BidaskClub cut shares of Chefs’ Warehouse (NASDAQ:CHEF) from a hold rating to a sell rating in a report issued on Saturday morning, BidAskClub reports.
Several other brokerages have also recently commented on CHEF. National Securities started coverage on Chefs’ Warehouse in a report on Thursday, February 27th. They issued a buy rating and a $42.00 target price on the stock. Zacks Investment Research cut Chefs’ Warehouse from a hold rating to a strong sell rating in a report on Tuesday, February 11th. ValuEngine cut Chefs’ Warehouse from a buy rating to a hold rating in a report on Friday, February 21st. Piper Jaffray Companies started coverage on Chefs’ Warehouse in a report on Wednesday, December 11th. They issued an overweight rating and a $41.00 target price on the stock. Finally, CL King started coverage on Chefs’ Warehouse in a report on Monday, November 11th. They issued a buy rating and a $41.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $39.55.
NASDAQ:CHEF opened at $22.46 on Friday. The stock has a market cap of $819.91 million, a P/E ratio of 27.73 and a beta of 0.96. The company has a current ratio of 3.02, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. The stock’s 50-day moving average is $35.05 and its 200-day moving average is $36.86. Chefs’ Warehouse has a 1-year low of $22.15 and a 1-year high of $42.06.
Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $426.51 million for the quarter, compared to analysts’ expectations of $428.88 million. Chefs’ Warehouse had a return on equity of 9.38% and a net margin of 1.52%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, equities analysts forecast that Chefs’ Warehouse will post 0.97 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its holdings in Chefs’ Warehouse by 188.5% in the fourth quarter. Advisors Asset Management Inc. now owns 880 shares of the company’s stock valued at $34,000 after acquiring an additional 575 shares during the last quarter. Squar Milner Financial Services LLC lifted its stake in Chefs’ Warehouse by 255.8% in the fourth quarter. Squar Milner Financial Services LLC now owns 3,170 shares of the company’s stock valued at $120,000 after buying an additional 2,279 shares during the period. Marshall Wace North America L.P. acquired a new position in Chefs’ Warehouse in the fourth quarter valued at approximately $166,000. Russell Investments Group Ltd. acquired a new position in Chefs’ Warehouse in the third quarter valued at approximately $176,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Chefs’ Warehouse in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 87.36% of the company’s stock.
Chefs’ Warehouse Company Profile
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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