The Chefs’ Warehouse, Inc. (CHEF) PT Raised to $22.00
The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) had its target price boosted by research analysts at Loop Capital from $21.00 to $22.00 in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. Loop Capital’s target price would suggest a potential upside of 30.95% from the company’s previous close.
Several other analysts also recently issued reports on CHEF. BidaskClub raised shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine cut shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BMO Capital Markets set a $16.00 price objective on shares of The Chefs’ Warehouse and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of The Chefs’ Warehouse in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.67.
Shares of The Chefs’ Warehouse (NASDAQ CHEF) traded up $0.20 on Friday, reaching $16.80. 385,500 shares of the company were exchanged, compared to its average volume of 171,603. The Chefs’ Warehouse has a 52-week low of $11.85 and a 52-week high of $21.90. The stock has a market capitalization of $494.09, a P/E ratio of 44.21, a PEG ratio of 2.16 and a beta of 1.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.26 and a quick ratio of 1.31.
The Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The company had revenue of $325.08 million during the quarter, compared to the consensus estimate of $322.78 million. The Chefs’ Warehouse had a net margin of 1.09% and a return on equity of 5.08%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. equities analysts predict that The Chefs’ Warehouse will post 0.41 earnings per share for the current year.
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Several large investors have recently made changes to their positions in CHEF. Voya Investment Management LLC acquired a new stake in shares of The Chefs’ Warehouse in the 2nd quarter valued at approximately $132,000. Stifel Financial Corp acquired a new stake in The Chefs’ Warehouse during the 2nd quarter worth approximately $151,000. Bank of Montreal Can raised its holdings in The Chefs’ Warehouse by 4,428.6% during the 2nd quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock worth $157,000 after buying an additional 11,780 shares during the period. American International Group Inc. raised its holdings in The Chefs’ Warehouse by 7.1% during the 1st quarter. American International Group Inc. now owns 11,917 shares of the company’s stock worth $166,000 after buying an additional 791 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in The Chefs’ Warehouse by 4.5% during the 2nd quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock worth $197,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds own 80.56% 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.
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