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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
$222.82M$166.85M$22.33M$12.96M$0.8914.78%10.95%394.44%N/A
SMPL
SIMPLY GOOD FOODS CO
$3.71B$1.27B$240.77M$140.76M$1.416.56%22.09%7.63%54.53%2024-06-27
BON
BON NATURAL LIFE LTD
$3.44M$29.52M$7.02M$4.60M$5.00-1.29%N/A-33.33%N/A
FTLF
FITLIFE BRANDS INC
$135.42M$58.51M$10.85M$7.30M$1.6181.45%26.11%123.61%39.02%
MAMA
MAMA's CREATIONS INC
$251.90M$103.28M$11.59M$6.51M$0.1810.83%29.39%200.00%78.26%2024-07-03
K
KELLANOVA
$20.97B$12.27B$1.87B$920.00M$2.69-0.44%-2.14%10.25%-4.52%
INGR
INGREDION INC
$7.72B$7.91B$1.17B$668.00M$10.13-3.49%4.46%20.88%11.76%
KHC
KRAFT HEINZ CO
$43.47B$26.56B$5.50B$2.82B$2.30-1.36%0.49%16.16%N/A
JJSF
J&J SNACK FOODS CORP
$3.16B$1.58B$187.44M$86.01M$4.477.34%6.44%83.95%-0.83%
NATR
NATURES SUNSHINE PRODUCTS INC
$288.44M$447.68M$38.98M$16.54M$0.866.58%3.96%377.78%112.17%
LW
LAMB WESTON HOLDINGS INC
$12.67B$6.55B$1.76B$1.09B$7.5436.22%12.28%100.00%19.38%2024-07-23
DAR
DARLING INGREDIENTS INC
$6.48B$6.42B$1.36B$543.08M$3.40-7.76%13.90%-25.76%89.26%
JBSS
SANFILIPPO JOHN B & SON INC
$1.17B$1.03B$112.73M$64.91M$5.600.80%3.44%-1.41%13.52%
THS
TREEHOUSE FOODS INC
$1.85B$3.44B$254.70M$26.20M$0.46-0.45%-6.59%N/AN/A2024-06-17
HRL
HORMEL FOODS CORP
$19.03B$12.14B$1.38B$794.72M$1.46-2.01%4.85%-18.89%-3.99%2024-05-30
CAG
CONAGRA BRANDS INC
$14.55B$12.12B$2.05B$952.00M$1.99-0.78%6.39%17.75%6.54%2024-07-11
CPB
CAMPBELL SOUP CO
$13.61B$9.27B$1.61B$766.00M$2.581.02%5.41%-4.80%N/A2024-06-05
CENT
CENTRAL GARDEN & PET CO
$3.06B$3.31B$388.43M$148.38M$2.261.49%7.58%31.86%10.05%
LANC
LANCASTER COLONY CORP
$5.11B$1.87B$230.59M$132.95M$4.832.93%7.71%1.26%-2.39%
FRPT
FRESHPET INC
$6.21B$823.22M$83.88M$9.77M$0.2030.53%32.07%N/AN/A2024-06-04
USNA
USANA HEALTH SCIENCES INC
$911.00M$900.45M$121.60M$61.94M$3.21-7.56%-5.11%-5.31%-8.74%2024-07-23
NOMD
NOMAD FOODS LTD
$2.99B$3.28B$523.98M$244.30M$1.452.39%5.34%-15.10%11.77%
MKC
MCCORMICK & CO INC
$19.37B$6.70B$1.24B$643.80M$2.644.78%4.72%6.45%1.06%2024-06-27
BRBR
BELLRING BRANDS INC
$7.71B$1.84B$363.10M$191.50M$1.4523.06%N/A29.46%N/A
BRID
BRIDGFORD FOODS CORP
$93.23M$244.86M$12.19M$3.78M$0.43-7.05%6.57%-91.45%-17.42%
GIS
GENERAL MILLS INC
$39.00B$20.17B$4.16B$2.55B$4.401.09%3.98%-5.98%11.44%2024-06-26
SENEA
SENECA FOODS CORP
$419.15M$1.48B$122.65M$32.51M$4.66-1.92%4.73%-18.25%174.32%2024-06-11
FAMI
FARMMI INC
$4.81M$110.36M$3.80M$2.54M$0.7011.24%29.92%-9.09%-58.66%
LSF
LAIRD SUPERFOOD INC
$24.32M$36.02M-$6.70M-$7.04M-$0.754.10%N/AN/AN/A
FLO
FLOWERS FOODS INC
$4.99B$5.13B$356.52M$125.75M$0.604.66%5.07%-40.00%-5.83%
PPC
PILGRIMS PRIDE CORP
$8.46B$17.56B$1.22B$490.81M$2.080.95%9.97%5.05%19.32%2024-07-24
SOWG
SOW GOOD INC
$162.99M$27.28M$1.25M-$1.15M-$0.234,613.80%290.61%N/AN/A
LFVN
LIFEVANTAGE CORP
$93.48M$205.45M$9.17M$3.60M$0.28-2.22%-1.70%N/A-9.84%
BSFC
BLUE STAR FOODS CORP
$2.64M$6.49M-$1.79M-$3.61M-$6.00-30.56%-26.62%N/AN/A
PETZ
TDH HOLDINGS INC
$12.18M$3.18M-$23.32M-$23.63M-$2.292.49%-33.09%N/AN/A
FREE
WHOLE EARTH BRANDS INC
$208.21M$548.00M$38.52M-$27.70M-$0.651.46%N/AN/AN/A
POST
POST HOLDINGS INC
$6.40B$7.77B$1.21B$340.60M$5.6323.52%5.18%-18.05%9.29%
BRCC
BRC INC
$1.21B$410.52M$7.41M-$8.78M-$0.1728.70%N/AN/AN/A
RGF
REAL GOOD FOOD COMPANY INC
$18.66M$156.38M$5.29M-$15.18M-$2.0718.88%N/AN/AN/A
RKDA
ARCADIA BIOSCIENCES INC
$3.87M$5.41M-$6.05M-$7.02M-$5.05-26.92%30.90%N/AN/A
NCRA
NOCERA INC
$14.37M$24.98M-$3.60M-$3.79M-$0.3861.44%38.94%N/AN/A
BRFS
BRF SA
$6.26B$10.53B$766.45M-$398.54M-$0.298.24%7.19%N/AN/A
FARM
FARMER BROTHERS CO
$63.16M$342.20M-$23.37M-$46.06M-$2.290.92%-10.73%N/AN/A
BYND
BEYOND MEAT INC
$467.17M$326.74M-$272.04M-$333.47M-$5.17-18.66%23.15%N/AN/A
SJM
J M SMUCKER CO
