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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
VLGEA
VILLAGE SUPER MARKET INC
$388.25M$26.22N/AN/AN/AN/AN/AN/AN/AN/A
IMKTA
INGLES MARKETS INC
$1.45B$76.27N/AN/AN/AN/AN/AN/AN/AN/A
GO
GROCERY OUTLET HOLDING CORP
$2.62B$26.38$29.3311.19%Hold69.37%25.00%9.03%3.71%
NGVC
NATURAL GROCERS BY VITAMIN COTTAGE INC
$375.19M$16.49N/AN/AN/AN/AN/AN/AN/AN/A
WMK
WEIS MARKETS INC
$1.73B$64.24N/AN/AN/AN/AN/AN/AN/AN/A
KR
KROGER CO
$35.37B$49.16$51.003.74%Buy61.05%37.00%N/AN/A
SFM
SPROUTS FARMERS MARKET INC
$6.42B$63.39$50.33-20.60%Buy37.75%0.39%N/AN/A
ACI
ALBERTSONS COMPANIES INC
$11.66B$20.25$25.5626.24%Buy41.35%10.81%66.33%6.33%
DDL
DINGDONG (CAYMAN) LTD
$251.44M$1.16N/AN/AN/AN/A9.92%N/AN/AN/A
ASAI
SENDAS DISTRIBUTOR SA
$3.83B$14.16N/AN/AN/AN/A16.47%-28.17%N/AN/A
MSS
MAISON SOLUTIONS INC
$30.13M$1.53N/AN/AN/AN/AN/AN/AN/AN/A
DNUT
KRISPY KREME INC
$2.10B$12.47$14.1313.27%Hold45.16%N/AN/AN/A

Grocery Store Stocks FAQ

What are the best grocery store stocks to buy right now in Mar 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 18 points higher than the grocery store industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ingles Markets has seen its stock lose -15.24% over the past year, underperforming other grocery store stocks by -19 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 18 points higher than the grocery store industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Village Super Market has seen its stock return 16.95% over the past year, overperforming other grocery store stocks by 13 percentage points.

3. Grocery Outlet Holding (NASDAQ:GO)


Grocery Outlet Holding (NASDAQ:GO) is the third best grocery store stock with a Zen Score of 41, which is 9 points higher than the grocery store industry average of 32. It passed 13 out of 33 due diligence checks and has strong fundamentals. Grocery Outlet Holding has seen its stock lose -0.23% over the past year, underperforming other grocery store stocks by -4 percentage points.

Grocery Outlet Holding has an average 1 year price target of $29.33, an upside of 11.19% from Grocery Outlet Holding's current stock price of $26.38.

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.

What are the grocery store stocks with highest dividends?

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:

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


Natural Grocers By Vitamin Cottage (NYSE:NGVC) has an annual dividend yield of 8.49%, which is 6 percentage points higher than the grocery store industry average of 2.72%. 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.

2. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) has an annual dividend yield of 3.81%, which is 1 percentage points higher than the grocery store industry average of 2.72%. 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 2.3%, which is the same as the grocery store industry average of 2.72%. 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 down?

Grocery store stocks were down -0.56% in the last day, and up 1.72% over the last week.

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

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 62 points higher than the grocery store industry average of 38. It passed 7 out of 7 valuation due diligence checks.

Ingles Markets's stock has dropped -15.24% in the past year. It has underperformed other stocks in the grocery store industry by -19 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 33 points higher than the grocery store industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Village Super Market's stock has gained 16.95% in the past year. It has overperformed other stocks in the grocery store industry by 13 percentage points.

3. Albertsons Companies (NYSE:ACI)


Albertsons Companies (NYSE:ACI) is the third most undervalued grocery store stock based on WallStreetZen's Valuation Score. Albertsons Companies has a valuation score of 57, which is 19 points higher than the grocery store industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Albertsons Companies's stock has gained 1.91% 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?

60% of grocery store stocks rated by analysts are a buy right now. On average, analysts expect grocery store stocks to fall by -0.76% 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 15.81x.
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