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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
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
BON
BON NATURAL LIFE LTD
$12.68M$29.91M$8.32M$6.24M$0.7517.31%N/A8.70%N/A
DAR
DARLING INGREDIENTS INC
$8.46B$6.53B$1.40B$737.69M$4.5837.77%12.27%14.21%42.48%2023-05-08
BRID
BRIDGFORD FOODS CORP
$125.71M$263.43M$69.89M$45.69M$5.035.45%9.37%N/A57.44%
PPC
PILGRIMS PRIDE CORP
$5.47B$17.47B$1.58B$745.93M$3.1118.21%10.16%2,292.31%2.20%2023-04-25
SMPL
SIMPLY GOOD FOODS CO
$3.67B$1.19B$210.86M$123.28M$1.2412.56%N/A520.00%N/A2023-04-05
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
$56.17M$180.32M$14.91M$8.48M$1.438.12%8.72%-10.63%31.77%2023-05-11
FAMI
FARMMI INC
$9.90M$99.21M$2.61M$2.22M$0.10152.52%30.05%-82.76%-58.63%
GIS
GENERAL MILLS INC
$47.05B$19.37B$4.46B$2.91B$4.834.08%4.46%31.97%11.76%2023-03-23
SENEA
SENECA FOODS CORP
$391.45M$1.51B$112.61M$48.84M$6.2511.27%3.93%-6.44%52.41%
NOMD
NOMAD FOODS LTD
$3.12B$3.16B$498.92M$268.60M$1.545.58%5.89%31.23%10.20%2023-05-11
MGPI
MGP INGREDIENTS INC
$2.04B$782.36M$167.67M$108.59M$4.9424.83%17.63%13.04%15.15%2023-05-03
INGR
INGREDION INC
$6.37B$7.95B$972.00M$492.00M$7.4315.26%4.94%327.01%0.60%2023-05-03
BRFS
BRF SA
$1.11B$9.67B$1.15B$99.88M$0.1214.35%0.27%-69.34%N/A2023-05-10
SJM
J M SMUCKER CO
$16.20B$8.33B$1.54B$711.50M$6.665.62%2.50%24.95%-9.74%
FLO
FLOWERS FOODS INC
$5.64B$4.81B$469.59M$228.39M$1.0810.97%4.15%11.34%8.45%2023-05-17
K
KELLOGG CO
$22.13B$15.32B$1.90B$960.00M$2.818.00%3.57%-35.55%-4.89%2023-05-04
RGF
REAL GOOD FOOD COMPANY INC
$129.02M$131.54M$11.74M$4.36M$356.1588.83%N/A86.89%N/A2023-05-12
CPB
CAMPBELL SOUP CO
$15.99B$9.18B$1.60B$813.00M$2.7110.54%9.59%-10.86%-4.99%
LW
LAMB WESTON HOLDINGS INC
$14.00B$4.51B$938.10M$473.60M$3.2815.82%6.82%146.62%8.71%2023-04-06
JJSF
J&J SNACK FOODS CORP
$2.71B$1.41B$113.47M$42.78M$2.2415.66%4.69%-34.31%-16.26%2023-05-01
HAIN
HAIN CELESTIAL GROUP INC
$1.50B$1.85B$141.31M$45.46M$0.51-1.15%-5.01%-60.16%-11.51%2023-05-03
POST
POST HOLDINGS INC
$5.01B$6.08B$1.66B$869.30M$14.3618.23%2.37%1,478.02%32.77%2023-05-03
JBSS
SANFILIPPO JOHN B & SON INC
$1.11B$1.00B$104.64M$61.74M$5.3512.20%3.38%3.48%14.15%2023-04-25
TWNK
HOSTESS BRANDS INC
$3.26B$1.36B$312.78M$164.20M$1.2018.93%11.84%31.87%-11.89%2023-05-02
CENT
CENTRAL GARDEN & PET CO
$2.10B$3.30B$366.39M$134.71M$2.53-2.02%9.73%-11.85%5.56%2023-05-02
HRL
HORMEL FOODS CORP
$20.96B$12.39B$1.59B$978.14M$1.803.48%6.08%5.26%0.80%
BRBR
BELLRING BRANDS INC
$3.95B$1.43B$238.10M$118.30M$0.9112.31%N/A26.39%N/A2023-05-04
LANC
LANCASTER COLONY CORP
$5.46B$1.76B$173.32M$102.13M$3.7112.51%7.91%-18.64%-2.95%2023-05-03
KHC
KRAFT HEINZ CO
$46.10B$26.49B$4.82B$2.36B$1.931.70%0.31%132.53%-26.47%2023-04-25
NUZE
NUZEE INC
