Zacks Investment Research lowered shares of Chefs' Warehouse (NASDAQ:CHEF) from a hold rating to a sell rating in a research report report published on Tuesday.
According to Zacks, “Chefs’ Warehouse Holdings, LLC is a distributor of specialty food products in the United States. The Company is focused on serving the specific needs of chefs who own and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, hormone-free protein, truffles, caviar, and chocolate. It also offers cooking oils, butter, eggs, milk, and flour. Chefs’ Warehouse Holdings, LLC is based in Ridgefield, Connecticut. “
A number of other analysts also recently weighed in on CHEF. TheStreet upgraded Chefs' Warehouse from a c+ rating to a b- rating in a report on Monday, October 2nd. Canaccord Genuity reiterated a buy rating and set a $22.00 price target on shares of Chefs' Warehouse in a report on Thursday, November 9th. Loop Capital increased their price target on Chefs' Warehouse from $21.00 to $22.00 and gave the stock a buy rating in a report on Friday, November 10th. Jefferies Group reiterated a buy rating and set a $23.00 price target on shares of Chefs' Warehouse in a report on Friday, November 10th. Finally, BMO Capital Markets upgraded Chefs' Warehouse from a market perform rating to an outperform rating in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $20.00.
Shares of Chefs' Warehouse (NASDAQ:CHEF) traded up $0.30 during trading hours on Tuesday, reaching $20.65. The company had a trading volume of 96,251 shares, compared to its average volume of 126,800. The company has a market cap of $592.01, a price-to-earnings ratio of 38.96, a P/E/G ratio of 1.86 and a beta of 1.09. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.31 and a current ratio of 2.26. Chefs' Warehouse has a twelve month low of $11.85 and a twelve month high of $21.90.
Chefs' Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The business had revenue of $325.08 million during the quarter, compared to analyst estimates of $322.78 million. During the same period last year, the company earned $0.07 EPS. Chefs' Warehouse’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts anticipate that Chefs' Warehouse will post 0.41 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of CHEF. Schwab Charles Investment Management Inc. grew its stake in shares of Chefs' Warehouse by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 69,210 shares of the company’s stock valued at $900,000 after buying an additional 456 shares during the period. Rhumbline Advisers grew its stake in shares of Chefs' Warehouse by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 21,000 shares of the company’s stock valued at $273,000 after buying an additional 1,595 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Chefs' Warehouse by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,628 shares of the company’s stock valued at $931,000 after buying an additional 554 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Chefs' Warehouse by 5.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 80,302 shares of the company’s stock valued at $1,044,000 after buying an additional 4,135 shares during the period. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Chefs' Warehouse in the 2nd quarter valued at about $1,057,000. Institutional investors own 72.96% of the company’s stock.
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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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