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Buy 4 Food Stocks With Strong Price Upside for a Healthy Portfolio
ZACKS· 2024-09-25 19:00
Market Overview - The U.S. stock market has been on a 21-month rally with no signs of weakening, despite September historically being the worst-performing month [1] - Major indexes are currently trading positively with only five trading days left in September, although volatility may arise from weak economic data or geopolitical conflicts [1] Food Industry Insights - Defensive stocks from the food industry are recommended to safeguard portfolios during potential market pauses [2] - The food sector has faced inflationary pressures affecting input costs and consumer purchasing power, but strong brand presence and strategic pricing have helped companies navigate these challenges [2][4] Recommended Food Stocks - Four food stocks are highlighted for their strong price upside potential: The Chefs' Warehouse Inc. (CHEF), Nomad Foods Ltd. (NOMD), Lifeway Foods Inc. (LWAY), and Laird Superfood Inc. (LSF) [3][7] - Each of these stocks carries a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [3] Company-Specific Highlights The Chefs' Warehouse Inc. (CHEF) - CHEF focuses on specialty food distribution for chefs and has a product portfolio that includes artisan charcuterie and specialty cheeses [8][9] - Expected revenue and earnings growth rates are 9.7% and 12.6%, respectively, with a 22.5% short-term price upside potential from an average target price of $49 [10] Nomad Foods Ltd. (NOMD) - NOMD manufactures and distributes frozen foods across several European countries, with brands like Birds Eye and Iglo [11] - Expected revenue and earnings growth rates are 4.3% and 12.6%, respectively, with a 27.3% short-term price upside potential from an average target price of $24.17 [12] Lifeway Foods Inc. (LWAY) - LWAY produces probiotic-based products, primarily drinkable kefir, and has a diverse product range including soft cheeses and yogurt [13][14] - Expected revenue and earnings growth rates are 24.7% and 32%, respectively, with a 23.3% short-term price upside potential from an average target price of $26.50 [15] Laird Superfood Inc. (LSF) - LSF specializes in plant-based natural foods and offers a variety of products through e-commerce and third-party platforms [16][17] - Expected revenue and earnings growth rates are 21.6% and 85.9%, respectively, with a 14.5% short-term price upside potential from an average target price of $4.75 [18]
What Makes Chefs' Warehouse (CHEF) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-09-16 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
Kimberly-Clark Stock Up 20% YTD: Should You Buy or Hold Tight?
ZACKS· 2024-09-11 17:50
Kimberly-Clark Corporation (KMB) experienced a notable increase in its stock price, registering a 20.3% year-to-date increase. This impressive growth surpasses the Zacks Consumer Products - Staples industry's increase of 4.2%. Kimberly-Clark's success is mainly due to its strategic shift towards a volume-and-mix growth model. This approach, which leverages advanced technologies and innovative products, aims to boost operational efficiency. By focusing on supply chain integration and divesting from non-core ...
Are Consumer Staples Stocks Lagging The Chef's Warehouse (CHEF) This Year?
ZACKS· 2024-09-10 14:46
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Chefs' Warehouse (CHEF) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question. Chefs' Warehouse is one of 184 companies in the Consumer Staples group. The Consumer Staples group currently sits at #12 within the Zacks Sector Rank. The Zac ...
Fast-paced Momentum Stock Chefs' Warehouse (CHEF) Is Still Trading at a Bargain
ZACKS· 2024-09-10 13:52
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
The Chefs' Warehouse, Inc. to Participate in CL King's 22nd Best Ideas Conference
GlobeNewswire News Room· 2024-09-03 12:00
RIDGEFIELD, Conn., Sept. 03, 2024 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (the "Company") (Nasdaq: CHEF), a premier distributor of specialty food products in the United States, the Middle East and Canada, today announced that the Company will participate in a virtual fireside chat at CL King's 22nd Best Ideas Conference on Monday, September 16, 2024. The fireside chat will begin at 8:45 a.m. ET. Investors and interested parties may listen to a webcast of the fireside chat by visiting the Company's in ...
The Chefs' Warehouse: Shares Are Undervalued, With Revenue Growth And Profitability
Seeking Alpha· 2024-08-26 04:58
i 1 I E Smederevac When you really think about it, the food distribution market, it's fascinating. The logistics networks that need to be built in order to facilitate the transportation of $2.39 trillion worth of food, just for the US alone, to over 330 million people, must be massive and efficient. This is especially true when you consider the short shelf life that so much of the food that we consume has. One of the companies that operates in this amazing space that is integral to the existence of the mode ...
3 Reasons Growth Investors Will Love Chefs' Warehouse (CHEF)
ZACKS· 2024-08-19 17:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zack ...
Here is Why Growth Investors Should Buy Chefs' Warehouse (CHEF) Now
ZACKS· 2024-08-02 17:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...
The Chefs' Warehouse(CHEF) - 2024 Q2 - Earnings Call Transcript
2024-07-31 18:00
The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Alex Aldous - General Counsel, Corporate Secretary & Chief Government Relations Officer Chris Pappas - Founder, Chairman & Chief Executive Officer Jim Leddy - Chief Financial Officer Conference Call Participants Alex Slagle - Jefferies Mark Carden - UBS Todd Brooks - The Benchmark Company Peter Saleh - BTIG Ben Wood - BMO Capital Markets Andrew Wolf - C.L. King Ben Klieve - Lake Street Cap ...