The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) – Stock analysts at Jefferies Group boosted their FY2018 earnings estimates for shares of The Chefs’ Warehouse in a research note issued on Thursday. Jefferies Group analyst C. Mandeville now anticipates that the company will earn $0.56 per share for the year, up from their prior forecast of $0.54. Jefferies Group has a “Buy” rating and a $19.00 price target on the stock. Jefferies Group also issued estimates for The Chefs’ Warehouse’s FY2019 earnings at $0.70 EPS.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.60%. The firm had revenue of $331.70 million for the quarter, compared to the consensus estimate of $325.16 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/14/jefferies-group-brokers-boost-earnings-estimates-for-the-chefs-warehouse-inc-chef.html.

CHEF has been the topic of a number of other reports. ValuEngine raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Loop Capital began coverage on shares of The Chefs’ Warehouse in a research note on Monday, May 15th. They issued a “buy” rating and a $18.00 price target for the company. Canaccord Genuity began coverage on shares of The Chefs’ Warehouse in a research note on Tuesday, July 4th. They issued a “buy” rating and a $18.00 price target for the company. Finally, BMO Capital Markets set a $16.00 price target on shares of The Chefs’ Warehouse and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $17.83.

Shares of The Chefs’ Warehouse (CHEF) opened at 17.60 on Monday. The company’s 50-day moving average is $13.82 and its 200 day moving average is $14.55. The Chefs’ Warehouse has a 52 week low of $10.71 and a 52 week high of $18.12. The stock has a market capitalization of $463.94 million, a P/E ratio of 36.51 and a beta of 1.13.

A number of hedge funds have recently added to or reduced their stakes in CHEF. Alambic Investment Management L.P. purchased a new position in shares of The Chefs’ Warehouse during the first quarter valued at about $410,000. Oxford Asset Management purchased a new position in shares of The Chefs’ Warehouse during the first quarter valued at about $615,000. Trexquant Investment LP increased its position in shares of The Chefs’ Warehouse by 45.4% in the first quarter. Trexquant Investment LP now owns 18,469 shares of the company’s stock valued at $257,000 after buying an additional 5,769 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of The Chefs’ Warehouse by 24.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,890,991 shares of the company’s stock valued at $67,985,000 after buying an additional 950,266 shares during the period. Finally, Eagle Boston Investment Management Inc. increased its position in shares of The Chefs’ Warehouse by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 362,345 shares of the company’s stock valued at $5,036,000 after buying an additional 19,387 shares during the period. Hedge funds and other institutional investors own 76.50% of the company’s stock.

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.

Earnings History and Estimates for The Chefs` Warehouse (NASDAQ:CHEF)

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