Chefs' Warehouse saw its IBD SmartSelect Composite Rating rise to 98 Thursday, up from 94 the day before.
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The upgrade means the stock is now outperforming 98% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Chefs' Warehouse is currently forming a cup without handle, with a 66.51 buy point. Look for the stock to break out in heavy trade at least 40% higher than normal.
The stock has a 95 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 67% earnings growth for Q1. That marks two straight quarters of rising EPS gains. Revenue was flat, matching the prior quarter's 9%.
Chefs' Warehouse holds the No. 2 rank among its peers in the Food-Miscellaneous Preparation industry group. Calavo Growers is the No. 1-ranked stock within the group.
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