$7.77M$3.23M-$10.42M-$11.18M-$19.3332.88%18.04%N/AN/A
FRPT
FRESHPET INC
$2.86B$595.34M-$19.45M-$59.49M-$1.2939.92%31.33%N/AN/A2023-05-01
THRN
THORNE HEALTHTECH INC
$246.77M$219.02M$14.75M$6.40M$0.1727.66%N/AN/AN/A2023-05-10
MMMB
MAMAMANCINI's HOLDINGS INC
$67.19M$84.22M$1.25M-$863.94k-$0.0394.86%27.37%N/AN/A2023-04-26
TTCF
TATTOOED CHEF INC
$112.94M$231.88M-$91.93M-$98.51M-$1.2018.76%N/AN/AN/A2023-03-20
MKC
MCCORMICK & CO INC
$19.47B$6.35B$1.16B$644.20M$2.540.52%6.07%-10.25%6.15%2023-03-28
PETZ
TDH HOLDINGS INC
$7.75M$2.41M-$9.23M-$6.07M-$1.74261.20%-39.11%N/AN/A2023-04-29
RIBT
RICEBRAN TECHNOLOGIES
$5.44M$41.62M-$5.02M-$7.86M-$1.4233.68%25.52%N/AN/A2023-04-26
BRCC
BRC INC
$1.09B$301.31M-$76.56M-$82.91M-$1.6229.26%N/AN/AN/A2023-05-11
CAG
CONAGRA BRANDS INC
$16.93B$12.04B$1.71B$681.70M$1.427.29%9.01%-37.72%-3.54%2023-04-05
CVGW
CALAVO GROWERS INC
$404.53M$1.14B$16.30M-$5.28M-$0.293.05%0.83%N/AN/A
BSFC
BLUE STAR FOODS CORP
$3.32M$12.34M-$6.23M-$7.76M-$0.3211.84%N/AN/AN/A2023-03-30
HLF
HERBALIFE NUTRITION LTD
$1.67B$5.20B$679.50M$321.30M$3.26-10.31%3.29%-22.75%19.28%2023-05-01
FREE
WHOLE EARTH BRANDS INC
$124.17M$538.27M$2.26M-$58.75M-$1.428.97%N/AN/AN/A2023-05-08
FARM
FARMER BROTHERS CO
$74.43M$496.46M$5.82M-$29.10M-$1.5617.42%-2.76%N/AN/A2023-05-03
DTEA
DAVIDSTEA INC
$20.94M$91.71M-$5.71M-$10.24M-$0.38-12.14%-16.33%N/AN/A2023-04-27
PLAG
PLANET GREEN HOLDINGS CORP
$37.34M$59.96M-$6.71M-$9.88M-$0.27257.66%42.46%N/AN/A2023-03-29
BYND
BEYOND MEAT INC
$996.03M$418.93M-$324.39M-$366.14M-$5.75-9.85%66.66%N/AN/A2023-05-09
THS
TREEHOUSE FOODS INC
$2.56B$3.45B$75.70M-$146.30M-$2.6117.25%-6.57%N/AN/A2023-05-08
BTOG
BIT ORIGIN LTD
$23.15M$192.35k$3.57M$3.24M-$0.04N/A-68.63%N/AN/A
LSF
LAIRD SUPERFOOD INC
$7.15M$35.83M-$39.20M-$40.34M-$4.41-2.67%N/AN/AN/A2023-05-10
BTTR
BETTER CHOICE CO INC
$15.00M$56.38M-$17.93M-$20.04M-$0.8427.25%698.76%N/AN/A2023-03-28
LWAY
LIFEWAY FOODS INC
$94.68M$136.70M$3.76M$115.00k$0.0020.26%2.16%-100.00%-100.00%2023-04-18
BGS
B&G FOODS INC
$1.07B$2.16B$203.44M-$11.37M-$0.165.19%5.61%N/AN/A2023-05-03
SNAX
STRYVE FOODS INC
$18.62M$31.37M-$37.61M-$40.59M-$1.5115.18%N/AN/AN/A2023-03-20
CLXT
CALYXT INC
$16.79M$157.00k-$15.27M-$16.89M-$0.37-99.40%-20.93%N/AN/A2023-05-03
CYAN
CYANOTECH CORP
$6.27M$25.91M$752.00k-$1.73M-$0.29-30.49%-4.87%N/AN/A
JVA
COFFEE HOLDING CO INC
$10.62M$67.90M$1.16M$393.20k$0.079.02%-1.38%-22.22%-6.89%
STKH
STEAKHOLDER FOODS LTD
$9.87M$0.00-$15.03M-$17.92M-$1.40N/AN/AN/AN/A2023-04-20
STKL
SUNOPTA INC
$817.17M$934.66M$45.23M-$7.95M-$0.0715.02%-6.09%N/AN/A2023-05-09
UTZ
UTZ BRANDS INC
$2.26B$1.41B$106.91M-$392.00k$0.0019.28%N/A-100.00%N/A2023-05-10
SOVO
SOVOS BRANDS INC
$1.48B$878.37M$2.80M-$53.45M-$0.5322.13%N/AN/AN/A2023-05-03
SMFL
SMART FOR LIFE INC
$5.00M$18.33M-$8.27M-$26.18M-$1.31242.68%N/AN/AN/A2023-03-31

