IInvestors interested in consumer staples stocks should always look for the best performing companies in the group. Chefs’ Warehouse (CHEF) is a stock that can certainly catch the eye of many investors, but do its recent returns compare favorably to those of the sector as a whole? Looking at the stock’s year-to-date performance against its consumer staples peers, we might be able to answer that question.
Chefs’ Warehouse is one of 194 Consumer Staples companies. Consumer Staples Group is currently ranked 13th in the Zacks industry rankings. The Zacks Sector Ranking assesses the strength of our 16 individual sector groups by measuring the average Zacks Ranking of individual stocks within the groups.
The Zacks ranking emphasizes earnings estimates and estimate revisions to find stocks with improved earnings prospects. This system has a long history of success, and these stocks tend to beat the market over the next one to three months. Chefs’ Warehouse currently has a Zacks rating of #2 (buy).
Over the past 90 days, the Zacks consensus estimate for CHEF’s annual earnings has risen 7.6%. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
According to our latest data, CHEF has evolved by around 4% since the beginning of the year. Meanwhile, Consumer Staples Group shares lost about 2.2% on average. This means that Chefs’ Warehouse has outperformed its sector in terms of returns year to date.
Another consumer staples stock that 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 current-year EPS consensus estimate rose 0.5% over the past three months. The stock currently has a Zacks rank #2 (buy).
Specifically, Chefs’ Warehouse belongs to the Food Industry – Miscellaneous, a group that comprises 48 individual stocks and is currently ranked 149th in the Zacks industry rankings. Shares in this group have lost around 6.7% so far this year, so CHEF has outperformed 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 is up +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 strong performance.
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The Chefs’ Warehouse, Inc. (CHEF): Free Inventory Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.