ValuEngine downgraded shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) from a hold rating to a sell rating in a research report report published on Wednesday morning.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research report on Tuesday, July 11th. Canaccord Genuity assumed coverage on shares of The Chefs’ Warehouse in a research report on Tuesday, July 4th. They set a buy rating and a $18.00 price objective on the stock. Jefferies Group LLC restated a buy rating and set a $19.00 price objective on shares of The Chefs’ Warehouse in a research report on Thursday, June 1st. Loop Capital assumed coverage on shares of The Chefs’ Warehouse in a research report on Monday, May 15th. They set a buy rating and a $18.00 price objective on the stock. Finally, BidaskClub upgraded shares of The Chefs’ Warehouse from a strong sell rating to a sell rating in a research report on Sunday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $16.29.
The Chefs’ Warehouse (NASDAQ:CHEF) traded up 1.08% during mid-day trading on Wednesday, hitting $14.00. 102,450 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $13.96 and its 200-day moving average price is $14.62. The Chefs’ Warehouse has a 12 month low of $10.31 and a 12 month high of $17.15. The stock has a market cap of $368.91 million, a PE ratio of 933.33 and a beta of 1.10.
The Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Tuesday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). The Chefs’ Warehouse had a net margin of 0.03% and a return on equity of 4.75%. The business had revenue of $287.70 million for the quarter, compared to analysts’ expectations of $284.45 million. During the same period in the prior year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities analysts expect that The Chefs’ Warehouse will post $0.38 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC raised its position in The Chefs’ Warehouse by 24.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,890,991 shares of the company’s stock valued at $67,985,000 after buying an additional 950,266 shares in the last quarter. Wells Fargo & Company MN raised its position in The Chefs’ Warehouse by 82.2% in the first quarter. Wells Fargo & Company MN now owns 447,608 shares of the company’s stock valued at $6,221,000 after buying an additional 201,912 shares in the last quarter. Alliancebernstein L.P. raised its position in The Chefs’ Warehouse by 12.5% in the first quarter. Alliancebernstein L.P. now owns 1,429,360 shares of the company’s stock valued at $19,868,000 after buying an additional 158,833 shares in the last quarter. Dimensional Fund Advisors LP raised its position in The Chefs’ Warehouse by 19.9% in the first quarter. Dimensional Fund Advisors LP now owns 850,510 shares of the company’s stock valued at $11,822,000 after buying an additional 140,918 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in The Chefs’ Warehouse during the first quarter valued at approximately $1,043,000. 76.86% of the stock is currently owned by institutional investors.
About The Chefs’ Warehouse
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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