Stock analysts at Barclays PLC assumed coverage on shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) in a research report issued on Friday. The firm set an “equal weight” rating on the stock.
A number of other research firms have also weighed in on CHEF. Zacks Investment Research lowered The Chefs’ Warehouse from a “buy” rating to a “sell” rating in a research note on Friday, August 5th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $15.00 target price on shares of The Chefs’ Warehouse in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The Chefs’ Warehouse has an average rating of “Hold” and a consensus target price of $18.80.
Shares of The Chefs’ Warehouse (NASDAQ:CHEF) opened at 11.97 on Friday. The firm has a 50-day moving average price of $11.44 and a 200-day moving average price of $15.82. The firm has a market cap of $313.99 million, a PE ratio of 70.00 and a beta of 1.57. The Chefs’ Warehouse has a 52 week low of $10.31 and a 52 week high of $20.79.
The Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.07. The Chefs’ Warehouse had a return on equity of 9.53% and a net margin of 0.39%. The firm earned $291.20 million during the quarter, compared to analysts’ expectations of $297.28 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The Chefs’ Warehouse’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that The Chefs’ Warehouse will post $0.42 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHEF. BlackRock Group LTD raised its position in The Chefs’ Warehouse by 60.2% in the first quarter. BlackRock Group LTD now owns 7,385 shares of the company’s stock worth $150,000 after buying an additional 2,775 shares during the last quarter. BlackRock Advisors LLC raised its position in The Chefs’ Warehouse by 0.6% in the second quarter. BlackRock Advisors LLC now owns 9,511 shares of the company’s stock worth $152,000 after buying an additional 53 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in The Chefs’ Warehouse during the second quarter worth approximately $171,000. American International Group Inc. raised its position in The Chefs’ Warehouse by 0.9% in the second quarter. American International Group Inc. now owns 11,138 shares of the company’s stock worth $178,000 after buying an additional 97 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in The Chefs’ Warehouse during the second quarter worth approximately $193,000. 76.23% of the stock is owned by institutional investors and hedge funds.
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. It 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.
Receive News & Ratings for The Chefs' Warehouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Chefs' Warehouse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.