The Relative Strength (RS) Rating for Chefs' Warehouse entered a new percentile Thursday, with an increase from 80 to 84.
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Chefs' Warehouse is still inside a buy zone after moving past a 43.38 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Chefs' Warehouse posted 9% EPS growth in its most recent report. Revenue increased 6%.
The company holds the No. 2 rank among its peers in the Food-Miscellaneous Preparation industry group. Fresh Del Monte Produce is the No. 1-ranked stock within the group.
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