Sectors & IndustriesConsumer DefensiveGrocery Stores

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.

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

Village Super Market (NASDAQ:VLGEA) 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 19 out of 38 due diligence checks and has strong fundamentals. Village Super Market has seen its stock return 41.4% over the past year, overperforming other grocery store stocks by 31 percentage points.

Ingles Markets (NASDAQ:IMKTA) is the second best grocery store stock with a Zen Score of 48, which is 16 points higher than the grocery store industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ingles Markets has seen its stock lose -9.95% over the past year, underperforming other grocery store stocks by -20 percentage points.

Weis Markets (NYSE:WMK) is the third best grocery store stock with a Zen Score of 40, which is 8 points higher than the grocery store industry average of 32. It passed 13 out of 38 due diligence checks and has average fundamentals. Weis Markets has seen its stock lose -8.97% over the past year, underperforming other grocery store stocks by -19 percentage points.

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:

Natural Grocers By Vitamin Cottage (NYSE:NGVC) has an annual dividend yield of 7.17%, which is 5 percentage points higher than the grocery store industry average of 2.36%. 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.

Village Super Market (NASDAQ:VLGEA) has an annual dividend yield of 3.36%, which is 1 percentage points higher than the grocery store industry average of 2.36%. 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.

Weis Markets (NYSE:WMK) has an annual dividend yield of 2.09%, which is the same as the grocery store industry average of 2.36%. 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 27.2% indicates that its dividend yield is sustainable for the long-term.

Grocery store stocks were up 1.28% in the last day, and up 1.2% over the last week.

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

Based on WallStreetZen's Valuation Score, the 3 most undervalued grocery store stocks right now are:

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 -9.95% in the past year. It has underperformed other stocks in the grocery store industry by -20 percentage points.

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 41.4% in the past year. It has overperformed other stocks in the grocery store industry by 31 percentage points.

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 21 points higher than the grocery store industry average of 36. It passed 4 out of 7 valuation due diligence checks.

Natural Grocers By Vitamin Cottage's stock has gained 73.67% in the past year. It has overperformed other stocks in the grocery store industry by 64 percentage points.