Chefs’ Warehouse Inc (NASDAQ:CHEF) Receives Consensus Rating of “Buy” from Brokerages

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Chefs’ Warehouse Inc (NASDAQ:CHEF) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $36.16.

CHEF has been the subject of a number of research analyst reports. TheStreet upgraded Chefs’ Warehouse from a “c+” rating to a “b-” rating in a report on Friday, July 5th. Zacks Investment Research downgraded Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub upgraded Chefs’ Warehouse from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 14th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new stake in Chefs’ Warehouse in the 2nd quarter valued at $45,000. Aperio Group LLC acquired a new stake in Chefs’ Warehouse in the 2nd quarter valued at $74,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Chefs’ Warehouse by 57.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock valued at $67,000 after purchasing an additional 784 shares in the last quarter. Avestar Capital LLC acquired a new stake in Chefs’ Warehouse in the 1st quarter valued at $77,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Chefs’ Warehouse by 1,074.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,520 shares of the company’s stock valued at $140,000 after purchasing an additional 4,135 shares in the last quarter. Hedge funds and other institutional investors own 83.68% of the company’s stock.

Shares of CHEF stock traded down $0.27 on Thursday, reaching $40.28. 138,640 shares of the stock were exchanged, compared to its average volume of 170,541. The stock has a market cap of $1.21 billion, a P/E ratio of 51.67, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. The company has a quick ratio of 1.40, a current ratio of 2.28 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $38.32 and a two-hundred day moving average of $34.25. Chefs’ Warehouse has a 1-year low of $29.56 and a 1-year high of $42.06.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $410.13 million. Chefs’ Warehouse had a return on equity of 8.55% and a net margin of 1.44%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities research analysts predict that Chefs’ Warehouse will post 1.01 EPS for the current fiscal year.

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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