Chefs’ Warehouse Inc. Hits New 52-Week High at $24.40 (CHEF)
Chefs’ Warehouse (NASDAQ:CHEF) set a new 52-week high during trading hours on Friday, Stock Ratings Network.com reports. The company traded as high as $24.40 and last traded at $24.12, with a volume of 65,107 shares. The stock had previously closed at $23.92.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Chefs’ Warehouse from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $21.20 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Chefs’ Warehouse in a research note to investors on Monday. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Chefs’ Warehouse in a research note to investors on Wednesday, September 25th. They set a “hold” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.87.
Chefs’ Warehouse has a 1-year low of $13.85 and a 1-year high of $24.10. The stock’s 50-day moving average is $22.80 and its 200-day moving average is $20.13. The company has a market cap of $513.0 million and a P/E ratio of 32.77.
Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings data on Thursday, August 1st. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. The company had revenue of $170.20 million for the quarter, compared to the consensus estimate of $166.11 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 48.3% on a year-over-year basis. Analysts expect that Chefs’ Warehouse will post $0.92 EPS for the current fiscal year.
The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.
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