Chefs' Warehouse stock saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 93 the day before. The specialty food distributor sports a 94 Relative Strength Rating.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Is Chefs' Warehouse Stock A Buy?
Chefs' Warehouse stock is currently trading in a consolidation with a 66.51 entry point. It's currently not in a proper buying range at this time, but this food stock belongs on your watchlist.
The stock earns an 89 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 89% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
Chefs' Warehouse Earnings
The specialty food firm posted a 17% earnings gain for Q4. Sales growth climbed 9%, up from 6% in the prior report. That marks one quarter of increasing revenue growth. The company's next quarterly report is expected on or around Apr. 30.
Chefs' Warehouse stock holds the No. 2 rank among its peers in the Food-Miscellaneous Preparation industry group. Calavo Growers is the top-ranked stock within the group.
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