Chefs’ Warehouse Inc. Hits New 52-Week High at $29.90 (CHEF)
Chefs’ Warehouse (NASDAQ:CHEF) set a new 52-week high on Thursday, American Banking News.com reports. The company traded as high as $29.90 and last traded at $29.51, with a volume of 104,352 shares. The stock had previously closed at $29.16.
A number of research firms have recently commented on CHEF. Analysts at Zacks upgraded shares of Chefs’ Warehouse from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $27.10 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Chefs’ Warehouse from $24.00 to $27.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $25.35.
Chefs’ Warehouse has a 1-year low of $14.72 and a 1-year high of $29.63. The stock has a 50-day moving average of $25.83 and a 200-day moving average of $22.78. The company has a market cap of $737.5 million and a price-to-earnings ratio of 38.88.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. The company had revenue of $170.58 million for the quarter, compared to the consensus estimate of $171.29 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 36.7% on a year-over-year basis.
The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.
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