The Chef's Warehouse

$CHEF

Company Description -

The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour. The company serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. It markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform. The Chefs' Warehouse, Inc. was founded in 1985 and is headquartered in Ridgefield, Connecticut.

I first set this alert over 2 years ago when the stock was approaching its prior all-time high, which was just months before COVID took it down 90%. The alert pinged last Friday as the stock is right back at that price level again. So I’ve added it to the watchlist this week, to see if this will be another failed breakout attempt or something more. The company reports earnings July 31st. I’ll be looking to play this from the long side above $42.