The Chefs Warehouse, Inc (NASDAQ:CHEF) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.40.
Several analysts have recently weighed in on CHEF shares. Zacks Investment Research upgraded shares of The Chefs Warehouse from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Barclays PLC reiterated an “equal weight” rating and issued a $14.00 price objective (up previously from $12.00) on shares of The Chefs Warehouse in a research note on Wednesday, February 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $16.00 price objective (up previously from $12.00) on shares of The Chefs Warehouse in a research note on Friday, February 24th. Finally, Canaccord Genuity started coverage on shares of The Chefs Warehouse in a research note on Friday, April 7th. They issued a “buy” rating and a $18.00 price objective for the company.
A number of institutional investors have recently bought and sold shares of the company. Legion Partners Asset Management LLC purchased a new position in The Chefs Warehouse during the fourth quarter worth about $15,888,000. Rutabaga Capital Management LLC MA purchased a new position in The Chefs Warehouse during the third quarter worth about $8,005,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of 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 worth $44,558,000 after buying an additional 341,587 shares during the period. Formula Growth Ltd. bought a new position in shares of The Chefs Warehouse during the third quarter worth $2,945,000. Finally, Menta Capital LLC increased its position in shares of The Chefs Warehouse by 550.8% in the fourth quarter. Menta Capital LLC now owns 88,265 shares of the company’s stock worth $1,395,000 after buying an additional 74,703 shares during the period. 74.33% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of The Chefs Warehouse (NASDAQ:CHEF) traded down 0.72% during midday trading on Friday, hitting $13.85. 118,189 shares of the company’s stock traded hands. The company has a 50 day moving average price of $13.98 and a 200 day moving average price of $14.14. The Chefs Warehouse has a 1-year low of $10.31 and a 1-year high of $19.62. The firm has a market capitalization of $363.94 million, a price-to-earnings ratio of 118.38 and a beta of 1.31.
The Chefs Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Tuesday, February 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The Chefs Warehouse had a net margin of 0.05% and a return on equity of 7.47%. The firm earned $342.90 million during the quarter, compared to analyst estimates of $336.71 million. During the same quarter last year, the business earned $0.26 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that The Chefs Warehouse will post $0.37 earnings per share for the current year.
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.
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