The Chefs’ Warehouse, Inc. (CHEF) Given Consensus Rating of “Buy” by Analysts
The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has received a consensus rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.29.
A number of equities research analysts have recently weighed in on CHEF shares. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday. Canaccord Genuity began coverage on shares of The Chefs’ Warehouse in a report on Tuesday, July 4th. They set a “buy” rating and a $18.00 price target for the company. ValuEngine upgraded shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 price target on shares of The Chefs’ Warehouse in a report on Thursday, June 1st. Finally, Loop Capital began coverage on shares of The Chefs’ Warehouse in a report on Monday, May 15th. They set a “buy” rating and a $18.00 price target for the company.
Several hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new stake in The Chefs’ Warehouse during the fourth quarter worth $811,000. Sei Investments Co. increased its stake in The Chefs’ Warehouse by 296.8% in the first quarter. Sei Investments Co. now owns 42,378 shares of the company’s stock worth $589,000 after buying an additional 31,698 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in The Chefs’ Warehouse by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 709,592 shares of the company’s stock worth $11,212,000 after buying an additional 10,550 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in The Chefs’ Warehouse during the first quarter worth $302,000. Finally, State Street Corp increased its stake in The Chefs’ Warehouse by 8.9% in the fourth quarter. State Street Corp now owns 301,448 shares of the company’s stock worth $4,757,000 after buying an additional 24,565 shares in the last quarter. 76.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Chefs’ Warehouse (NASDAQ CHEF) traded down 1.63% during trading on Tuesday, reaching $12.10. 60,854 shares of the company traded hands. The firm’s 50-day moving average is $14.87 and its 200-day moving average is $14.89. The stock has a market capitalization of $318.85 million, a PE ratio of 806.67 and a beta of 1.11. The Chefs’ Warehouse has a 12-month low of $10.31 and a 12-month high of $17.15.
The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The Chefs’ Warehouse had a net margin of 0.03% and a return on equity of 4.75%. The business had revenue of $287.70 million during the quarter, compared to analysts’ expectations of $284.45 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts predict that The Chefs’ Warehouse will post $0.38 earnings per share for the current fiscal year.
About The Chefs’ Warehouse
The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.
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