Chefs' Warehouse Inc (CHEF) Receives Average Rating of “Buy” from Analysts

Shares of Chefs' Warehouse Inc (NASDAQ:CHEF) have received an average recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.25.

CHEF has been the topic of several research analyst reports. BMO Capital Markets raised shares of Chefs' Warehouse from a “market perform” rating to an “outperform” rating in a research report on Monday, November 13th. Zacks Investment Research cut shares of Chefs' Warehouse from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Jefferies Group set a $20.00 price target on shares of Chefs' Warehouse and gave the stock a “buy” rating in a research report on Friday, August 25th. Loop Capital increased their price target on shares of Chefs' Warehouse from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price target on shares of Chefs' Warehouse in a research report on Thursday, November 9th.

A number of hedge funds and other institutional investors have recently modified their holdings of CHEF. Alliancebernstein L.P. lifted its holdings in 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 acquiring an additional 430,943 shares during the last quarter. Boston Partners bought a new position in Chefs' Warehouse in the third quarter worth about $7,095,000. Legion Partners Asset Management LLC lifted its holdings in Chefs' Warehouse by 11.4% in the third quarter. Legion Partners Asset Management LLC now owns 1,704,239 shares of the company’s stock worth $32,892,000 after acquiring an additional 174,876 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Chefs' Warehouse in the third quarter worth about $3,124,000. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 158,345 shares during the last quarter. 78.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chefs' Warehouse (NASDAQ:CHEF) traded up $0.25 during mid-day trading on Friday, hitting $20.40. 144,420 shares of the stock traded hands, compared to its average volume of 172,867. The company has a quick ratio of 1.31, a current ratio of 2.26 and a debt-to-equity ratio of 1.54. Chefs' Warehouse has a twelve month low of $11.85 and a twelve month high of $21.90. The company has a market capitalization of $537.92, a PE ratio of 53.29, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09.

Chefs' Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Chefs' Warehouse had a net margin of 1.09% and a return on equity of 5.08%. The business had revenue of $325.08 million for the quarter, compared to analysts’ expectations of $322.78 million. During the same quarter last year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. equities research analysts expect that Chefs' Warehouse will post 0.41 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Chefs' Warehouse (NASDAQ:CHEF)

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