ETFs Benefit From Egg-Straordinary Surge In Grocery Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Benzinga
Grocery Stocks Benefiting from Inflation: Rising inflation, particularly in grocery prices and egg production, has led to significant stock price increases for companies like Vital Farms and Cal-Maine Foods, with respective gains of 154% and 90% over the past year.
ETFs as Investment Options: Investors can consider ETFs such as the Invesco Food & Beverage ETF and the Invesco S&P SmallCap Consumer Staples ETF to gain exposure to the food industry and capitalize on ongoing food inflation trends.
Analyst Views on MAGS
Wall Street analysts forecast MAGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAGS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 63.640
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Current: 63.640
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
