Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Chefs' Warehouse from a sell rating to a hold rating in a research note on Wednesday, February 14th. BMO Capital Markets upgraded Chefs' Warehouse from a market perform rating to an outperform rating in a research note on Monday, November 13th. 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 price objective on Chefs' Warehouse from $21.00 to $22.00 and gave the company a buy rating in a research note on Friday, November 10th. Finally, Zacks Investment Research cut Chefs' Warehouse from a hold rating to a sell rating in a research note on Monday, November 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $21.20.
Shares of Chefs' Warehouse (NASDAQ:CHEF) opened at $22.45 on Wednesday. The firm has a market capitalization of $638.97, a P/E ratio of 52.21, a P/E/G ratio of 1.42 and a beta of 1.02. Chefs' Warehouse has a 52 week low of $11.85 and a 52 week high of $22.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.31 and a current ratio of 2.26.
Chefs' Warehouse (NASDAQ:CHEF) last posted its earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $352.95 million. Chefs' Warehouse had a return on equity of 5.83% and a net margin of 1.10%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. analysts forecast that Chefs' Warehouse will post 0.73 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. lifted its stake in Chefs' Warehouse by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 1,995,782 shares of the company’s stock valued at $40,914,000 after buying an additional 200,639 shares during the last quarter. Legion Partners Asset Management LLC lifted its stake 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 valued at $32,892,000 after buying an additional 174,876 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Chefs' Warehouse by 14.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,155,649 shares of the company’s stock valued at $22,304,000 after buying an additional 146,794 shares during the last quarter. Vanguard Group Inc. lifted its stake in Chefs' Warehouse by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock valued at $13,282,000 after buying an additional 51,879 shares during the last quarter. Finally, Jefferies Group LLC purchased a new stake in Chefs' Warehouse in the fourth quarter valued at approximately $14,850,000. Institutional investors own 80.28% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2018/02/25/canaccord-genuity-reiterates-buy-rating-for-chefs-warehouse-chef.html.
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.
Receive News & Ratings for Chefs' Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chefs' Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.