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Analysts at Deutsche Bank reduced their price objective on shares of Chefs’ Warehouse (NASDAQ:CHEF) from $23.00 to $17.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential downside of 3.13% from the stock’s previous close.

Chefs’ Warehouse (NASDAQ:CHEF) opened at 17.50 on Friday. Chefs’ Warehouse has a one year low of $16.87 and a one year high of $29.99. The stock’s 50-day moving average is $18.79 and its 200-day moving average is $20.7. The company has a market cap of $438.2 million and a P/E ratio of 26.54.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03. The company had revenue of $213.10 million for the quarter, compared to the consensus estimate of $205.87 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Analysts expect that Chefs’ Warehouse will post $0.67 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Chefs’ Warehouse in a research note on Friday. They set a “hold” rating and a $17.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Chefs’ Warehouse from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $18.70 price target on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.54.

The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.

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