The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday.
A number of other brokerages have also weighed in on CHEF. BidaskClub upgraded shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a report on Sunday. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, July 11th. Jefferies Group LLC restated a “buy” rating and issued a $19.00 price objective on shares of The Chefs’ Warehouse in a report on Thursday, June 1st. Canaccord Genuity assumed coverage on shares of The Chefs’ Warehouse in a report on Tuesday, July 4th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Loop Capital assumed coverage on shares of The Chefs’ Warehouse in a research note on Monday, May 15th. They set a “buy” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.29.
Shares of The Chefs’ Warehouse (NASDAQ CHEF) traded up 4.92% during mid-day trading on Wednesday, hitting $13.85. The company had a trading volume of 268,871 shares. The Chefs’ Warehouse has a 52 week low of $10.31 and a 52 week high of $17.15. The firm has a 50-day moving average price of $13.96 and a 200-day moving average price of $14.62. The firm has a market capitalization of $364.96 million, a PE ratio of 923.33 and a beta of 1.10.
The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The Chefs’ Warehouse had a net margin of 0.03% and a return on equity of 4.75%. The company had revenue of $287.70 million during the quarter, compared to analyst estimates of $284.45 million. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts forecast that The Chefs’ Warehouse will post $0.38 earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. American International Group Inc. raised its stake in shares of The Chefs’ Warehouse by 7.1% in the first quarter. American International Group Inc. now owns 11,917 shares of the company’s stock worth $166,000 after buying an additional 791 shares in the last quarter. Bank of Montreal Can raised its stake in shares of The Chefs’ Warehouse by 4,428.6% in the second quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock worth $157,000 after buying an additional 11,780 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of The Chefs’ Warehouse by 6.7% in the first quarter. Nationwide Fund Advisors now owns 14,468 shares of the company’s stock worth $201,000 after buying an additional 906 shares in the last quarter. Trexquant Investment LP raised its stake in shares of The Chefs’ Warehouse by 45.4% in the first quarter. Trexquant Investment LP now owns 18,469 shares of the company’s stock worth $257,000 after buying an additional 5,769 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in shares of The Chefs’ Warehouse during the first quarter worth $288,000. Institutional investors and hedge funds own 76.86% of the company’s stock.
The Chefs’ Warehouse Company Profile
The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.
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