Jefferies Group restated their buy rating on shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) in a research report sent to investors on Friday morning. Jefferies Group currently has a $14.00 price objective on the stock, down from their prior price objective of $15.00.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded The Chefs’ Warehouse from a buy rating to a sell rating in a research note on Friday, August 5th. JPMorgan Chase & Co. restated a hold rating and issued a $15.00 price target on shares of The Chefs’ Warehouse in a research note on Wednesday, August 3rd. Finally, Barclays PLC began coverage on The Chefs’ Warehouse in a research note on Friday, September 23rd. They issued an equal weight rating and a $12.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $16.00.
Shares of The Chefs’ Warehouse (NASDAQ:CHEF) opened at 11.51 on Friday. The firm has a market capitalization of $301.92 million, a P/E ratio of 67.31 and a beta of 1.47. The firm has a 50 day moving average price of $11.43 and a 200-day moving average price of $15.27. 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 results on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.07. The Chefs’ Warehouse had a net margin of 0.39% and a return on equity of 9.53%. The business earned $291.20 million during the quarter, compared to analysts’ expectations of $297.28 million. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that The Chefs’ Warehouse will post $0.41 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CHEF. Bank of Montreal Can bought a new stake in shares of The Chefs’ Warehouse during the second quarter valued at about $10,030,000. Jennison Associates LLC bought a new stake in shares of The Chefs’ Warehouse during the second quarter valued at about $8,083,000. GMT Capital Corp bought a new stake in shares of The Chefs’ Warehouse during the second quarter valued at about $4,846,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of The Chefs’ Warehouse by 4.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,658,252 shares of the company’s stock valued at $58,532,000 after buying an additional 165,488 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of The Chefs’ Warehouse by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 690,781 shares of the company’s stock valued at $11,052,000 after buying an additional 96,283 shares in the last quarter. Institutional investors own 76.23% of the company’s stock.
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. 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.
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