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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
LWAY
LIFEWAY FOODS INC
United States
$179.28M14,707,39214.29%85.71%Net SellingNet Selling
SMPL
SIMPLY GOOD FOODS CO
United States
$3.64B99,988,96682.09%17.91%Net SellingNet Selling
MAMA
MAMA's CREATIONS INC
United States
$238.48M37,263,09648.97%19.00%Net Selling
PPC
PILGRIMS PRIDE CORP
United States
$8.24B236,943,4873.78%96.22%Net Selling
FTLF
FITLIFE BRANDS INC
United States
$137.40M4,598,2410.87%99.13%Net BuyingNet Selling
LW
LAMB WESTON HOLDINGS INC
United States
$12.53B144,391,02188.77%1.05%Net SellingNet Buying
INGR
INGREDION INC
United States
$7.48B65,647,48584.81%7.34%Net SellingNet Buying
JJSF
J&J SNACK FOODS CORP
United States
$3.19B19,386,21529.13%70.87%Net BuyingNet Selling
K
KELLANOVA
United States
$19.67B341,883,64568.69%31.31%Net SellingNet Selling
BON
BON NATURAL LIFE LTD
China
$2.74M1,173,8663.10%0.00%
NATR
NATURES SUNSHINE PRODUCTS INC
United States
$281.70M18,729,77524.00%76.00%Net SellingNet Buying
KHC
KRAFT HEINZ CO
United States
$39.32B1,214,298,18275.47%24.53%Net SellingNet Selling
BRBR
BELLRING BRANDS INC
United States
$7.20B130,433,80894.18%4.52%Net BuyingNet Selling
FRPT
FRESHPET INC
United States
$6.02B48,431,04961.88%38.12%Net SellingNet Selling
GIS
GENERAL MILLS INC
United States
$36.98B564,548,76375.02%1.53%Net SellingNet Selling
USNA
USANA HEALTH SCIENCES INC
United States
$856.51M19,050,56817.79%82.21%Net SellingNet Selling
SENEA
SENECA FOODS CORP
United States
$397.60M6,964,43641.98%27.18%Net Buying
CENT
CENTRAL GARDEN & PET CO
United States
$2.54B67,403,05077.90%22.10%Net SellingNet Selling
CAG
CONAGRA BRANDS INC
United States
$13.55B478,062,74983.69%7.74%Net SellingNet Selling
JBSS
SANFILIPPO JOHN B & SON INC
United States
$1.13B11,603,46440.38%59.62%Net Selling
THS
TREEHOUSE FOODS INC
United States
$1.86B52,600,00075.43%24.57%Net BuyingNet Selling
LANC
LANCASTER COLONY CORP
United States
$5.14B27,527,00043.86%56.14%Net Buying
DAR
DARLING INGREDIENTS INC
United States
$5.68B159,779,55392.50%7.50%Net SellingNet Selling
CPB
CAMPBELL SOUP CO
United States
$13.13B298,553,88524.90%75.10%Net SellingNet Selling
SOWG
SOW GOOD INC
United States
$209.24M10,142,4290.00%100.00%Net BuyingNet Buying
NOMD
NOMAD FOODS LTD
United Kingdom
$2.71B163,167,13475.22%0.00%
FLO
FLOWERS FOODS INC
United States
$4.71B211,141,59965.25%15.29%Net SellingNet Buying
FAMI
FARMMI INC
China
$4.63M6,094,0780.76%0.00%
HRL
HORMEL FOODS CORP
United States
$16.71B548,305,38440.09%48.32%Net SellingNet Selling
LSF
LAIRD SUPERFOOD INC
United States
$44.02M9,611,54412.99%39.55%Net BuyingNet Buying
MKC
MCCORMICK & CO INC
United States
$18.20B268,412,70580.45%0.40%Net SellingNet Selling
LFVN
LIFEVANTAGE CORP
United States
$87.63M12,700,55610.04%89.96%Net SellingNet Selling
PETZ
TDH HOLDINGS INC
China
$12.39M10,323,2680.14%0.00%
FREE
WHOLE EARTH BRANDS INC
United States
$206.92M43,197,33851.73%38.59%Net SellingNet Selling
POST
POST HOLDINGS INC
United States
$6.12B60,585,87786.61%13.39%Net SellingNet Selling
BRCC
BRC INC
United States
$1.34B212,314,88418.74%44.84%Net BuyingNet Selling
BRID
BRIDGFORD FOODS CORP
United States
$89.86M9,076,8321.45%98.55%Net BuyingNet Buying
RGF
REAL GOOD FOOD COMPANY INC
United States
$20.48M33,684,20426.34%38.56%Net Selling
RKDA
ARCADIA BIOSCIENCES INC
United States
$4.32M1,362,8400.11%99.89%Net Buying
NCRA
NOCERA INC
United States
$14.42M13,556,9870.71%32.13%
KLG
WK KELLOGG CO
United States
$1.53B85,877,52879.30%16.59%Net Buying
BRFS
BRF SA
Brazil
$5.82B1,678,656,0673.33%0.00%
BSFC
BLUE STAR FOODS CORP
United States
$2.58M1,053,1964.51%95.49%Net Buying
FARM
FARMER BROTHERS CO
United States
$59.54M21,264,3277.13%92.87%Net Buying
BYND
BEYOND MEAT INC
United States
$431.48M64,884,71246.49%19.11%Net SellingNet Selling
SJM
J M SMUCKER CO
United States
$11.85B106,175,55078.62%12.05%Net SellingNet Selling
JVA
COFFEE HOLDING CO INC
United States
$7.65M5,708,59910.09%89.91%
BOF
BRANCHOUT FOOD INC
United States
$6.17M4,253,2881.99%29.22%
WEST
WESTROCK COFFEE CO
United States
$886.36M89,531,65136.09%63.91%Net Buying
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
China
$6.97M7,336,9300.26%0.00%
BGS
B&G FOODS INC
United States
$663.24M79,051,12067.80%4.21%Net BuyingNet Buying
ATPC
AGAPE ATP CORP
Malaysia
$17.55M76,966,7120.25%0.00%
HAIN
HAIN CELESTIAL GROUP INC
United States
$620.82M89,844,07770.25%29.75%Net BuyingNet Buying
HLF
HERBALIFE LTD
Cayman Islands
$1.10B99,967,56919.28%80.72%Net BuyingNet Buying
STKL
SUNOPTA INC
Canada
$636.66M116,604,08954.91%45.09%Net SellingNet Selling
BTTR
BETTER CHOICE CO INC
United States
$3.14M893,6020.07%99.93%Net Buying
PLAG
PLANET GREEN HOLDINGS CORP
United States
$11.89M7,208,1930.55%99.45%Net Selling
UTZ
UTZ BRANDS INC
United States
$2.49B140,822,97352.59%19.91%Net SellingNet Selling
STKH
STEAKHOLDER FOODS LTD
Israel
$9.06M251,756,0473.09%0.00%
NUZE
NUZEE INC
United States
$2.08M1,298,4145.94%94.06%Net BuyingNet Buying
SMFL
SMART FOR LIFE INC
United States
$368.74k113,8090.81%99.19%
BRLS
BOREALIS FOODS INC
Canada
$191.98M21,378,8520.13%87.70%Net Buying
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
United States
$40.80M6,200,86931.44%62.72%Net Selling
DDC
DDC ENTERPRISE LTD
China
N/A20,158,1760.84%0.00%
SNAX
STRYVE FOODS INC
United States
$6.57M3,287,0094.38%95.62%Net Buying

