ValuEngine upgraded shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) from a sell rating to a hold rating in a report issued on Thursday, August 3rd.
Several other brokerages have also issued reports on CHEF. BidaskClub raised shares of The Chefs’ Warehouse from a strong sell rating to a sell rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of The Chefs’ Warehouse from a hold rating to a buy rating and set a $14.00 target price for the company in a research note on Tuesday, July 11th. Jefferies Group LLC reaffirmed a buy rating and issued a $19.00 target price on shares of The Chefs’ Warehouse in a research note on Thursday, June 1st. Canaccord Genuity assumed coverage on shares of The Chefs’ Warehouse in a research note on Tuesday, July 4th. They issued a buy rating and a $18.00 target price for the company. Finally, Loop Capital assumed coverage on shares of The Chefs’ Warehouse in a research note on Monday, May 15th. They issued a buy rating and a $18.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $17.83.
Shares of The Chefs’ Warehouse (NASDAQ CHEF) opened at 17.45 on Thursday. The Chefs’ Warehouse has a 12-month low of $10.71 and a 12-month high of $18.30. The stock has a 50 day moving average price of $14.19 and a 200-day moving average price of $14.58. The stock has a market cap of $459.98 million, a price-to-earnings ratio of 36.20 and a beta of 1.13.
The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.56%. The company had revenue of $331.70 million during the quarter, compared to analyst estimates of $325.16 million. During the same quarter in the previous year, the business earned $0.15 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. Equities analysts anticipate that The Chefs’ Warehouse will post $0.40 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of The Chefs’ Warehouse by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 69,210 shares of the company’s stock valued at $900,000 after buying an additional 456 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of The Chefs’ Warehouse by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 71,628 shares of the company’s stock valued at $931,000 after buying an additional 554 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of The Chefs’ Warehouse by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock valued at $221,000 after buying an additional 555 shares during the period. Nationwide Fund Advisors boosted its stake in shares of The Chefs’ Warehouse by 4.5% in the second quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock valued at $197,000 after buying an additional 650 shares during the period. Finally, American International Group Inc. boosted 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 valued at $166,000 after buying an additional 791 shares during the period. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
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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