B$122.65M$32.51M$4.66-1.92%4.73%-18.25%174.32%
NCRA
NOCERA INC
$12.75M$24.07M-$4.15M-$4.32M-$0.50327.48%N/AN/AN/A
RGF
REAL GOOD FOOD COMPANY INC
$12.63M$156.38M$5.29M-$15.18M-$2.0718.88%N/AN/AN/A2024-05-10
NATR
NATURES SUNSHINE PRODUCTS INC
$380.71M$445.32M$35.16M$15.08M$0.795.55%4.07%N/AN/A2024-05-07
BRCC
BRC INC
$901.64M$395.62M-$2.97M-$16.75M-$0.2731.30%N/AN/AN/A2024-05-09
LSF
LAIRD SUPERFOOD INC
$24.48M$34.22M-$9.84M-$10.16M-$1.09-4.48%32.78%N/AN/A2024-05-08
RKDA
ARCADIA BIOSCIENCES INC
$2.55M$5.50M-$14.68M-$15.37M-$18.59-49.21%17.55%N/AN/A2024-03-28
BTTR
BETTER CHOICE CO INC
$4.70M$42.16M-$29.59M-$32.43M-$47.96-25.23%N/AN/AN/A2024-05-10
FREE
WHOLE EARTH BRANDS INC
$206.58M$550.91M$37.54M-$38.10M-$0.902.35%N/AN/AN/A2024-05-08
PPC
PILGRIMS PRIDE CORP
$8.19B$17.36B$986.65M$321.57M$1.36-0.61%9.68%-56.27%6.34%2024-04-24
BYND
BEYOND MEAT INC
$536.17M$343.38M-$277.95M-$338.14M-$5.26-18.04%31.32%N/AN/A2024-05-08
KLG
WK KELLOGG CO
$1.62B$2.76B$221.00M$110.00M$1.282.52%N/AN/AN/A
POST
POST HOLDINGS INC
$6.49B$7.39B$1.12B$297.50M$5.0121.56%3.46%-65.11%2.96%2024-05-02
BRFS
BRF SA
$3.42B$10.80B$568.40M-$625.59M-$0.5917.19%3.53%N/AN/A2024-05-15
SJM
J M SMUCKER CO
$13.35B$8.21B$605.00M-$101.80M-$0.80-1.45%1.24%N/AN/A
WEST
WESTROCK COFFEE CO
$901.47M$864.71M$14.80M-$34.74M-$0.43-0.36%N/AN/AN/A
JVA
COFFEE HOLDING CO INC
$8.79M$69.39M$1.57M$47.55k$0.013.06%-5.53%N/A-43.26%
NUZE
NUZEE INC
$1.68M$3.35M-$8.30M-$8.75M-$11.957.71%19.24%N/AN/A2024-05-15
STKL
SUNOPTA INC
$789.03M$630.30M-$113.80M-$177.00M-$1.556.58%-4.27%N/AN/A2024-05-08
BSFC
BLUE STAR FOODS CORP
$1.29M$7.17M-$8.33M-$10.81M-$7.34-41.91%N/AN/AN/A2024-05-21
BGS
B&G FOODS INC
$900.24M$2.06B$172.58M-$66.20M-$0.89-4.65%3.93%N/AN/A2024-05-02
UTZ
UTZ BRANDS INC
$2.58B$1.44B$115.90M-$24.94M-$0.312.12%N/AN/AN/A2024-05-09
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
$12.62M$51.46M-$41.68M-$44.17M-$1.30-13.50%N/AN/AN/A
FARM
FARMER BROTHERS CO
$73.76M$381.07M-$29.19M-$56.80M-$2.832.23%-9.12%N/AN/A2024-05-08
PLAG
PLANET GREEN HOLDINGS CORP
$20.83M$24.26M-$31.77M-$35.70M-$0.55-59.54%47.73%N/AN/A2024-05-13
HLF
HERBALIFE LTD
$940.01M$5.06B$482.20M$142.20M$1.44-2.73%0.69%-55.83%-7.44%2024-04-30
SMFL
SMART FOR LIFE INC
$521.02k$11.11M-$12.49M-$20.92M-$159.40-39.39%N/AN/AN/A
BOF
BRANCHOUT FOOD INC
$8.25MN/AN/AN/AN/AN/AN/AN/AN/A
BRLS
BOREALIS FOODS INC
$123.47M$33.39M-$21.16M-$32.98MN/A63.19%N/AN/AN/A
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
$37.02M$127.76M$1.09M-$4.11M-$0.70-29.15%-2.31%N/AN/A2024-05-13
SNAX
STRYVE FOODS INC
$3.29M$20.23M-$13.01M-$18.24M-$8.54-35.51%N/AN/AN/A2024-05-13
HAIN
HAIN CELESTIAL GROUP INC
$712.37M$1.78B-$84.30M-$158.34M-$1.77-3.85%-3.34%N/AN/A2024-05-07
DDC
DDC ENTERPRISE LTD
N/AN/AN/AN/AN/AN/AN/AN/AN/A
STKH
STEAKHOLDER FOODS LTD
$12.32M$0.00-$28.30M-$31.76M-$2.09N/AN/AN/AN/A2024-04-18

Food Stocks FAQ

What are the best food stocks to buy right now in Mar 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 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 209.28% over the past year, overperforming other food stocks by 213 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -27.57% from Lifeway Foods's current stock price of $19.33.

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 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 -70.44% over the past year, underperforming other food stocks by -66 percentage points.

3. J&J Snack Foods (NASDAQ:JJSF)


J&J Snack Foods (NASDAQ:JJSF) is the third best food stock with a Zen Score of 55, which is 26 points higher than the food industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. J&J Snack Foods has seen its stock lose -1.87% over the past year, overperforming other food stocks by 2 percentage points.

J&J Snack Foods has an average 1 year price target of $195.00, an upside of 35.85% from J&J Snack Foods's current stock price of $143.54.

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.

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 8.7%, which is 5 percentage points higher than the food industry average of 3.44%.

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 8.3%, 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 -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 4.68%, 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 65.7% indicates that its high dividend yield is sustainable for the long-term.

Why are food stocks up?

Food stocks were up 1.01% in the last day, and up 1.94% over the last week. Lifeway Foods was the among the top gainers in the packaged foods industry, gaining 0.89% yesterday.

Lifeway Foods shares are trading lower after Noble Capital Markets downgraded the stock from Outperform to Market Perform.

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 -70.44% in the past year. It has underperformed other stocks in the food industry by -66 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 33.65% in the past year. It has overperformed other stocks in the food industry by 38 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 -16.58% in the past year. It has underperformed other stocks in the food industry by -12 percentage points.

Are food stocks a good buy now?

38.46% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 8.38% 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 6.93x.
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.