Food Stocks FAQ

What are the best food stocks to buy right now in Jun 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 66, which is 36 points higher than the food industry average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 75.65% over the past year, overperforming other food stocks by 89 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, an upside of 14.85% from Lifeway Foods's current stock price of $12.19.

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 59, which is 29 points higher than the food industry average of 30. It passed 19 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock return 2.85% over the past year, overperforming other food stocks by 16 percentage points.

Simply Good Foods Co has an average 1 year price target of $38.43, an upside of 5.52% from Simply Good Foods Co's current stock price of $36.42.

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. Mama's Creations (NASDAQ:MAMA)


Mama's Creations (NASDAQ:MAMA) is the third best food stock with a Zen Score of 57, which is 27 points higher than the food industry average of 30. It passed 19 out of 33 due diligence checks and has strong fundamentals. Mama's Creations has seen its stock return 156% over the past year, overperforming other food stocks by 169 percentage points.

Mama's Creations has an average 1 year price target of $9.38, an upside of 46.48% from Mama's Creations's current stock price of $6.40.

Mama's Creations stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Mama's Creations, 75% have issued a Strong Buy rating, 25% 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. B&G Foods (NYSE:BGS)


B&G Foods (NYSE:BGS) has an annual dividend yield of 9.06%, which is 6 percentage points higher than the food industry average of 3.5%. 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 7.9%, which is 4 percentage points higher than the food industry average of 3.5%.

Lifevantage's dividend payout ratio of 192.9% 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 4.94%, which is 1 percentage points higher than the food industry average of 3.5%. 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 69.6% indicates that its high dividend yield is sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.68% in the last day, and down -1.82% 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 77 points higher than the food industry average of 23. It passed 7 out of 7 valuation due diligence checks.

Natures Sunshine Products's stock has gained 19.46% in the past year. It has overperformed other stocks in the food industry by 33 percentage points.

2. Darling Ingredients (NYSE:DAR)


Darling Ingredients (NYSE:DAR) is the second most undervalued food stock based on WallStreetZen's Valuation Score. Darling Ingredients 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.

Darling Ingredients's stock has dropped -45.01% in the past year. It has underperformed other stocks in the food industry by -32 percentage points.

3. Bon Natural Life (NASDAQ:BON)


Bon Natural Life (NASDAQ:BON) is the third 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 -64.18% in the past year. It has underperformed other stocks in the food industry by -51 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 16.57% 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 23.31x.
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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.