Why Shares of The Chefs' Warehouse, Inc. Jumped 19% Last Month

Why Shares of The Chefs' Warehouse, Inc. Jumped 19% Last Month

Shares of The Chefs' Warehouse (NASDAQ: CHEF) were surging last month after the restaurant-supply company posted a strong second-quarter earnings report. According to data from S&P Global Market Intelligence, the stock moved up 19%.

The purveyor of specialty food products saw strong organic revenue growth in the quarter and beat earnings estimates. As the chart below shows, the stock surged after the company released its results on Aug. 9.

Continue reading

Source: Fool.com