Recent Analysts’ Ratings Updates for Chefs’ Warehouse (CHEF)

A number of research firms have changed their ratings and price targets for Chefs’ Warehouse (NASDAQ: CHEF):

  • 5/14/2019 – Chefs’ Warehouse was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 5/6/2019 – Chefs’ Warehouse was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Chefs’ Warehouse Holdings, LLC is a distributor of specialty food products in the United States. The Company is focused on serving the specific needs of chefs who own and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, hormone-free protein, truffles, caviar, and chocolate. It also offers cooking oils, butter, eggs, milk, and flour. Chefs’ Warehouse Holdings, LLC is based in Ridgefield, Connecticut. “
  • 5/6/2019 – Chefs’ Warehouse was downgraded by analysts at TheStreet from a “b+” rating to a “c+” rating.
  • 5/5/2019 – Chefs’ Warehouse had its “hold” rating reaffirmed by analysts at Barclays PLC.
  • 5/1/2019 – Chefs’ Warehouse was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $33.31 price target on the stock.
  • 4/16/2019 – Chefs’ Warehouse was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Chefs’ Warehouse Holdings, LLC is a distributor of specialty food products in the United States. The Company is focused on serving the specific needs of chefs who own and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, hormone-free protein, truffles, caviar, and chocolate. It also offers cooking oils, butter, eggs, milk, and flour. Chefs’ Warehouse Holdings, LLC is based in Ridgefield, Connecticut. “
  • 3/21/2019 – Chefs’ Warehouse was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.

CHEF opened at $33.84 on Friday. Chefs’ Warehouse Inc has a 52 week low of $26.25 and a 52 week high of $39.26. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 2.18 and a beta of 0.81. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.91.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Chefs’ Warehouse had a net margin of 1.42% and a return on equity of 8.02%. The business had revenue of $357.03 million during the quarter, compared to the consensus estimate of $348.33 million. During the same period in the previous year, the business posted $0.03 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that Chefs’ Warehouse Inc will post 1.03 EPS for the current fiscal year.

In related news, General Counsel Alexandros Aldous sold 8,632 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $31.05, for a total value of $268,023.60. Following the completion of the transaction, the general counsel now owns 48,290 shares of the company’s stock, valued at approximately $1,499,404.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Cugine purchased 905 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average cost of $33.01 per share, with a total value of $29,874.05. Following the acquisition, the director now owns 21,336 shares in the company, valued at approximately $704,301.36. The disclosure for this purchase can be found here. 15.90% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Chefs’ Warehouse by 57.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock worth $67,000 after purchasing an additional 784 shares during the last quarter. Avestar Capital LLC bought a new stake in Chefs’ Warehouse in the first quarter worth about $77,000. BNP Paribas Arbitrage SA lifted its stake in Chefs’ Warehouse by 1,074.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,520 shares of the company’s stock worth $140,000 after purchasing an additional 4,135 shares during the last quarter. Flinton Capital Management LLC bought a new stake in Chefs’ Warehouse in the fourth quarter worth about $155,000. Finally, Neuburgh Advisers LLC bought a new stake in Chefs’ Warehouse in the fourth quarter worth about $188,000. 83.33% of the stock is owned by hedge funds and other institutional investors.

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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