According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best grocery store stocks to buy right now are:
1. Ingles Markets (NASDAQ:IMKTA)
The Component Grade breakdown for Ingles Markets (NASDAQ:IMKTA) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: A, Financials: B, and AI: C.
Ingles Markets (NASDAQ:IMKTA) has a Due Diligence Score of 38, which is 2 points higher than the grocery store industry average of 36.
IMKTA passed 13 out of 38 due diligence checks and has average fundamentals. Ingles Markets has seen its stock return 52.03% over the past year, overperforming other grocery store stocks by 63 percentage points.
2. Kroger Co (NYSE:KR)
Kroger Co (NYSE:KR) is the #2 top grocery store stock out of 12 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Kroger Co (NYSE:KR) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: B, Financials: B, and AI: C.
Kroger Co (NYSE:KR) has a Due Diligence Score of 29, which is -7 points lower than the grocery store industry average of 36. Although this number is below the industry average, our proven quant model rates KR as a "B".
KR passed 10 out of 38 due diligence checks and has average fundamentals. Kroger Co has seen its stock lose -0.54% over the past year, overperforming other grocery store stocks by 10 percentage points.
Kroger Co has an average 1 year
price target of $74.56, an upside of 15.22% from Kroger Co's current stock price of $64.71.
Kroger Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Kroger Co, 22.22% have issued a Strong Buy rating, 22.22% have issued a Buy, 55.56% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Albertsons Companies (NYSE:ACI)
The Component Grade breakdown for Albertsons Companies (NYSE:ACI) is: Value: B, Growth: C, Momentum: D, Sentiment: C, Safety: C, Financials: C, and AI: C.
Albertsons Companies (NYSE:ACI) has a Due Diligence Score of 38, which is 2 points higher than the grocery store industry average of 36.
ACI passed 13 out of 38 due diligence checks and has average fundamentals. Albertsons Companies has seen its stock lose -27.99% over the past year, underperforming other grocery store stocks by -17 percentage points.
Albertsons Companies has an average 1 year
price target of $20.20, an upside of 31.08% from Albertsons Companies's current stock price of $15.41.
Albertsons Companies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Albertsons Companies, 40% have issued a Strong Buy rating, 30% have issued a Buy, 10% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.