Shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $36.16.
CHEF has been the subject of several research reports. BMO Capital Markets upgraded Chefs’ Warehouse from a “market perform” rating to an “outperform” rating and set a $33.31 price target for the company in a research report on Wednesday, May 1st. TheStreet upgraded Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Friday, July 5th. Barclays reiterated a “hold” rating on shares of Chefs’ Warehouse in a research report on Sunday, May 5th. BidaskClub upgraded Chefs’ Warehouse from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th.
Shares of CHEF traded down $1.39 during trading hours on Friday, hitting $37.94. 226,874 shares of the stock were exchanged, compared to its average volume of 192,170. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.40 and a current ratio of 2.28. Chefs’ Warehouse has a 12-month low of $27.85 and a 12-month high of $39.57. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 48.64, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81. The stock’s 50-day moving average price is $36.28 and its two-hundred day moving average price is $33.58.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Chefs’ Warehouse had a return on equity of 8.55% and a net margin of 1.44%. The firm had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $410.13 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, research analysts expect that Chefs’ Warehouse will post 1.01 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of CHEF. State Board of Administration of Florida Retirement System grew its holdings in Chefs’ Warehouse by 4.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,411 shares of the company’s stock valued at $400,000 after buying an additional 530 shares in the last quarter. Texas Permanent School Fund grew its holdings in Chefs’ Warehouse by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 15,669 shares of the company’s stock valued at $487,000 after buying an additional 568 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Chefs’ Warehouse by 57.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock valued at $67,000 after buying an additional 784 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Chefs’ Warehouse in the 2nd quarter valued at $45,000. Finally, JPMorgan Chase & Co. grew its holdings in Chefs’ Warehouse by 25.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,632 shares of the company’s stock valued at $225,000 after buying an additional 1,327 shares in the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.
About Chefs’ Warehouse
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.
Read More: What is a growth and income fund?
Receive News & Ratings for Chefs' Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chefs' Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.