Chefs’ Warehouse Inc (NASDAQ:CHEF) Given Average Rating of “Hold” by Brokerages

Chefs’ Warehouse Inc (NASDAQ:CHEF) has received an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $33.31.

Several equities analysts recently issued reports on CHEF shares. ValuEngine upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. BidaskClub cut shares of Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Zacks Investment Research cut shares of Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

Shares of CHEF traded down $0.17 during trading hours on Friday, hitting $34.87. The stock had a trading volume of 8,385 shares, compared to its average volume of 194,764. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.47 and a current ratio of 2.35. The firm has a 50-day moving average price of $37.60 and a 200 day moving average price of $35.83. Chefs’ Warehouse has a fifty-two week low of $29.56 and a fifty-two week high of $42.06. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 2.35 and a beta of 0.69.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Chefs’ Warehouse had a net margin of 1.42% and a return on equity of 8.79%. The firm had revenue of $396.90 million during the quarter, compared to analyst estimates of $396.42 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, analysts predict that Chefs’ Warehouse will post 0.99 EPS for the current fiscal year.

In other Chefs’ Warehouse news, Vice Chairman John Pappas sold 44,757 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $36.61, for a total transaction of $1,638,553.77. Following the completion of the transaction, the insider now directly owns 1,359,358 shares in the company, valued at $49,766,096.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

A number of large investors have recently bought and sold shares of CHEF. Fort Washington Investment Advisors Inc. OH acquired a new position in Chefs’ Warehouse during the second quarter worth $7,518,000. Nuveen Asset Management LLC acquired a new position in Chefs’ Warehouse during the second quarter worth $5,915,000. BlackRock Inc. raised its position in Chefs’ Warehouse by 4.4% during the second quarter. BlackRock Inc. now owns 3,486,802 shares of the company’s stock worth $122,283,000 after acquiring an additional 146,465 shares during the period. Renaissance Technologies LLC raised its position in Chefs’ Warehouse by 11.1% during the second quarter. Renaissance Technologies LLC now owns 1,269,300 shares of the company’s stock worth $44,514,000 after acquiring an additional 127,000 shares during the period. Finally, Morgan Stanley raised its position in Chefs’ Warehouse by 179.2% during the second quarter. Morgan Stanley now owns 178,216 shares of the company’s stock worth $6,251,000 after acquiring an additional 114,390 shares during the period. Institutional investors own 83.71% of the company’s stock.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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