Natural Grocers (NGVC), Others Expected to Benefit from Teen Organic Trend (WFM) (SFM) (WWAV) (HAIN) (BDBD)
Get Alerts NGVC Hot Sheet
Rating Summary:
8 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Piper Jaffray analyst Sean Naughton highlighted Natural Grocers (NYSE: NGVC) as a play on the trend of teens embracing organic food.
Piper Jaffray's 29th Semi-Annual Taking Stock With Teens survey showed 44% of teens are eating organic food at home, an acceleration from the 41% figure they survey observed in Fall 2014 and the 40% figure observed in Spring 2014.
In addition, 50% of teens believed they will consume more organic food over the next 6 months, the highest in their 4-year history.
Grocers expected to benefit from the trend are Natural Grocers, Sprouts Farmers Market (NASDAQ: SFM) and Whole Foods Market (NASDAQ: WFM).
terms of packaged food brands, they believe WhiteWave Foods (NYSE: WWAV), Hain Celestial (NASDAQ: HAIN) and Boulder Brands (NASDAQ: BDBD) will benefit.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Upgrades Citizen Watch (7762:JP) to Buy
- Hennes & Mauritz AB (HMB:SS) (HNNMY) PT Raised to SEK190 at RBC Capital, 'showing some promising signs '
- UniFirst Corp (UNF) PT Raised to $186 at UBS
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Piper JaffraySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!