The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Monday.

A number of other equities analysts have also issued reports on CHEF. Canaccord Genuity began coverage on The Chefs’ Warehouse in a research note on Tuesday, July 4th. They set a “buy” rating and a $18.00 price target for the company. Zacks Investment Research raised The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, July 11th. BidaskClub raised The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine lowered The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets set a $16.00 price target on The Chefs’ Warehouse and gave the company a “hold” rating in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $18.17.

The Chefs’ Warehouse (NASDAQ:CHEF) traded up 2.04% during mid-day trading on Monday, hitting $20.00. The company had a trading volume of 157,962 shares. The stock’s 50 day moving average price is $18.00 and its 200 day moving average price is $15.23. The Chefs’ Warehouse has a 52-week low of $10.80 and a 52-week high of $20.05. The firm has a market cap of $527.20 million, a P/E ratio of 41.49 and a beta of 1.11.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results 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 firm had revenue of $331.70 million for the quarter, compared to analysts’ expectations of $325.16 million. During the same period last year, the firm earned $0.15 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that The Chefs’ Warehouse will post $0.41 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Voya Investment Management LLC bought a new position in The Chefs’ Warehouse during the 2nd quarter valued at $132,000. Stifel Financial Corp bought a new position in The Chefs’ Warehouse during the 2nd quarter valued at $151,000. American International Group Inc. boosted its stake in The Chefs’ Warehouse by 7.1% during the 1st quarter. American International Group Inc. now owns 11,917 shares of the company’s stock valued at $166,000 after purchasing an additional 791 shares in the last quarter. Bank of Montreal Can boosted its stake in The Chefs’ Warehouse by 4,428.6% during the 2nd quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock valued at $157,000 after purchasing an additional 11,780 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of The Chefs’ Warehouse by 6.7% during the 1st quarter. Nationwide Fund Advisors now owns 14,468 shares of the company’s stock worth $201,000 after acquiring an additional 906 shares in the last quarter. 78.01% of the stock is owned by hedge funds and other 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.

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

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