Chefs’ Warehouse Price Target Lowered to $21.00 at Jefferies Group (CHEF)
Jefferies Group cut their price objective on shares of Chefs’ Warehouse (NASDAQ:CHEF) from $25.00 to $21.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 19.66% 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 announced its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.26 earnings per share. Chefs’ Warehouse’s revenue was up 25.2% compared to the same quarter last year. On average, analysts predict that Chefs’ Warehouse will post $0.67 earnings per share for the current fiscal year.
CHEF has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of Chefs’ Warehouse from $23.00 to $17.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, 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 BMO Capital Markets initiated coverage on shares of Chefs’ Warehouse in a research note on Monday, July 7th. They set a “market perform” rating and a $21.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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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