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Are Consumer Staples Stocks Lagging The Chef's Warehouse (CHEF) This Year?

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Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Chefs' Warehouse (CHEF - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

Chefs' Warehouse is one of 185 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Chefs' Warehouse is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CHEF's full-year earnings has moved 7.2% higher. 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 83.5% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have gained about 9.1% on average. This shows that Chefs' Warehouse is outperforming its peers so far this year.

Another stock in the Consumer Staples sector, Darling Ingredients (DAR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 81.1%.

The consensus estimate for Darling Ingredients' current year EPS has increased 53.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Chefs' Warehouse belongs to the Food - Miscellaneous industry, a group that includes 45 individual companies and currently sits at #208 in the Zacks Industry Rank. Stocks in this group have gained about 1.8% so far this year, so CHEF is performing better this group in terms of year-to-date returns. Darling Ingredients is also part of the same industry.

Investors interested in the Consumer Staples sector may want to keep a close eye on Chefs' Warehouse and Darling Ingredients as they attempt to continue their solid performance.

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