Sectors & Industries Consumer DefensivePackaged Foods
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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
SMPL	SIMPLY GOOD FOODS CO	United States	$3.48B	99,548,989	82.20%	17.80%	Net Selling	Net Selling
BON	BON NATURAL LIFE LTD	China	$4.73M	11,146,226	0.79%	0.00%
DAR	DARLING INGREDIENTS INC	United States	$8.57B	159,491,100	89.77%	7.42%	Net Selling	Net Selling
LANC	LANCASTER COLONY CORP	United States	$4.56B	27,528,000	43.81%	56.19%	Net Selling
FAMI	FARMMI INC	China	$4.63M	2,988,373	5.64%	0.00%
THRN	THORNE HEALTHTECH INC	United States	$547.83M	53,920,020	9.46%	90.54%	Net Selling
LWAY	LIFEWAY FOODS INC	United States	$141.59M	14,672,717	8.03%	91.97%	Net Selling	Net Selling
MAMA	MAMA's CREATIONS INC	United States	$163.25M	37,443,387	28.71%	13.07%	Net Selling	Net Buying
JJSF	J&J SNACK FOODS CORP	United States	$3.17B	19,289,799	29.11%	70.89%	Net Selling	Net Buying
LW	LAMB WESTON HOLDINGS INC	United States	$13.71B	145,666,703	85.88%	0.85%	Net Selling	Net Selling
USNA	USANA HEALTH SCIENCES INC	United States	$1.15B	19,301,730	17.82%	82.18%	Net Selling	Net Selling
INGR	INGREDION INC	United States	$6.51B	66,140,434	84.84%	7.26%	Net Buying	Net Buying
CPB	CAMPBELL SOUP CO	United States	$12.51B	297,945,220	24.65%	75.35%	Net Selling	Net Selling
BTOG	BIT ORIGIN LTD	United States	$5.33M	3,351,396	0.10%	0.00%
K	KELLOGG CO	United States	$20.37B	342,346,679	67.63%	32.37%	Net Selling	Net Selling
PETZ	TDH HOLDINGS INC	China	$12.70M	10,323,268	0.29%	0.00%
FLO	FLOWERS FOODS INC	United States	$4.80B	211,319,808	78.72%	15.09%	Net Selling	Net Selling
JBSS	SANFILIPPO JOHN B & SON INC	United States	$1.11B	11,570,457	39.64%	60.36%	Net Selling
GIS	GENERAL MILLS INC	United States	$37.66B	581,279,229	75.32%	1.47%	Net Selling	Net Selling
NOMD	NOMAD FOODS LTD	United Kingdom	$2.69B	173,700,000	74.76%	0.00%
BRBR	BELLRING BRANDS INC	United States	$5.40B	131,446,380	94.87%	4.46%	Net Selling
CENT	CENTRAL GARDEN & PET CO	United States	$2.48B	53,675,615	73.25%	26.75%	Net Selling	Net Selling
HRL	HORMEL FOODS CORP	United States	$21.27B	546,481,141	41.12%	48.45%	Net Selling	Net Buying
RKDA	ARCADIA BIOSCIENCES INC	United States	$3.78M	1,108,432	0.19%	99.81%	Net Buying	Net Buying
KHC	KRAFT HEINZ CO	United States	$42.16B	1,228,294,502	75.03%	24.97%	Net Selling	Net Selling
SENEA	SENECA FOODS CORP	United States	$409.98M	7,593,636	55.64%	24.92%	Net Buying	Net Buying
BRID	BRIDGFORD FOODS CORP	United States	$98.76M	9,076,832	1.56%	98.44%	Net Buying	Net Buying
LFVN	LIFEVANTAGE CORP	United States	$82.82M	12,701,736	10.26%	89.74%	Net Buying	Net Selling
FRPT	FRESHPET INC	United States	$3.05B	48,195,714	64.11%	35.89%	Net Buying	Net Buying
PPC	PILGRIMS PRIDE CORP	United States	$5.41B	236,789,929	3.86%	96.14%	Net Selling
UTZ	UTZ BRANDS INC	United States	$1.91B	140,490,417	43.53%	56.47%	Net Selling
CAG	CONAGRA BRANDS INC	United States	$13.50B	477,060,396	84.37%	7.74%	Net Selling	Net Selling
