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Has The Chef's Warehouse (CHEF) Outpaced Other Consumer Staples Stocks This Year?
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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? Let's take a closer look at the stock's year-to-date performance to find out.
Chefs' Warehouse is a member of the Consumer Staples sector. This group includes 185 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CHEF's full-year earnings has moved 7.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CHEF has gained about 77.1% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 6.5% on average. As we can see, Chefs' Warehouse is performing better than its sector in the calendar year.
Kerry Group PLC (KRYAY - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.8%.
The consensus estimate for Kerry Group PLC's current year EPS has increased 1.8% 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 #197 in the Zacks Industry Rank. On average, this group has lost an average of 3.1% so far this year, meaning that CHEF is performing better in terms of year-to-date returns. Kerry Group PLC is also part of the same industry.
Chefs' Warehouse and Kerry Group PLC could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
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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? Let's take a closer look at the stock's year-to-date performance to find out.
Chefs' Warehouse is a member of the Consumer Staples sector. This group includes 185 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CHEF's full-year earnings has moved 7.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CHEF has gained about 77.1% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 6.5% on average. As we can see, Chefs' Warehouse is performing better than its sector in the calendar year.
Kerry Group PLC (KRYAY - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.8%.
The consensus estimate for Kerry Group PLC's current year EPS has increased 1.8% 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 #197 in the Zacks Industry Rank. On average, this group has lost an average of 3.1% so far this year, meaning that CHEF is performing better in terms of year-to-date returns. Kerry Group PLC is also part of the same industry.
Chefs' Warehouse and Kerry Group PLC could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.