Food Stocks FAQ

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

According to Zen Score, the 3 best food stocks to buy right now are:

1. Darling Ingredients (NYSE:DAR)


Darling Ingredients (NYSE:DAR) is the top food stock with a Zen Score of 62, which is 28 points higher than the food industry average of 34. It passed 21 out of 33 due diligence checks and has strong fundamentals. Darling Ingredients has seen its stock lose -29.08% over the past year, underperforming other food stocks by -23 percentage points.

Darling Ingredients has an average 1 year price target of $96.22, an upside of 81.89% from Darling Ingredients's current stock price of $52.90.

Darling Ingredients stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Darling Ingredients, 55.56% have issued a Strong Buy rating, 22.22% have issued a Buy, 22.22% 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 62, which is 28 points higher than the food industry average of 34. It passed 21 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -57.1% over the past year, underperforming other food stocks by -51 percentage points.

3. Bridgford Foods (NASDAQ:BRID)


Bridgford Foods (NASDAQ:BRID) is the third best food stock with a Zen Score of 60, which is 26 points higher than the food industry average of 34. It passed 19 out of 33 due diligence checks and has strong fundamentals. Bridgford Foods has seen its stock return 25.62% over the past year, overperforming other food stocks by 32 percentage points.

What are the food stocks with highest dividends?

Out of 19 food stocks that have issued dividends in the past year, the 3 food stocks with the highest dividend yields are:

1. Coffee Holding Co (NASDAQ:JVA)


Coffee Holding Co (NASDAQ:JVA) has an annual dividend yield of N/A, which is N/A percentage points lower than the food industry average of 2.96%. Coffee Holding Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Coffee Holding Co's dividend has not shown consistent growth over the last 10 years.

Coffee Holding Co's dividend payout ratio of 100% indicates that its 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 10.83%, which is 8 percentage points higher than the food industry average of 2.96%. 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 -1,009.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Kraft Heinz Co (NASDAQ:KHC)


Kraft Heinz Co (NASDAQ:KHC) has an annual dividend yield of 4.25%, which is 1 percentage points higher than the food industry average of 2.96%. Kraft Heinz Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Kraft Heinz Co's dividend has not shown consistent growth over the last 10 years.

Kraft Heinz Co's dividend payout ratio of 82.9% indicates that its dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -1.25% in the last day, and up 0.5% over the last week. Ricebran Technologies was the among the top losers in the packaged foods industry, dropping -21.11% yesterday.

RiceBran Tech shares are trading lower after the company reported Q4 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. Bridgford Foods (NASDAQ:BRID)


Bridgford Foods (NASDAQ:BRID) is the most undervalued food stock based on WallStreetZen's Valuation Score. Bridgford Foods has a valuation score of 86, which is 55 points higher than the food industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Bridgford Foods's stock has gained 25.62% in the past year. It has overperformed other stocks in the food industry by 32 percentage points.

2. Natural Alternatives International (NASDAQ:NAII)


Natural Alternatives International (NASDAQ:NAII) is the second most undervalued food stock based on WallStreetZen's Valuation Score. Natural Alternatives International has a valuation score of 86, which is 55 points higher than the food industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Natural Alternatives International's stock has dropped -18.42% in the past year. It has underperformed other stocks in the food industry by -12 percentage points.

3. Seneca Foods (NASDAQ:SENEA)


Seneca Foods (NASDAQ:SENEA) is the third most undervalued food stock based on WallStreetZen's Valuation Score. Seneca Foods has a valuation score of 86, which is 55 points higher than the food industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Seneca Foods's stock has dropped -2.5% in the past year. It has overperformed other stocks in the food industry by 4 percentage points.

Are food stocks a good buy now?

36% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 15.55% 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 18.97x.
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.