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Best Grocery Store Stocks to Buy Now (2023)
Top grocery store stocks in 2023 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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
IMKTA
INGLES MARKETS INC
$1.68B$88.70N/AN/AN/AN/AN/AN/AN/AN/A
CASY
CASEYS GENERAL STORES INC
$8.07B$216.46$263.4321.70%Strong Buy7N/AN/AN/AN/A
WMK
WEIS MARKETS INC
$2.28B$84.67N/AN/AN/AN/AN/AN/AN/AN/A
VLGEA
VILLAGE SUPER MARKET INC
$332.02M$22.88N/AN/AN/AN/AN/AN/AN/AN/A
SFM
SPROUTS FARMERS MARKET INC
$3.61B$35.03$32.50-7.22%Hold8N/AN/AN/AN/A
KR
KROGER CO
$35.42B$49.37$52.626.57%Buy13N/AN/AN/AN/A
ACI
ALBERTSONS COMPANIES INC
$11.13B$20.78$25.0320.46%Hold9N/AN/AN/AN/A
NGVC
NATURAL GROCERS BY VITAMIN COTTAGE INC
$267.02M$11.75N/AN/AN/AN/AN/AN/AN/AN/A
GO
GROCERY OUTLET HOLDING CORP
$2.76B$28.26$30.507.93%Hold4N/AN/AN/AN/A
DDL
DINGDONG (CAYMAN) LTD
$912.29M$3.86$7.5094.30%Strong Buy1N/AN/AN/AN/A
DNUT
KRISPY KREME INC
$2.61B$15.55$15.50-0.32%Buy4N/AN/AN/AN/A
MF
MISSFRESH LTD
$9.87M$1.27N/AN/AN/AN/AN/AN/AN/AN/A

Grocery Store Stocks FAQ

What are the best grocery store stocks to buy right now in Apr 2023?

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 53, which is 21 points higher than the grocery store industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ingles Markets has seen its stock lose -0.39% over the past year, overperforming other grocery store stocks by 4 percentage points.

2. Caseys General Stores (NASDAQ:CASY)


Caseys General Stores (NASDAQ:CASY) is the second best grocery store stock with a Zen Score of 47, which is 15 points higher than the grocery store industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Caseys General Stores has seen its stock return 9.23% over the past year, overperforming other grocery store stocks by 13 percentage points.

Caseys General Stores has an average 1 year price target of $263.43, an upside of 21.7% from Caseys General Stores's current stock price of $216.46.

Caseys General Stores stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Caseys General Stores, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Weis Markets (NYSE:WMK)


Weis Markets (NYSE:WMK) is the third best grocery store stock with a Zen Score of 44, which is 12 points higher than the grocery store industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Weis Markets has seen its stock return 18.55% over the past year, overperforming other grocery store stocks by 23 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. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) has an annual dividend yield of 4.37%, which is 3 percentage points higher than the grocery store industry average of 1.87%. 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 39.7% indicates that its dividend yield is sustainable for the long-term.

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


Natural Grocers By Vitamin Cottage (NYSE:NGVC) has an annual dividend yield of 3.4%, which is 2 percentage points higher than the grocery store industry average of 1.87%.

Natural Grocers By Vitamin Cottage's dividend payout ratio of 54.8% 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 2.01%, which is the same as the grocery store industry average of 1.87%. 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 31.9% indicates that its dividend yield is sustainable for the long-term.

Why are grocery store stocks up?

Grocery store stocks were up 1.02% in the last day, and up 2.51% 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 86, which is 50 points higher than the grocery store industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Ingles Markets's stock has dropped -0.39% in the past year. It has overperformed other stocks in the grocery store industry by 4 percentage points.

2. Albertsons Companies (NYSE:ACI)


Albertsons Companies (NYSE:ACI) is the second most undervalued grocery store stock based on WallStreetZen's Valuation Score. Albertsons Companies 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.

Albertsons Companies's stock has dropped -37.5% in the past year. It has underperformed other stocks in the grocery store industry by -33 percentage points.

3. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) is the third most undervalued grocery store stock based on WallStreetZen's Valuation Score. Village Super Market 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.

Village Super Market's stock has dropped -6.61% in the past year. It has underperformed other stocks in the grocery store industry by -2 percentage points.

Are grocery store stocks a good buy now?

42.86% of grocery store stocks rated by analysts are a hold right now. On average, analysts expect grocery store stocks to rise by 15.64% 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 8.95x.
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.