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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
SMPL
SIMPLY GOOD FOODS CO
United States
$3.48B99,548,98982.20%17.80%Net SellingNet Selling
BON
BON NATURAL LIFE LTD
China
$4.73M11,146,2260.79%0.00%
DAR
DARLING INGREDIENTS INC
United States
$8.57B159,491,10089.77%7.42%Net SellingNet Selling
LANC
LANCASTER COLONY CORP
United States
$4.56B27,528,00043.81%56.19%Net Selling
FAMI
FARMMI INC
China
$4.63M2,988,3735.64%0.00%
THRN
THORNE HEALTHTECH INC
United States
$547.83M53,920,0209.46%90.54%Net Selling
LWAY
LIFEWAY FOODS INC
United States
$141.59M14,672,7178.03%91.97%Net SellingNet Selling
MAMA
MAMA's CREATIONS INC
United States
$163.25M37,443,38728.71%13.07%Net SellingNet Buying
JJSF
J&J SNACK FOODS CORP
United States
$3.17B19,289,79929.11%70.89%Net SellingNet Buying
LW
LAMB WESTON HOLDINGS INC
United States
$13.71B145,666,70385.88%0.85%Net SellingNet Selling
USNA
USANA HEALTH SCIENCES INC
United States
$1.15B19,301,73017.82%82.18%Net SellingNet Selling
INGR
INGREDION INC
United States
$6.51B66,140,43484.84%7.26%Net BuyingNet Buying
CPB
CAMPBELL SOUP CO
United States
$12.51B297,945,22024.65%75.35%Net SellingNet Selling
BTOG
BIT ORIGIN LTD
United States
$5.33M3,351,3960.10%0.00%
K
KELLOGG CO
United States
$20.37B342,346,67967.63%32.37%Net SellingNet Selling
PETZ
TDH HOLDINGS INC
China
$12.70M10,323,2680.29%0.00%
FLO
FLOWERS FOODS INC
United States
$4.80B211,319,80878.72%15.09%Net SellingNet Selling
JBSS
SANFILIPPO JOHN B & SON INC
United States
$1.11B11,570,45739.64%60.36%Net Selling
GIS
GENERAL MILLS INC
United States
$37.66B581,279,22975.32%1.47%Net SellingNet Selling
NOMD
NOMAD FOODS LTD
United Kingdom
$2.69B173,700,00074.76%0.00%
BRBR
BELLRING BRANDS INC
United States
$5.40B131,446,38094.87%4.46%Net Selling
CENT
CENTRAL GARDEN & PET CO
United States
$2.48B53,675,61573.25%26.75%Net SellingNet Selling
HRL
HORMEL FOODS CORP
United States
$21.27B546,481,14141.12%48.45%Net SellingNet Buying
RKDA
ARCADIA BIOSCIENCES INC
United States
$3.78M1,108,4320.19%99.81%Net BuyingNet Buying
KHC
KRAFT HEINZ CO
United States
$42.16B1,228,294,50275.03%24.97%Net SellingNet Selling
SENEA
SENECA FOODS CORP
United States
$409.98M7,593,63655.64%24.92%Net BuyingNet Buying
BRID
BRIDGFORD FOODS CORP
United States
$98.76M9,076,8321.56%98.44%Net BuyingNet Buying
LFVN
LIFEVANTAGE CORP
United States
$82.82M12,701,73610.26%89.74%Net BuyingNet Selling
FRPT
FRESHPET INC
United States
$3.05B48,195,71464.11%35.89%Net BuyingNet Buying
PPC
PILGRIMS PRIDE CORP
United States
$5.41B236,789,9293.86%96.14%Net Selling
UTZ
UTZ BRANDS INC
United States
$1.91B140,490,41743.53%56.47%Net Selling
CAG
CONAGRA BRANDS INC
United States
$13.50B477,060,39684.37%7.74%Net SellingNet Selling
HLF
HERBALIFE LTD
Cayman Islands
$1.42B98,998,94719.43%80.57%Net SellingNet Selling
MKC
MCCORMICK & CO INC
