Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $16.67.
Several analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 price target (up from $12.00) on shares of The Chefs’ Warehouse in a report on Friday, February 24th. Zacks Investment Research raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Barclays PLC reaffirmed an “equal weight” rating and issued a $14.00 price target (up from $12.00) on shares of The Chefs’ Warehouse in a report on Wednesday, February 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.00 price target on shares of The Chefs’ Warehouse in a report on Thursday, June 1st. Finally, Canaccord Genuity assumed coverage on shares of The Chefs’ Warehouse in a report on Friday, April 7th. They issued a “buy” rating and a $18.00 price target on the stock.
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Shares of The Chefs’ Warehouse (CHEF) traded down 0.34% during trading on Friday, reaching $14.65. 147,135 shares of the company’s stock traded hands. The company has a market capitalization of $386.04 million, a price-to-earnings ratio of 976.67 and a beta of 1.03. The Chefs’ Warehouse has a 1-year low of $10.31 and a 1-year high of $17.15. The stock has a 50-day moving average of $14.91 and a 200-day moving average of $14.89.
The Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Tuesday, May 9th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $287.70 million during the quarter, compared to the consensus estimate of $284.45 million. The Chefs’ Warehouse had a net margin of 0.03% and a return on equity of 4.75%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, equities analysts predict that The Chefs’ Warehouse will post $0.38 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Highbridge Capital Management LLC bought a new stake in The Chefs’ Warehouse during the first quarter valued at about $491,000. Rutabaga Capital Management LLC MA boosted 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 period. Schwab Charles Investment Management Inc. boosted its stake in shares of The Chefs’ Warehouse by 6.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 68,754 shares of the company’s stock worth $956,000 after buying an additional 4,104 shares during the period. Morgan Stanley boosted its stake in shares of The Chefs’ Warehouse by 2.0% in the first quarter. Morgan Stanley now owns 57,459 shares of the company’s stock worth $799,000 after buying an additional 1,146 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of The Chefs’ Warehouse by 19.9% in the first quarter. Dimensional Fund Advisors LP now owns 850,510 shares of the company’s stock worth $11,822,000 after buying an additional 140,918 shares during the period. 76.99% of the stock is currently owned by hedge funds and other institutional investors.
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.
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