$11.72B$8.21B$605.00M-$101.80M-$0.80-1.45%1.24%N/AN/A2024-06-06
JVA
COFFEE HOLDING CO INC
$7.36M$69.39M$1.57M$47.55k$0.013.06%-5.53%N/A-43.26%2024-06-13
KLG
WK KELLOGG CO
$1.72B$2.75B$241.00M$117.00MN/A-1.50%N/AN/AN/A
BOF
BRANCHOUT FOOD INC
$6.51M$4.20M-$3.68M-$4.20M-$1.40586.25%N/AN/AN/A
BGS
B&G FOODS INC
$742.29M$2.03B$94.68M-$109.85M-$1.42-5.45%3.79%N/AN/A
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
$6.54M$51.46M-$41.68M-$44.17M-$1.30-13.50%N/AN/AN/A
ATPC
AGAPE ATP CORP
$20.24M$1.37M-$2.16M-$2.39M-$0.03-25.13%3.57%N/AN/A
STKL
SUNOPTA INC
$606.34M$724.82M-$102.36M-$175.69M-$1.513.20%-1.37%N/AN/A
HAIN
HAIN CELESTIAL GROUP INC
$642.39M$1.77B$25.70M-$90.80M-$1.02-2.24%-2.72%N/AN/A
WEST
WESTROCK COFFEE CO
$945.45M$851.77M$8.87M-$57.47M-$0.71-3.96%N/AN/AN/A2024-06-04
PLAG
PLANET GREEN HOLDINGS CORP
$15.86M$20.12M-$17.99M-$20.64M-$0.29-51.31%24.13%N/AN/A
BTTR
BETTER CHOICE CO INC
$3.66M$37.26M-$19.34M-$22.12M-$31.05-20.53%19.82%N/AN/A
SMFL
SMART FOR LIFE INC
$315.25k$11.11M-$12.49M-$20.92M-$1.12k-39.39%N/AN/AN/A
STKH
STEAKHOLDER FOODS LTD
$11.23M$0.00-$14.99M-$16.86M-$8.00N/AN/AN/AN/A
HLF
HERBALIFE LTD
$1.09B$5.07B$485.20M$137.20M$1.38-0.90%0.76%-46.51%-9.31%
UTZ
UTZ BRANDS INC
$2.54B$1.43B$147.85M-$19.80M-$0.241.00%N/AN/AN/A
NUZE
NUZEE INC
$2.40M$3.57M-$8.30M-$8.71M-$10.6010.55%20.82%N/AN/A2024-06-06
BRLS
BOREALIS FOODS INC
$157.13M$22.94M-$12.18M-$22.13MN/A1.55%N/AN/AN/A
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
$40.31M$120.20M$1.03M-$3.31M-$0.56-29.56%-3.98%N/AN/A
DDC
DDC ENTERPRISE LTD
N/AN/AN/AN/AN/AN/AN/AN/AN/A
SNAX
STRYVE FOODS INC
$5.79M$17.66M-$11.97M-$18.33M-$7.79-35.00%3.22%N/AN/A2024-06-14

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 163.48% over the past year, overperforming other food stocks by 178 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -7.59% from Lifeway Foods's current stock price of $15.15.

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. Simply Good Foods Co (NASDAQ:SMPL)


Simply Good Foods Co (NASDAQ:SMPL) 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 18 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock lose -0.8% over the past year, overperforming other food stocks by 14 percentage points.

Simply Good Foods Co has an average 1 year price target of $38.86, an upside of 4.68% from Simply Good Foods Co's current stock price of $37.12.

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.

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 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 -54.39% over the past year, underperforming other food stocks by -40 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. 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 3.46%. 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 7.34%, which is 4 percentage points higher than the food industry average of 3.46%.

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 4.6%, which is 1 percentage points higher than the food industry average of 3.46%. 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 -0.67% in the last day, and down -2.41% 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. 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 37.87% in the past year. It has overperformed other stocks in the food industry by 53 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 -7.47% in the past year. It has overperformed other stocks in the food industry by 7 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 -38.39% in the past year. It has underperformed other stocks in the food industry by -24 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 12.34% 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 24.88x.
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.