United States
$20.27B268,326,51877.86%0.36%Net SellingNet Selling
TWNK
HOSTESS BRANDS INC
United States
$4.43B132,859,63369.80%30.20%Net Selling
BYND
BEYOND MEAT INC
United States
$605.23M64,385,79146.41%18.00%Net BuyingNet Selling
THS
TREEHOUSE FOODS INC
United States
$2.52B56,378,52480.74%19.26%Net BuyingNet Buying
NAII
NATURAL ALTERNATIVES INTERNATIONAL INC
United States
$38.85M6,088,81333.47%63.18%Net Selling
BRFS
BRF SA
Brazil
$2.10B1,078,116,8498.04%0.00%
BRCC
BRC INC
United States
$758.50M211,871,09215.36%45.25%Net Buying
RGF
REAL GOOD FOOD COMPANY INC
United States
$91.36M25,880,63216.73%36.46%Net SellingNet Selling
SJM
J M SMUCKER CO
United States
$12.92B102,131,42578.98%12.52%Net SellingNet Selling
BTTR
BETTER CHOICE CO INC
United States
$3.61M30,577,14821.63%27.84%Net BuyingNet Buying
JVA
COFFEE HOLDING CO INC
United States
$5.08M5,708,59915.93%84.07%
NCRA
NOCERA INC
United States
$16.83M10,019,2950.21%38.49%Net Buying
NATR
NATURES SUNSHINE PRODUCTS INC
United States
$315.31M19,098,28923.45%76.55%Net SellingNet Selling
POST
POST HOLDINGS INC
United States
$5.33B61,218,57383.27%12.99%Net SellingNet Selling
FREE
WHOLE EARTH BRANDS INC
United States
$149.26M42,767,10950.18%38.60%Net BuyingNet Selling
STKL
SUNOPTA INC
Canada
$408.10M115,607,93554.12%45.88%Net SellingNet Selling
FARM
FARMER BROTHERS CO
United States
$50.28M20,356,8017.64%92.36%Net BuyingNet Buying
PLAG
PLANET GREEN HOLDINGS CORP
United States
$40.87M72,081,9300.15%71.14%Net SellingNet Selling
BSFC
BLUE STAR FOODS CORP
United States
$711.87k3,068,4120.01%99.99%Net Buying
CYAN
CYANOTECH CORP
United States
$4.98M6,308,0105.96%90.58%Net BuyingNet Buying
NUZE
NUZEE INC
United States
$5.79M776,7391.01%98.99%Net SellingNet Selling
HAIN
HAIN CELESTIAL GROUP INC
United States
$903.69M89,473,83168.77%31.23%Net SellingNet Buying
LSF
LAIRD SUPERFOOD INC
United States
$9.62M9,343,6438.53%40.01%Net SellingNet Selling
SNAX
STRYVE FOODS INC
United States
$7.56M2,258,77325.84%74.16%Net BuyingNet Buying
SOVO
SOVOS BRANDS INC
United States
$2.29B101,318,24527.56%72.44%Net SellingNet Selling
WEST
WESTROCK COFFEE CO
United States
$794.20M87,611,16531.35%67.58%Net BuyingNet Buying
BOF
BRANCHOUT FOOD INC
United States
$8.40M3,962,9401.72%27.46%Net Buying
BGS
B&G FOODS INC
United States
$746.05M72,291,57363.13%3.89%Net Selling
RIBT
RICEBRAN TECHNOLOGIES
United States
$2.79M6,607,7760.78%99.22%
PAVS
PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
China
$31.68M8,336,9300.38%0.00%
SMFL
SMART FOR LIFE INC
United States
$1.65M1,849,5424.64%95.36%Net Selling
YGF
YANGUFANG INTERNATIONAL GROUP CO LTD
China
$108.49M32,875,0000.00%0.00%
STKH
STEAKHOLDER FOODS LTD
Israel
$19.08M212,010,0000.46%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.
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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.