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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
VLGEA
VILLAGE SUPER MARKET INC
$371.65M$2.20B$116.81M$52.38M$3.943.88%6.01%56.35%13.85%
SFM
SPROUTS FARMERS MARKET INC
$7.77B$6.99B$663.21M$296.80M$2.927.57%5.55%24.79%19.87%2024-07-30
IMKTA
INGLES MARKETS INC
$1.32B$5.87B$377.85M$176.19M$9.491.44%7.13%-28.81%18.51%2024-08-01
WMK
WEIS MARKETS INC
$1.70B$4.73B$252.25M$101.18M$3.75-0.14%6.15%-15.73%10.66%2024-08-05
KR
KROGER CO
$36.24B$150.04B$7.02B$2.16B$2.991.20%4.25%-3.55%-4.68%
GO
GROCERY OUTLET HOLDING CORP
$2.12B$4.04B$185.72M$64.69M$0.658.86%11.51%-5.80%24.19%2024-08-06
NGVC
NATURAL GROCERS BY VITAMIN COTTAGE INC
$465.41M$1.19B$68.73M$28.67M$1.267.47%6.10%77.46%22.33%2024-08-01
ASAI
SENDAS DISTRIBUTOR SA
$2.69B$13.48B$1.01B$137.13M$0.5121.26%N/A-33.59%N/A2024-08-08
ACI
ALBERTSONS COMPANIES INC
$11.29B$79.24B$4.53B$1.30B$2.252.05%5.53%-1.75%57.79%2024-07-23
DDL
DINGDONG (CAYMAN) LTD
$424.91M$2.77BN/A-$4.90M-$0.02-19.74%N/AN/AN/A
MSS
MAISON SOLUTIONS INC
$28.55M$55.30M$786.09k-$231.25k-$0.016.09%N/AN/AN/A
DNUT
KRISPY KREME INC
$1.90B$1.71B$137.07M-$46.16M-$0.288.47%N/AN/AN/A2024-08-10

Grocery Store Stocks FAQ

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

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

1. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) is the top grocery store stock with a Zen Score of 53, which is 19 points higher than the grocery store industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Village Super Market has seen its stock return 12.03% over the past year, overperforming other grocery store stocks by 4 percentage points.

2. Ingles Markets (NASDAQ:IMKTA)


Ingles Markets (NASDAQ:IMKTA) is the second best grocery store stock with a Zen Score of 48, which is 14 points higher than the grocery store industry average of 34. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ingles Markets has seen its stock lose -17.22% over the past year, underperforming other grocery store stocks by -25 percentage points.

3. Sprouts Farmers Market (NASDAQ:SFM)


Sprouts Farmers Market (NASDAQ:SFM) is the third best grocery store stock with a Zen Score of 48, which is 14 points higher than the grocery store industry average of 34. It passed 16 out of 33 due diligence checks and has strong fundamentals. Sprouts Farmers Market has seen its stock return 133.05% over the past year, overperforming other grocery store stocks by 125 percentage points.

Sprouts Farmers Market has an average 1 year price target of $62.20, a downside of -19.59% from Sprouts Farmers Market's current stock price of $77.35.

Sprouts Farmers Market stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Sprouts Farmers Market, 20% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 20% have issued a Sell rating, and 20% 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 6.37%, which is 4 percentage points higher than the grocery store industry average of 2.47%. 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 111.1% 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 3.98%, which is 2 percentage points higher than the grocery store industry average of 2.47%. 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.

3. Kroger Co (NYSE:KR)


Kroger Co (NYSE:KR) has an annual dividend yield of 2.31%, which is the same as the grocery store industry average of 2.47%. 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.

Why are grocery store stocks up?

Grocery store stocks were up 0.31% in the last day, and up 0.36% 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 -17.22% in the past year. It has underperformed other stocks in the grocery store industry by -25 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 100, which is 64 points higher than the grocery store industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Village Super Market's stock has gained 12.03% in the past year. It has overperformed other stocks in the grocery store industry by 4 percentage points.

3. Sendas Distributor Sa (NYSE:ASAI)


Sendas Distributor Sa (NYSE:ASAI) is the third most undervalued grocery store stock based on WallStreetZen's Valuation Score. Sendas Distributor Sa has a valuation score of 43, which is 7 points higher than the grocery store industry average of 36. It passed 3 out of 7 valuation due diligence checks.

Sendas Distributor Sa's stock has dropped -29.18% in the past year. It has underperformed other stocks in the grocery store industry by -37 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 8.28% 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 14.56x.
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.