The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has earned an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.17.

Several research firms have commented on CHEF. Canaccord Genuity raised their price objective on The Chefs’ Warehouse from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, August 29th. Jefferies Group LLC set a $20.00 target price on The Chefs’ Warehouse and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, August 11th. BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 target price (up from $16.00) on shares of The Chefs’ Warehouse in a research report on Thursday, August 10th. Finally, BidaskClub raised The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th.

Shares of The Chefs’ Warehouse (NASDAQ:CHEF) remained flat at $18.85 during midday trading on Friday. The stock had a trading volume of 139,883 shares. The Chefs’ Warehouse has a 1-year low of $10.71 and a 1-year high of $18.90. The company has a market capitalization of $496.89 million, a price-to-earnings ratio of 39.11 and a beta of 1.11. The company’s 50 day moving average is $16.78 and its 200 day moving average is $14.80.

The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The company had revenue of $331.70 million for the quarter, compared to analyst estimates of $325.16 million. During the same period last year, the company posted $0.15 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Chefs’ Warehouse will post $0.41 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd increased its position in shares of The Chefs’ Warehouse by 10.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 24,031 shares of the company’s stock worth $313,000 after acquiring an additional 2,303 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of The Chefs’ Warehouse by 6.0% during the second quarter. Public Employees Retirement System of Ohio now owns 112,100 shares of the company’s stock worth $1,457,000 after acquiring an additional 6,390 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of The Chefs’ Warehouse by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock worth $221,000 after acquiring an additional 555 shares during the last quarter. State Street Corp increased its position in shares of The Chefs’ Warehouse by 7.3% during the second quarter. State Street Corp now owns 344,769 shares of the company’s stock worth $4,486,000 after acquiring an additional 23,492 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of The Chefs’ Warehouse during the second quarter worth about $151,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.

The Chefs’ Warehouse Company Profile

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.

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

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