The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently issued reports on CHEF. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, July 11th. BidaskClub upgraded shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a report on Sunday. Canaccord Genuity initiated coverage on shares of The Chefs’ Warehouse in a report on Tuesday, July 4th. They issued a “buy” rating and a $18.00 price target for the company. Loop Capital initiated coverage on shares of The Chefs’ Warehouse in a report on Monday, May 15th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 price target on shares of The Chefs’ Warehouse in a report on Thursday, June 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.29.

The Chefs’ Warehouse (NASDAQ:CHEF) traded up 4.92% on Wednesday, reaching $13.85. 268,871 shares of the company’s stock were exchanged. The Chefs’ Warehouse has a 1-year low of $10.31 and a 1-year high of $17.15. The company has a market capitalization of $364.96 million, a P/E ratio of 923.33 and a beta of 1.10. The firm has a 50-day moving average price of $13.96 and a 200-day moving average price of $14.62.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The company had revenue of $287.70 million during the quarter, compared to the consensus estimate of $284.45 million. The Chefs’ Warehouse had a net margin of 0.03% and a return on equity of 4.75%. The Chefs’ Warehouse’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities research analysts expect that The Chefs’ Warehouse will post $0.38 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in The Chefs’ Warehouse by 9.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,999,839 shares of the company’s stock valued at $44,558,000 after buying an additional 341,587 shares in the last quarter. Two Sigma Investments LP purchased a new stake in The Chefs’ Warehouse during the fourth quarter valued at about $811,000. Legion Partners Asset Management LLC purchased a new stake in The Chefs’ Warehouse during the fourth quarter valued at about $15,888,000. Rice Hall James & Associates LLC purchased a new stake in The Chefs’ Warehouse during the fourth quarter valued at about $1,461,000. Finally, Menta Capital LLC boosted its stake in The Chefs’ Warehouse by 550.8% in the fourth quarter. Menta Capital LLC now owns 88,265 shares of the company’s stock valued at $1,395,000 after buying an additional 74,703 shares in the last quarter. 76.86% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for The Chefs` Warehouse (NASDAQ:CHEF)

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