National Securities reissued their buy rating on shares of Chefs’ Warehouse (NASDAQ:CHEF) in a research note published on Wednesday, AnalystRatings.com reports. National Securities currently has a $30.00 price target on the stock.
A number of other research firms also recently commented on CHEF. ValuEngine raised shares of Chefs’ Warehouse from a hold rating to a buy rating in a report on Friday, May 8th. BTIG Research began coverage on Chefs’ Warehouse in a research note on Thursday, July 16th. They issued a neutral rating on the stock. Zacks Investment Research cut Chefs’ Warehouse from a hold rating to a sell rating in a research note on Monday, July 27th. BMO Capital Markets raised their target price on Chefs’ Warehouse from $14.00 to $15.00 and gave the company a market perform rating in a research note on Thursday, May 7th. Finally, BidaskClub cut Chefs’ Warehouse from a sell rating to a strong sell rating in a research note on Saturday, July 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $25.33.
Shares of NASDAQ:CHEF opened at $11.53 on Wednesday. Chefs’ Warehouse has a 52-week low of $3.55 and a 52-week high of $42.06. The company has a quick ratio of 2.38, a current ratio of 3.54 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $424.30 million, a price-to-earnings ratio of -21.35 and a beta of 2.00. The company has a 50 day moving average of $13.63 and a two-hundred day moving average of $19.79.
Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.04). The business had revenue of $200.50 million during the quarter, compared to analyst estimates of $213.72 million. Chefs’ Warehouse had a negative return on equity of 5.13% and a negative net margin of 1.37%. The business’s revenue for the quarter was down 51.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities analysts anticipate that Chefs’ Warehouse will post -1.23 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank increased its stake in Chefs’ Warehouse by 30.8% in the 2nd quarter. Comerica Bank now owns 32,320 shares of the company’s stock worth $414,000 after purchasing an additional 7,616 shares in the last quarter. M&T Bank Corp grew its stake in Chefs’ Warehouse by 8.6% during the 2nd quarter. M&T Bank Corp now owns 16,621 shares of the company’s stock valued at $226,000 after acquiring an additional 1,322 shares in the last quarter. Stone Ridge Asset Management LLC grew its stake in Chefs’ Warehouse by 7.2% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 20,912 shares of the company’s stock valued at $284,000 after acquiring an additional 1,400 shares in the last quarter. First Trust Advisors LP grew its stake in Chefs’ Warehouse by 102.4% during the 2nd quarter. First Trust Advisors LP now owns 91,367 shares of the company’s stock valued at $1,241,000 after acquiring an additional 46,221 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Chefs’ Warehouse by 22.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 12,538 shares of the company’s stock valued at $170,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 62.88% of the company’s stock.
About Chefs’ Warehouse
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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