HLF	HERBALIFE LTD	Cayman Islands	$1.42B	98,998,947	19.43%	80.57%	Net Selling	Net Selling
MKC	MCCORMICK & CO INC	United States	$20.27B	268,326,518	77.86%	0.36%	Net Selling	Net Selling
TWNK	HOSTESS BRANDS INC	United States	$4.43B	132,859,633	69.80%	30.20%	Net Selling
BYND	BEYOND MEAT INC	United States	$605.23M	64,385,791	46.41%	18.00%	Net Buying	Net Selling
THS	TREEHOUSE FOODS INC	United States	$2.52B	56,378,524	80.74%	19.26%	Net Buying	Net Buying
NAII	NATURAL ALTERNATIVES INTERNATIONAL INC	United States	$38.85M	6,088,813	33.47%	63.18%	Net Selling
BRFS	BRF SA	Brazil	$2.10B	1,078,116,849	8.04%	0.00%
BRCC	BRC INC	United States	$758.50M	211,871,092	15.36%	45.25%	Net Buying
RGF	REAL GOOD FOOD COMPANY INC	United States	$91.36M	25,880,632	16.73%	36.46%	Net Selling	Net Selling
SJM	J M SMUCKER CO	United States	$12.92B	102,131,425	78.98%	12.52%	Net Selling	Net Selling
BTTR	BETTER CHOICE CO INC	United States	$3.61M	30,577,148	21.63%	27.84%	Net Buying	Net Buying
JVA	COFFEE HOLDING CO INC	United States	$5.08M	5,708,599	15.93%	84.07%
NCRA	NOCERA INC	United States	$16.83M	10,019,295	0.21%	38.49%	Net Buying
NATR	NATURES SUNSHINE PRODUCTS INC	United States	$315.31M	19,098,289	23.45%	76.55%	Net Selling	Net Selling
POST	POST HOLDINGS INC	United States	$5.33B	61,218,573	83.27%	12.99%	Net Selling	Net Selling
FREE	WHOLE EARTH BRANDS INC	United States	$149.26M	42,767,109	50.18%	38.60%	Net Buying	Net Selling
STKL	SUNOPTA INC	Canada	$408.10M	115,607,935	54.12%	45.88%	Net Selling	Net Selling
FARM	FARMER BROTHERS CO	United States	$50.28M	20,356,801	7.64%	92.36%	Net Buying	Net Buying
PLAG	PLANET GREEN HOLDINGS CORP	United States	$40.87M	72,081,930	0.15%	71.14%	Net Selling	Net Selling
BSFC	BLUE STAR FOODS CORP	United States	$711.87k	3,068,412	0.01%	99.99%	Net Buying
CYAN	CYANOTECH CORP	United States	$4.98M	6,308,010	5.96%	90.58%	Net Buying	Net Buying
NUZE	NUZEE INC	United States	$5.79M	776,739	1.01%	98.99%	Net Selling	Net Selling
HAIN	HAIN CELESTIAL GROUP INC	United States	$903.69M	89,473,831	68.77%	31.23%	Net Selling	Net Buying
LSF	LAIRD SUPERFOOD INC	United States	$9.62M	9,343,643	8.53%	40.01%	Net Selling	Net Selling
SNAX	STRYVE FOODS INC	United States	$7.56M	2,258,773	25.84%	74.16%	Net Buying	Net Buying
SOVO	SOVOS BRANDS INC	United States	$2.29B	101,318,245	27.56%	72.44%	Net Selling	Net Selling
WEST	WESTROCK COFFEE CO	United States	$794.20M	87,611,165	31.35%	67.58%	Net Buying	Net Buying
BOF	BRANCHOUT FOOD INC	United States	$8.40M	3,962,940	1.72%	27.46%	Net Buying
BGS	B&G FOODS INC	United States	$746.05M	72,291,573	63.13%	3.89%	Net Selling
RIBT	RICEBRAN TECHNOLOGIES	United States	$2.79M	6,607,776	0.78%	99.22%
PAVS	PARANOVUS ENTERTAINMENT TECHNOLOGY LTD	China	$31.68M	8,336,930	0.38%	0.00%
SMFL	SMART FOR LIFE INC	United States	$1.65M	1,849,542	4.64%	95.36%	Net Selling
YGF	YANGUFANG INTERNATIONAL GROUP CO LTD	China	$108.49M	32,875,000	0.00%	0.00%
STKH	STEAKHOLDER FOODS LTD	Israel	$19.08M	212,010,000	0.46%	0.00%

