The Best Grocery Stock Today
Consumer goods analyst Austin Smith believes Whole Foods Market is the best grocery stock out there. Third-quarter profits are up 32%, and shares are nearing 52-week highs, but shares do look expensive. Its growth is comparable to Starbucks, which trades at a much lower multiple. A few other headwinds for Whole Foods include notoriously slim margins in groceries, no international exposure, and plenty of other competitors.
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The article The Best Grocery Stock Today originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Starbucks and Whole Foods Market. Motley Fool newsletter services recommend Starbucks and Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.