We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has The Chef's Warehouse (CHEF) Outpaced Other Consumer Staples Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Chefs' Warehouse (CHEF - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Chefs' Warehouse is one of 194 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Chefs' Warehouse is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CHEF's full-year earnings has moved 11.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CHEF has moved about 8.8% on a year-to-date basis. At the same time, Consumer Staples stocks have gained an average of 2%. This shows that Chefs' Warehouse is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is MGP (MGPI - Free Report) . The stock has returned 10.6% year-to-date.
For MGP, the consensus EPS estimate for the current year has increased 1.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Chefs' Warehouse is a member of the Food - Miscellaneous industry, which includes 48 individual companies and currently sits at #228 in the Zacks Industry Rank. On average, stocks in this group have gained 2.4% this year, meaning that CHEF is performing better in terms of year-to-date returns. MGP is also part of the same industry.
Investors with an interest in Consumer Staples stocks should continue to track Chefs' Warehouse and MGP. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has The Chef's Warehouse (CHEF) Outpaced Other Consumer Staples Stocks This Year?
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Chefs' Warehouse (CHEF - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Chefs' Warehouse is one of 194 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Chefs' Warehouse is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CHEF's full-year earnings has moved 11.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CHEF has moved about 8.8% on a year-to-date basis. At the same time, Consumer Staples stocks have gained an average of 2%. This shows that Chefs' Warehouse is outperforming its peers so far this year.
Another Consumer Staples stock, which has outperformed the sector so far this year, is MGP (MGPI - Free Report) . The stock has returned 10.6% year-to-date.
For MGP, the consensus EPS estimate for the current year has increased 1.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Chefs' Warehouse is a member of the Food - Miscellaneous industry, which includes 48 individual companies and currently sits at #228 in the Zacks Industry Rank. On average, stocks in this group have gained 2.4% this year, meaning that CHEF is performing better in terms of year-to-date returns. MGP is also part of the same industry.
Investors with an interest in Consumer Staples stocks should continue to track Chefs' Warehouse and MGP. These stocks will be looking to continue their solid performance.