Analysts Set The Chefs’ Warehouse Inc. (CHEF) Target Price at $13.67
Shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) have been given an average recommendation of “Hold” by the seven analysts that are covering the firm. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.67.
A number of research firms have recently issued reports on CHEF. Zacks Investment Research lowered The Chefs’ Warehouse from a “buy” rating to a “sell” rating in a report on Friday, August 5th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $15.00 target price on shares of The Chefs’ Warehouse in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $14.00 price objective (down previously from $15.00) on shares of The Chefs’ Warehouse in a report on Friday, September 30th. Finally, Barclays PLC assumed coverage on The Chefs’ Warehouse in a report on Friday, September 23rd. They set an “equal weight” rating and a $12.00 price objective on the stock.
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in The Chefs’ Warehouse by 3.8% in the second quarter. Vanguard Group Inc. now owns 873,124 shares of the company’s stock worth $13,970,000 after buying an additional 31,853 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in The Chefs’ Warehouse by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 690,781 shares of the company’s stock worth $11,052,000 after buying an additional 96,283 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in The Chefs’ Warehouse by 4.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,658,252 shares of the company’s stock worth $58,532,000 after buying an additional 165,488 shares during the last quarter. Nationwide Fund Advisors increased its stake in The Chefs’ Warehouse by 4.1% in the second quarter. Nationwide Fund Advisors now owns 13,562 shares of the company’s stock worth $217,000 after buying an additional 533 shares during the last quarter. Finally, GMT Capital Corp purchased a new stake in The Chefs’ Warehouse during the second quarter worth approximately $4,846,000. Institutional investors own 76.81% of the company’s stock.
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Shares of The Chefs’ Warehouse (NASDAQ:CHEF) opened at 13.05 on Friday. The Chefs’ Warehouse has a 52 week low of $10.31 and a 52 week high of $20.79. The firm has a market capitalization of $342.61 million, a P/E ratio of 621.43 and a beta of 1.32. The firm has a 50 day moving average price of $12.25 and a 200-day moving average price of $13.45.
The Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, November 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The company earned $297.90 million during the quarter, compared to analyst estimates of $299.70 million. The Chefs’ Warehouse had a net margin of 0.05% and a return on equity of 7.47%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. Equities research analysts predict that The Chefs’ Warehouse will post $0.43 EPS for the current fiscal 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. It 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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