Zacks Investment Research lowered shares of Chefs' Warehouse (NASDAQ:CHEF) from a hold rating to a sell rating in a report published on Tuesday morning.

According to Zacks, “Chefs’ Warehouse Holdings, LLC is a distributor of specialty food products in the United States. The Company is focused on serving the specific needs of chefs who own and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, hormone-free protein, truffles, caviar, and chocolate. It also offers cooking oils, butter, eggs, milk, and flour. Chefs’ Warehouse Holdings, LLC is based in Ridgefield, Connecticut. “

Other research analysts also recently issued reports about the company. TheStreet upgraded Chefs' Warehouse from a c+ rating to a b- rating in a research note on Monday, October 2nd. Jefferies Group restated a buy rating and set a $23.00 target price on shares of Chefs' Warehouse in a research note on Friday, November 10th. Loop Capital boosted their target price on Chefs' Warehouse from $21.00 to $22.00 and gave the stock a buy rating in a research note on Friday, November 10th. Canaccord Genuity restated a buy rating and set a $22.00 target price on shares of Chefs' Warehouse in a research note on Thursday, November 9th. Finally, BMO Capital Markets upgraded Chefs' Warehouse from a market perform rating to an outperform rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $20.00.

Chefs' Warehouse (NASDAQ CHEF) traded down $0.25 on Tuesday, hitting $20.00. The stock had a trading volume of 124,318 shares, compared to its average volume of 131,271. The company has a market cap of $562.83, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 1.86 and a beta of 1.09. The company has a current ratio of 2.26, a quick ratio of 1.31 and a debt-to-equity ratio of 1.54. Chefs' Warehouse has a 52-week low of $11.85 and a 52-week high of $21.90.

Chefs' Warehouse (NASDAQ:CHEF) last released its quarterly 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. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The firm had revenue of $325.08 million during the quarter, compared to analyst estimates of $322.78 million. During the same period in the previous year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts forecast that Chefs' Warehouse will post 0.41 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Legion Partners Asset Management LLC grew its stake in Chefs' Warehouse by 11.4% during the 3rd quarter. Legion Partners Asset Management LLC now owns 1,704,239 shares of the company’s stock worth $32,892,000 after buying an additional 174,876 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in Chefs' Warehouse during the 3rd quarter valued at about $1,569,000. Dimensional Fund Advisors LP grew its stake in Chefs' Warehouse by 14.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,155,649 shares of the company’s stock valued at $22,304,000 after purchasing an additional 146,794 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Chefs' Warehouse by 6.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 73,405 shares of the company’s stock valued at $1,417,000 after purchasing an additional 4,195 shares during the last quarter. Finally, Cadence Capital Management LLC grew its stake in Chefs' Warehouse by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 74,635 shares of the company’s stock valued at $1,440,000 after purchasing an additional 3,606 shares during the last quarter. Hedge funds and other institutional investors own 72.96% of the company’s stock.

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About 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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Analyst Recommendations for Chefs' Warehouse (NASDAQ:CHEF)

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