The Chefs’ Warehouse, Inc. (CHEF) Rating Increased to Outperform at BMO Capital Markets

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday.

Several other research analysts also recently issued reports on CHEF. BidaskClub raised The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine downgraded The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of The Chefs’ Warehouse in a research note on Friday, August 11th. Finally, Jefferies Group LLC set a $20.00 price objective on The Chefs’ Warehouse and gave the company a “buy” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.67.

The Chefs’ Warehouse (NASDAQ:CHEF) opened at $17.55 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.31 and a current ratio of 2.26. The company has a market capitalization of $494.09, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.36 and a beta of 1.09. The Chefs’ Warehouse has a 52 week low of $11.85 and a 52 week high of $21.90.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm had revenue of $325.08 million during the quarter, compared to the consensus estimate of $322.78 million. The Chefs’ Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. sell-side analysts forecast that The Chefs’ Warehouse will post 0.41 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its holdings in The Chefs’ Warehouse by 30.1% in the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock valued at $24,184,000 after acquiring an additional 430,943 shares during the last quarter. Legion Partners Asset Management LLC boosted its holdings in The 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 acquiring an additional 174,876 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in The 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 acquiring an additional 146,794 shares during the last quarter. Vanguard Group Inc. boosted its holdings in The 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 acquiring an additional 51,879 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in The Chefs’ Warehouse by 1.7% in the second quarter. Wells Fargo & Company MN now owns 455,020 shares of the company’s stock valued at $5,915,000 after acquiring an additional 7,412 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

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. 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.

Analyst Recommendations for The Chefs` Warehouse (NASDAQ:CHEF)

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