Sectors & IndustriesConsumer DefensiveGrocery Stores

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.

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

Village Super Market (NASDAQ:VLGEA) is the top grocery store stock with a Zen Score of 53, which is 20 points higher than the grocery store industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Village Super Market has seen its stock return 37.2% over the past year, overperforming other grocery store stocks by 29 percentage points.

Ingles Markets (NASDAQ:IMKTA) is the second best grocery store stock with a Zen Score of 48, which is 15 points higher than the grocery store industry average of 33. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ingles Markets has seen its stock lose -11.53% over the past year, underperforming other grocery store stocks by -20 percentage points.

Grocery Outlet Holding (NASDAQ:GO) is the third best grocery store stock with a Zen Score of 44, which is 11 points higher than the grocery store industry average of 33. It passed 14 out of 33 due diligence checks and has strong fundamentals. Grocery Outlet Holding has seen its stock lose -14.48% over the past year, underperforming other grocery store stocks by -23 percentage points.

Grocery Outlet Holding has an average 1 year price target of $29.33, an upside of 13.65% from Grocery Outlet Holding's current stock price of $25.81.

Grocery Outlet Holding stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Grocery Outlet Holding, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

Out of 5 grocery store stocks that have issued dividends in the past year, the 3 grocery store stocks with the highest dividend yields are:

Natural Grocers By Vitamin Cottage (NYSE:NGVC) has an annual dividend yield of 7.9%, which is 5 percentage points higher than the grocery store industry average of 2.48%. Natural Grocers By Vitamin Cottage's dividend payout is not stable, having dropped more than 10% one times 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.

Village Super Market (NASDAQ:VLGEA) has an annual dividend yield of 3.45%, which is 1 percentage points higher than the grocery store industry average of 2.48%. 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 25.4% indicates that its dividend yield is sustainable for the long-term.

Kroger Co (NYSE:KR) has an annual dividend yield of 2.05%, which is the same as the grocery store industry average of 2.48%. 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 37.8% indicates that its dividend yield is sustainable for the long-term.

Grocery store stocks were up 0.77% in the last day, and up 2.24% over the last week.

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

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

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 63 points higher than the grocery store industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Ingles Markets's stock has dropped -11.53% in the past year. It has underperformed other stocks in the grocery store industry by -20 percentage points.

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 100, which is 63 points higher than the grocery store industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Village Super Market's stock has gained 37.2% in the past year. It has overperformed other stocks in the grocery store industry by 29 percentage points.

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 20 points higher than the grocery store industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Natural Grocers By Vitamin Cottage's stock has gained 61.38% in the past year. It has overperformed other stocks in the grocery store industry by 53 percentage points.