The Chefs’ Warehouse Inc. (NASDAQ:CHEF)’s share price traded down 6.4% during trading on Thursday . The stock traded as low as $10.31 and last traded at $10.69, with a volume of 493,188 shares trading hands. The stock had previously closed at $11.42.

Several equities analysts have recently commented on the company. Zacks Investment Research raised The Chefs’ Warehouse from a “sell” rating to a “hold” rating and set a $17.00 target price on the stock in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $15.00 target price on shares of The Chefs’ Warehouse in a research report on Wednesday. Canaccord Genuity reaffirmed a “hold” rating on shares of The Chefs’ Warehouse in a research report on Sunday, April 17th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of The Chefs’ Warehouse in a research report on Wednesday, May 4th. Finally, TheStreet downgraded The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The Chefs’ Warehouse presently has an average rating of “Hold” and an average price target of $18.80.

The stock has a 50 day moving average price of $15.77 and a 200 day moving average price of $16.76. The company has a market cap of $271.82 million and a price-to-earnings ratio of 61.35.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The business had revenue of $291.20 million for the quarter, compared to analysts’ expectations of $297.28 million. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, analysts forecast that The Chefs’ Warehouse Inc. will post $0.79 EPS for the current fiscal year.

An institutional investor recently raised its position in The Chefs’ Warehouse stock. Dimensional Fund Advisors LP boosted its stake in The Chefs’ Warehouse Inc. (NASDAQ:CHEF) by 17.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 455,680 shares of the company’s stock after buying an additional 66,787 shares during the period. Dimensional Fund Advisors LP owned 1.73% of The Chefs’ Warehouse worth $7,601,000 at the end of the most recent quarter.

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. It 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.

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