Chefs’ Warehouse Stock Rating Lowered by Canaccord Genuity (CHEF)
Chefs’ Warehouse (NASDAQ:CHEF) was downgraded by equities research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Chefs’ Warehouse (NASDAQ:CHEF) traded down 1.62% on Friday, hitting $23.61. The stock had a trading volume of 277,129 shares. Chefs’ Warehouse has a 1-year low of $15.90 and a 1-year high of $29.99. The stock’s 50-day moving average is $27.47 and its 200-day moving average is $24.16. The company has a market cap of $590.6 million and a price-to-earnings ratio of 32.00.
A number of other analysts have also recently weighed in on CHEF. Analysts at BB&T Corp. downgraded shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $29.00 price target on the stock. Separately, analysts at UBS AG downgraded shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Finally, 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. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.82.
The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.
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