The Zacks Analyst Blog Highlights: BRF, J & J Snack Foods, Beyond Meat And MGP
Zacks Investment Research | Sep 08, 2019 11:24PM ET
For Immediate Release
Chicago, IL –September 9, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BRF S.A. (NYSE:BRFS) , J & J Snack Foods Corp. (NASDAQ:JJSF) , Beyond Meat, Inc. (NASDAQ:BYND) and MGP Ingredients, Inc. (NASDAQ:MGPI) .
Here are highlights from Friday’s Analyst Blog:
4 Food Retailers with Bite
The Food-Miscellaneous industry within the Consumer Staples sector has returned 16.5% to date. However, the industry, being in the top 41% of Zacks classified industries, remains attractive for investment.
Companies in the industry are built on innovation, as food tastes and preferences are a constantly evolving thing. Health consciousness, organic farming, local and responsible sourcing, freshness, environmental concerns among other things play a role in consumer choices.
And these affect the entire spectrum of food consumed, from dairy, snacks and spices to ready-to-cook meals.
There’s also the matter of millennials getting older and beginning to make a difference in the way the world functions. As far as food is concerned, millennials are interested in quality, speed and price. And from what we can tell from people who study their food habits, very few like to cook. Of those that do, their idea of cooking is a simple recipe that doesn’t take longer than 20-30 minutes. And they don’t like grocery shopping.
All of the above make the job difficult for miscellaneous food companies, but also increase opportunities for them. Particularly because they don’t operate in vacuum, so economic factors like rising cost of inputs and packaging materials, freight and logistics issues also impact them.
The scope for innovation is the biggest positive for these companies and the reason why we still have buy ratings on so many of them. Here are a few with a lot of promise, if you’re considering investment in the space. Otherwise, just head over to Zacks Investment Research
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