The Chefs' Warehouse, Inc. (CHEF - Free Report) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $32.20 to $37.70 in the past one-month time frame.
The move came after S&P Dow Jones Indices said that the company would join the S&P SmallCap 600 Index.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for The Chefs' Warehouse. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
The Chefs' Warehouse currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Food - Miscellaneous industry is McCormick & Company, Incorporated (MKC - Free Report) which carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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