Advertisement
New Zealand markets closed

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NZD/USD

    0.5888
    -0.0017 (-0.29%)
     

  • NZD/EUR

    0.5525
    -0.0020 (-0.36%)
     

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • OIL

    83.41
    +0.68 (+0.82%)
     

  • GOLD

    2,408.40
    +10.40 (+0.43%)
     

  • NASDAQ

    17,030.31
    -364.01 (-2.09%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • Dow Jones

    37,930.63
    +155.25 (+0.41%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • NZD/JPY

    90.9720
    -0.2820 (-0.31%)
     

Is The Chef's Warehouse (CHEF) Stock Outpacing Its Consumer Staples Peers This Year?

Zacks Equity Research
·2-min read

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Chefs' Warehouse (CHEF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.

Chefs' Warehouse is one of 194 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track 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 7.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

ADVERTISEMENT

According to our latest data, CHEF has moved about 4% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have lost about 2.2% on average. This means that Chefs' Warehouse is performing better than its sector in terms of year-to-date returns.

Another Consumer Staples stock, which has outperformed the sector so far this year, is Imperial Tobacco Group PLC (IMBBY). The stock has returned 2.6% year-to-date.

For Imperial Tobacco Group PLC, the consensus EPS estimate for the current year has increased 0.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Chefs' Warehouse belongs to the Food - Miscellaneous industry, a group that includes 48 individual stocks and currently sits at #149 in the Zacks Industry Rank. Stocks in this group have lost about 6.7% so far this year, so CHEF is performing better this group in terms of year-to-date returns.

On the other hand, Imperial Tobacco Group PLC belongs to the Tobacco industry. This 9-stock industry is currently ranked #110. The industry has moved +3.5% year to date.

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


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
To read this article on Zacks.com click here.