WallStreetZenWallStreetZen

Best Grocery Store Stocks to Buy Now (2024)
Top grocery store stocks in 2024 ranked by overall Zen Score. See the best grocery store stocks to buy now, according to analyst forecasts for the grocery stores industry.

Industry: Grocery Stores
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
VLGEA
VILLAGE SUPER MARKET INC
NASDAQ
Grocery Stores
$395.36M$26.700.04%$113.50M7.03x1.33
IMKTA
INGLES MARKETS INC
NASDAQ
Grocery Stores
$1.44B$75.87-1.45%$388.22M7.63x0.64
NGVC
NATURAL GROCERS BY VITAMIN COTTAGE INC
NYSE
Grocery Stores
$361.76M$15.900.82%$65.35M13.59x3.31
WMK
WEIS MARKETS INC
NYSE
Grocery Stores
$1.65B$61.412.25%$255.13M15.91x0.48
GO
GROCERY OUTLET HOLDING CORP
NASDAQ
Grocery Stores
$2.59B$26.15-1.21%$208.42M32.69x1.44
KR
KROGER CO
NYSE
Grocery Stores
$34.91B$48.530.33%$6.69B18.67x3.55
SFM
SPROUTS FARMERS MARKET INC
NASDAQ
Grocery Stores
$6.26B$61.861.51%$615.25M24.45x1.90
ACI
ALBERTSONS COMPANIES INC
NYSE
Grocery Stores
$11.81B$20.50-1.44%$4.55B8.65x9.48
ASAI
SENDAS DISTRIBUTOR SA
NYSE
Grocery Stores
$3.81B$14.11-5.17%$1.01B26.67x8.33
MSS
MAISON SOLUTIONS INC
NASDAQ
Grocery Stores
$31.70M$1.611.90%N/AN/A3.55
DNUT
KRISPY KREME INC
NASDAQ
Grocery Stores
$2.16B$12.780.47%$133.96M-55.57x1.69
DDL
DINGDONG (CAYMAN) LTD
NYSE
Grocery Stores
$277.59M$1.286.67%N/A-44.14x19.35

Grocery Store Stocks FAQ

What are the best grocery store stocks to buy right now in Feb 2024?

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

1. Ingles Markets (NASDAQ:IMKTA)


Ingles Markets (NASDAQ:IMKTA) is the top grocery store stock with a Zen Score of 50, which is 20 points higher than the grocery store industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ingles Markets has seen its stock lose -15.13% over the past year, underperforming other grocery store stocks by -18 percentage points.

2. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) is the second best grocery store stock with a Zen Score of 50, which is 20 points higher than the grocery store industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Village Super Market has seen its stock return 19.57% over the past year, overperforming other grocery store stocks by 17 percentage points.

3. Natural Grocers By Vitamin Cottage (NYSE:NGVC)


Natural Grocers By Vitamin Cottage (NYSE:NGVC) is the third best grocery store stock with a Zen Score of 45, which is 15 points higher than the grocery store industry average of 30. It passed 16 out of 38 due diligence checks and has strong fundamentals. Natural Grocers By Vitamin Cottage has seen its stock return 44.81% over the past year, overperforming other grocery store stocks by 42 percentage points.

What are the grocery store stocks with highest dividends?

Out of 6 grocery store stocks that have issued dividends in the past year, the 3 grocery store stocks with the highest dividend yields are:

1. Natural Grocers By Vitamin Cottage (NYSE:NGVC)


Natural Grocers By Vitamin Cottage (NYSE:NGVC) has an annual dividend yield of 8.18%, which is 5 percentage points higher than the grocery store industry average of 2.68%. Natural Grocers By Vitamin Cottage's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Natural Grocers By Vitamin Cottage's dividend has shown consistent growth over the last 10 years.

Natural Grocers By Vitamin Cottage's dividend payout ratio of 119.7% indicates that its high dividend yield might not be sustainable for the long-term.

2. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) has an annual dividend yield of 3.75%, which is 1 percentage points higher than the grocery store industry average of 2.68%. Village Super Market's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Village Super Market's dividend has not shown consistent growth over the last 10 years.

Village Super Market's dividend payout ratio of 26.3% indicates that its dividend yield is sustainable for the long-term.

3. Kroger Co (NYSE:KR)


Kroger Co (NYSE:KR) has an annual dividend yield of 2.33%, which is the same as the grocery store industry average of 2.68%. Kroger Co's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Kroger Co's dividend has shown consistent growth over the last 10 years.

Kroger Co's dividend payout ratio of 42.3% indicates that its dividend yield is sustainable for the long-term.

Why are grocery store stocks up?

Grocery store stocks were up 0.06% in the last day, and up 2.84% over the last week.

We couldn't find a catalyst for why grocery store stocks are up.

What are the most undervalued grocery store stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued grocery store stocks right now are:

1. Ingles Markets (NASDAQ:IMKTA)


Ingles Markets (NASDAQ:IMKTA) is the most undervalued grocery store stock based on WallStreetZen's Valuation Score. Ingles Markets has a valuation score of 100, which is 64 points higher than the grocery store industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Ingles Markets's stock has dropped -15.13% in the past year. It has underperformed other stocks in the grocery store industry by -18 percentage points.

2. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) is the second most undervalued grocery store stock based on WallStreetZen's Valuation Score. Village Super Market has a valuation score of 71, which is 35 points higher than the grocery store industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Village Super Market's stock has gained 19.57% in the past year. It has overperformed other stocks in the grocery store industry by 17 percentage points.

3. Natural Grocers By Vitamin Cottage (NYSE:NGVC)


Natural Grocers By Vitamin Cottage (NYSE:NGVC) is the third most undervalued grocery store stock based on WallStreetZen's Valuation Score. Natural Grocers By Vitamin Cottage has a valuation score of 57, which is 21 points higher than the grocery store industry average of 36. It passed 4 out of 7 valuation due diligence checks.

Natural Grocers By Vitamin Cottage's stock has gained 44.81% in the past year. It has overperformed other stocks in the grocery store industry by 42 percentage points.

Are grocery store stocks a good buy now?

60% of grocery store stocks rated by analysts are a buy right now. On average, analysts expect grocery store stocks to rise by 0.31% over the next year.

What is the average p/e ratio of the grocery stores industry?

The average P/E ratio of the grocery stores industry is 15.32x.
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.