The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) had its price target increased by Canaccord Genuity from $19.00 to $20.00 in a research note issued to investors on Tuesday morning. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on CHEF. BidaskClub raised shares of The Chefs’ Warehouse from a hold rating to a buy rating in a research report on Thursday, August 10th. BMO Capital Markets reissued a market perform rating and set a $18.00 price target (up from $16.00) on shares of The Chefs’ Warehouse in a research report on Thursday, August 10th. Zacks Investment Research raised shares of The Chefs’ Warehouse from a hold rating to a buy rating and set a $19.00 price target on the stock in a research report on Friday, August 11th. Jefferies Group LLC set a $20.00 price target on shares of The Chefs’ Warehouse and gave the stock a buy rating in a research report on Friday, August 25th. Finally, ValuEngine raised shares of The Chefs’ Warehouse from a sell rating to a hold rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $18.17.

Shares of The Chefs’ Warehouse (NASDAQ:CHEF) opened at 17.25 on Tuesday. The Chefs’ Warehouse has a 52 week low of $10.71 and a 52 week high of $18.30. The firm has a market capitalization of $454.71 million, a P/E ratio of 35.79 and a beta of 1.13. The firm’s 50-day moving average is $15.59 and its 200 day moving average is $14.64.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $331.70 million for the quarter, compared to analysts’ expectations of $325.16 million. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.56%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. Equities research analysts forecast that The Chefs’ Warehouse will post $0.41 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of CHEF. Kayne Anderson Rudnick Investment Management LLC raised 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 during the last quarter. Alliancebernstein L.P. raised its stake in shares of The Chefs’ Warehouse by 30.1% in the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock worth $24,184,000 after buying an additional 430,943 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of The Chefs’ Warehouse by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock worth $13,282,000 after buying an additional 51,879 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $13,115,000 after buying an additional 158,345 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA raised its stake in shares of The Chefs’ Warehouse by 1.9% in the first quarter. Rutabaga Capital Management LLC MA now owns 715,758 shares of the company’s stock worth $9,949,000 after buying an additional 13,550 shares during the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

About The Chefs’ Warehouse

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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