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Shares of Casey'S General Rank the Highest in Terms of Forward P/E Ratio in the Food Retail Industry (CASY, NGVC, SFM, IMKTA, KR)

By Nick Russo

Below are the three companies in the Food Retail industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Casey'S General ranks highest with a a forward P/E ratio of 34.04. Natural Grocers is next with a a forward P/E ratio of 31.91. Sprouts Farmers ranks third highest with a a forward P/E ratio of 12.41.

Ingles Markets-A follows with a a forward P/E ratio of 10.59, and Kroger Co rounds out the top five with a a forward P/E ratio of 9.84.

SmarTrend recommended that subscribers consider buying shares of Casey'S General on April 12th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $132.18. Since that recommendation, shares of Casey'S General have risen 26.0%. We continue to monitor Casey'S General for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio :casy casey's general natural grocers sprouts farmers ingles markets-a kroger co