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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
VLGEA
VILLAGE SUPER MARKET INC
$422.95M3.50%25.40%$0.2500$1.0063%02024-04-032024-04-25
IMKTA
INGLES MARKETS INC
$1.46B0.86%6.60%$0.1650$0.6616%0
WMK
WEIS MARKETS INC
$1.73B2.11%35.20%$0.3400$1.3642%0
NGVC
NATURAL GROCERS BY VITAMIN COTTAGE INC
$410.68M7.76%119.70%$0.1000$1.4090%1
GO
GROCERY OUTLET HOLDING CORP
$2.86BN/A0.00%N/AN/AN/AN/A
KR
KROGER CO
$41.10B1.98%42.30%$0.2900$1.1340%22024-05-142024-06-01
SFM
SPROUTS FARMERS MARKET INC
$6.53BN/A0.00%N/AN/AN/AN/A
ACI
ALBERTSONS COMPANIES INC
$12.35B1.12%20.30%$0.1200$0.2422%0
DDL
DINGDONG (CAYMAN) LTD
$264.45MN/A0.00%N/AN/AN/AN/A
MSS
MAISON SOLUTIONS INC
$26.78MN/A0.00%N/AN/AN/AN/A
ASAI
SENDAS DISTRIBUTOR SA
$3.99BN/A9.60%$0.1245N/AN/A1
DNUT
KRISPY KREME INC
$2.57B0.23%-45.70%$0.0350$0.043%0

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. Village Super Market (NASDAQ:VLGEA)


Village Super Market (NASDAQ:VLGEA) is the top grocery store stock with a Zen Score of 55, which is 22 points higher than the grocery store industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Village Super Market has seen its stock return 25.21% over the past year, overperforming other grocery store stocks by 21 percentage points.

2. Ingles Markets (NASDAQ:IMKTA)


Ingles Markets (NASDAQ:IMKTA) is the second best grocery store stock with a Zen Score of 50, which is 17 points higher than the grocery store industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ingles Markets has seen its stock lose -13.52% over the past year, underperforming other grocery store stocks by -18 percentage points.

3. Weis Markets (NYSE:WMK)


Weis Markets (NYSE:WMK) is the third best grocery store stock with a Zen Score of 42, which is 9 points higher than the grocery store industry average of 33. It passed 14 out of 38 due diligence checks and has strong fundamentals. Weis Markets has seen its stock lose -24.35% over the past year, underperforming other grocery store stocks by -29 percentage points.

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 7.76%, which is 5 percentage points higher than the grocery store industry average of 2.51%. 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 3.5%, which is 1 percentage points higher than the grocery store industry average of 2.51%. 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. Weis Markets (NYSE:WMK)


Weis Markets (NYSE:WMK) has an annual dividend yield of 2.11%, which is the same as the grocery store industry average of 2.51%. Weis Markets's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Weis Markets's dividend has shown consistent growth over the last 10 years.

Weis Markets's dividend payout ratio of 35.2% indicates that its dividend yield is sustainable for the long-term.

Why are grocery store stocks up?

Grocery store stocks were up 0.59% in the last day, and up 1.82% 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 61 points higher than the grocery store industry average of 39. It passed 7 out of 7 valuation due diligence checks.

Ingles Markets's stock has dropped -13.52% 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 100, which is 61 points higher than the grocery store industry average of 39. It passed 7 out of 7 valuation due diligence checks.

Village Super Market's stock has gained 25.21% in the past year. It has overperformed other stocks in the grocery store industry by 21 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 18 points higher than the grocery store industry average of 39. It passed 4 out of 7 valuation due diligence checks.

Natural Grocers By Vitamin Cottage's stock has gained 62.47% in the past year. It has overperformed other stocks in the grocery store industry by 58 percentage points.

Are grocery store stocks a good buy now?

50% of grocery store stocks rated by analysts are a buy right now. On average, analysts expect grocery store stocks to fall by -1.07% 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 17.18x.
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.