Grocery Stocks To Consider - November 3rd

Key Points

• MarketBeat identified seven grocery-related stocks to watch: Maplebear (Instacart), BBB Foods, CAVA Group, Casey’s General Stores, Conagra Brands, BJ’s Wholesale Club, and Albertsons Companies.
• Trading was mixed: Maplebear and BBB Foods rose, while CAVA, Conagra, BJ’s, and Albertsons declined; Casey’s was nearly unchanged.
• The stocks span online grocery delivery, supermarkets, convenience stores, packaged foods, restaurants, and warehouse clubs, offering exposure to relatively defensive consumer demand but with risks from inflation, labor costs, competition, debt, and narrow margins.

Maplebear, BBB Foods, CAVA Group, Casey's General Stores, Conagra Brands, BJ's Wholesale Club, and Albertsons Companies are the seven Grocery stocks to watch today, according to MarketBeat's stock screener tool. Grocery stocks are shares of publicly traded companies involved in selling food and household essentials, including supermarket chains, grocery distributors, and food retailers. Investors often view them as defensive or consumer-staples investments because demand tends to remain relatively steady, though profitability can be affected by inflation, labor costs, competition, and thin operating margins. These companies had the highest dollar trading volume of any Grocery stocks within the last several days.

Maplebear (CART)

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.

CART traded up $0.62 during trading on Tuesday, hitting $58.22. The company's stock had a trading volume of 2,760,968 shares, compared to its average volume of 4,747,759. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 1.15 and a beta of 0.87. The business's fifty day simple moving average is $49.20 and its 200 day simple moving average is $43.39. Maplebear has a twelve month low of $32.73 and a twelve month high of $62.00.

Read Our Latest Research Report on CART

BBB Foods (TBBB)

BBB Foods Inc., through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins.

Shares of TBBB traded up $4.90 during mid-day trading on Tuesday, hitting $61.87. 1,754,830 shares of the company were exchanged, compared to its average volume of 691,520. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of -38.54 and a beta of 0.02. BBB Foods has a 1-year low of $25.84 and a 1-year high of $62.74. The company has a 50 day moving average of $53.34 and a 200-day moving average of $41.98. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68.

Read Our Latest Research Report on TBBB

CAVA Group (CAVA)

Shares of NYSE:CAVA traded down $1.55 during trading on Tuesday, reaching $60.50. The stock had a trading volume of 1,647,979 shares, compared to its average volume of 3,344,315. CAVA Group has a 1-year low of $43.41 and a 1-year high of $98.79. The stock has a market cap of $7.07 billion, a PE ratio of 109.63, a PEG ratio of 4.32 and a beta of 1.80. The business has a fifty day moving average price of $56.43 and a 200-day moving average price of $71.30.

Read Our Latest Research Report on CAVA

Casey's General Stores (CASY)

Casey's General Stores, Inc. engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

Shares of Casey's General Stores stock traded up $0.06 on Tuesday, hitting $668.23. 145,622 shares of the company were exchanged, compared to its average volume of 519,326. The company has a 50-day moving average price of $669.30 and a 200 day moving average price of $740.05. The stock has a market capitalization of $24.70 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.59. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. Casey's General Stores has a 1-year low of $511.32 and a 1-year high of $927.85.

Read Our Latest Research Report on CASY

Conagra Brands (CAG)

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.

NYSE:CAG traded down $0.39 on Tuesday, reaching $14.40. The company's stock had a trading volume of 5,595,513 shares, compared to its average volume of 14,577,586. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of -3.62 and a beta of 0.02. The stock has a 50 day moving average price of $14.65 and a 200 day moving average price of $15.31. The company has a quick ratio of 0.39, a current ratio of 1.10 and a debt-to-equity ratio of 1.08.

Read Our Latest Research Report on CAG

BJ's Wholesale Club (BJ)

BJ's Wholesale Club Holdings, Inc. engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.

NYSE:BJ traded down $0.91 during trading hours on Tuesday, reaching $109.76. 413,040 shares of the stock were exchanged, compared to its average volume of 1,980,879. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.04 and a beta of 0.17. The company has a quick ratio of 0.19, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $96.77 and a two-hundred day moving average of $94.59. BJ's Wholesale Club has a twelve month low of $83.21 and a twelve month high of $110.94.

Read Our Latest Research Report on BJ

Albertsons Companies (ACI)

Albertsons Companies, Inc., through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.

Albertsons Companies stock traded down $0.23 during mid-day trading on Tuesday, reaching $13.48. 2,051,710 shares of the company's stock were exchanged, compared to its average volume of 7,858,996. Albertsons Companies has a twelve month low of $10.86 and a twelve month high of $18.83. The company has a market cap of $6.34 billion, a P/E ratio of -122.54, a P/E/G ratio of 2.25 and a beta of 0.40. The company has a quick ratio of 0.21, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The company has a fifty day moving average of $12.51 and a 200-day moving average of $14.94.

Read Our Latest Research Report on ACI

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