The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) – Analysts at Jefferies Group lowered their Q3 2017 earnings estimates for shares of The Chefs’ Warehouse in a note issued to investors on Friday. Jefferies Group analyst C. Mandeville now anticipates that the company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.11. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for The Chefs’ Warehouse’s Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.60 EPS, FY2019 earnings at $0.73 EPS, FY2020 earnings at $0.87 EPS and FY2021 earnings at $0.97 EPS.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $331.70 million for the quarter, compared to analyst estimates of $325.16 million. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share.

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Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. ValuEngine downgraded shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub raised shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. Canaccord Genuity started coverage on shares of The Chefs’ Warehouse in a report on Tuesday, July 4th. They set a “buy” rating and a $18.00 price objective for the company. Finally, Loop Capital started coverage on shares of The Chefs’ Warehouse in a report on Monday, May 15th. They set a “buy” rating and a $18.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $18.00.

Shares of The Chefs’ Warehouse (CHEF) opened at 16.90 on Monday. The Chefs’ Warehouse has a 12 month low of $10.71 and a 12 month high of $18.30. The firm has a 50-day moving average price of $15.05 and a 200-day moving average price of $14.63. The stock has a market cap of $445.48 million, a price-to-earnings ratio of 35.06 and a beta of 1.13.

Several hedge funds have recently bought and sold shares of CHEF. Kayne Anderson Rudnick Investment Management LLC boosted its position in 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 valued at $67,985,000 after buying an additional 950,266 shares during the last quarter. Alliancebernstein L.P. boosted its position in The Chefs’ Warehouse by 30.1% in the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock valued at $24,184,000 after buying an additional 430,943 shares during the last quarter. Wells Fargo & Company MN boosted its position in The Chefs’ Warehouse by 82.2% in the first quarter. Wells Fargo & Company MN now owns 447,608 shares of the company’s stock valued at $6,221,000 after buying an additional 201,912 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in The Chefs’ Warehouse by 18.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock valued at $13,115,000 after buying an additional 158,345 shares during the last quarter. Finally, Systematic Financial Management LP bought a new position in The Chefs’ Warehouse during the second quarter valued at approximately $1,185,000. 78.01% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for The Chefs` Warehouse (NASDAQ:CHEF)

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