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Is The Chef's Warehouse (CHEF) Outperforming Other Consumer Staples Stocks 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. Has Chefs' Warehouse (CHEF - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Chefs' Warehouse is a member of our Consumer Staples group, which includes 187 different companies and currently sits at #15 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 #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for CHEF's full-year earnings has moved 10.2% 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 83.4% so far this year. In comparison, Consumer Staples companies have returned an average of 6.7%. As we can see, Chefs' Warehouse is performing better than its sector in the calendar year.

JAPAN TOB (JAPAY - 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 27.7%.

In JAPAN TOB's case, the consensus EPS estimate for the current year increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Chefs' Warehouse is a member of the Food - Miscellaneous industry, which includes 47 individual companies and currently sits at #204 in the Zacks Industry Rank. On average, this group has lost an average of 4.5% so far this year, meaning that CHEF is performing better in terms of year-to-date returns.

JAPAN TOB, however, belongs to the Tobacco industry. Currently, this 8-stock industry is ranked #181. The industry has moved +17.5% so far this year.

Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Chefs' Warehouse and JAPAN TOB as they could maintain their solid performance.

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