Food Stocks FAQ

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

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

1. Simply Good Foods Co (NASDAQ:SMPL)

Simply Good Foods Co (NASDAQ:SMPL) is the top food stock with a Zen Score of 68, which is 36 points higher than the food industry average of 32. It passed 23 out of 33 due diligence checks and has strong fundamentals. Simply Good Foods Co has seen its stock return 16.47% over the past year, overperforming other food stocks by 20 percentage points.

Simply Good Foods Co has an average 1 year price target of $42.43, an upside of 21.43% from Simply Good Foods Co's current stock price of $34.94.

Simply Good Foods Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Simply Good Foods Co, 85.71% have issued a Strong Buy rating, 14.29% 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 61, which is 29 points higher than the food industry average of 32. It passed 20 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -80.09% over the past year, underperforming other food stocks by -77 percentage points.

3. Darling Ingredients (NYSE:DAR)

Darling Ingredients (NYSE:DAR) is the third best food stock with a Zen Score of 59, which is 27 points higher than the food industry average of 32. It passed 20 out of 33 due diligence checks and has strong fundamentals. Darling Ingredients has seen its stock lose -19.22% over the past year, underperforming other food stocks by -16 percentage points.

Darling Ingredients has an average 1 year price target of $91.00, an upside of 69.27% from Darling Ingredients's current stock price of $53.76.

Darling Ingredients stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Darling Ingredients, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% 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 17 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 10.13%, which is 6 percentage points higher than the food industry average of 3.86%. 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 -373.2% 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 8.13%, which is 4 percentage points higher than the food industry average of 3.86%.

Lifevantage's dividend payout ratio of 62.5% indicates that its high dividend yield is sustainable for the long-term.

3. Conagra Brands (NYSE:CAG)

Conagra Brands (NYSE:CAG) has an annual dividend yield of 4.74%, which is 1 percentage points higher than the food industry average of 3.86%. 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 92.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are food stocks down?

Food stocks were down -0.87% in the last day, and down -3.02% 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. Bit Origin (NASDAQ:BTOG)

Bit Origin (NASDAQ:BTOG) is the most undervalued food stock based on WallStreetZen's Valuation Score. Bit Origin has a valuation score of 86, which is 57 points higher than the food industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Bit Origin's stock has dropped -86.58% in the past year. It has underperformed other stocks in the food industry by -83 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 42 points higher than the food industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Darling Ingredients's stock has dropped -19.22% in the past year. It has underperformed other stocks in the food industry by -16 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 42 points higher than the food industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Bon Natural Life's stock has dropped -80.09% in the past year. It has underperformed other stocks in the food industry by -77 percentage points.

Are food stocks a good buy now?

42.22% of food stocks rated by analysts are a strong buy right now. On average, analysts expect food stocks to rise by 24.86% 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 -39.91x.

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.