The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $20.25.
A number of research firms have issued reports on CHEF. Zacks Investment Research cut The Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. TheStreet raised The Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Canaccord Genuity reissued a “buy” rating and issued a $22.00 target price on shares of The Chefs’ Warehouse in a research note on Thursday. Jefferies Group LLC set a $20.00 target price on The Chefs’ Warehouse and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, BMO Capital Markets raised The Chefs’ Warehouse from a “market perform” rating to an “outperform” rating in a research note on Monday.
The Chefs’ Warehouse (CHEF) traded up $0.20 during trading hours on Monday, reaching $16.80. The company’s stock had a trading volume of 385,500 shares, compared to its average volume of 171,603. The Chefs’ Warehouse has a 1 year low of $11.85 and a 1 year high of $21.90. The company has a current ratio of 2.26, a quick ratio of 1.31 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $494.09, a PE ratio of 44.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.09.
The Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The Chefs’ Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The firm had revenue of $325.08 million during the quarter, compared to analysts’ expectations of $322.78 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. equities analysts expect that The Chefs’ Warehouse will post 0.41 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of CHEF. Alliancebernstein L.P. boosted its position in shares of The Chefs’ Warehouse by 30.1% during the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock worth $24,184,000 after buying an additional 430,943 shares during the period. Boston Partners acquired a new position in shares of The Chefs’ Warehouse during the third quarter worth about $7,095,000. Russell Investments Group Ltd. acquired a new position in shares of The Chefs’ Warehouse during the third quarter worth about $3,124,000. Dimensional Fund Advisors LP boosted its position in shares of The Chefs’ Warehouse by 18.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock worth $13,115,000 after buying an additional 158,345 shares during the period. Finally, Foundry Partners LLC acquired a new position in shares of The Chefs’ Warehouse during the third quarter worth about $2,650,000. 80.56% of the stock is 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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