The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Loop Capital started coverage on shares of The Chefs’ Warehouse in a research note on Monday, May 15th. They issued a “buy” rating and a $18.00 price target on the stock. BMO Capital Markets set a $16.00 price target on shares of The Chefs’ Warehouse and gave the company a “hold” rating in a research note on Thursday, August 3rd. ValuEngine raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Canaccord Genuity started coverage on shares of The Chefs’ Warehouse in a research note on Tuesday, July 4th. They issued a “buy” rating and a $18.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.50.

Shares of The Chefs’ Warehouse (NASDAQ CHEF) traded up 14.48% during trading on Thursday, hitting $16.60. The stock had a trading volume of 148,024 shares. The firm has a market cap of $437.43 million, a P/E ratio of 1106.67 and a beta of 1.13. The firm has a 50 day moving average price of $13.61 and a 200 day moving average price of $14.51. The Chefs’ Warehouse has a 12-month low of $10.71 and a 12-month high of $17.15.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a return on equity of 4.75% and a net margin of 0.03%. The firm had revenue of $331.70 million for the quarter, compared to analysts’ expectations of $325.16 million. During the same period last year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts expect that The Chefs’ Warehouse will post $0.38 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Alambic Investment Management L.P. purchased a new stake in shares of The Chefs’ Warehouse during the first quarter worth about $410,000. Oxford Asset Management purchased a new stake in shares of The Chefs’ Warehouse during the first quarter worth about $615,000. Trexquant Investment LP increased its stake in shares of The Chefs’ Warehouse by 45.4% in the first quarter. Trexquant Investment LP now owns 18,469 shares of the company’s stock worth $257,000 after buying an additional 5,769 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of The Chefs’ Warehouse by 24.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,890,991 shares of the company’s stock worth $67,985,000 after buying an additional 950,266 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. increased its stake in shares of The Chefs’ Warehouse by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 362,345 shares of the company’s stock worth $5,036,000 after buying an additional 19,387 shares in the last quarter. Institutional investors and hedge funds own 76.24% of the company’s stock.

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. 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.

Analyst Recommendations for The Chefs` Warehouse (NASDAQ:CHEF)

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