The Chefs’ Warehouse Inc. (CHEF) Trading 5% Higher
The Chefs’ Warehouse Inc. (NASDAQ:CHEF) shares traded up 5% during mid-day trading on Friday . The company traded as high as $11.17 and last traded at $11.01, with a volume of 200,025 shares. The stock had previously closed at $10.49.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of The Chefs’ Warehouse in a report on Wednesday, May 4th. TheStreet cut shares of The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Canaccord Genuity reaffirmed a “hold” rating on shares of The Chefs’ Warehouse in a report on Sunday, April 17th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $15.00 price target on shares of The Chefs’ Warehouse in a report on Wednesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.80.
The firm has a market cap of $282.44 million and a PE ratio of 63.74. The firm has a 50 day moving average price of $15.64 and a 200-day moving average price of $16.72.
The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.07. The company had revenue of $291.20 million for the quarter, compared to analysts’ expectations of $297.28 million. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Equities research analysts forecast that The Chefs’ Warehouse Inc. will post $0.68 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 disclosure with the SEC. The fund owned 455,680 shares of the company’s stock after buying an additional 66,787 shares during the period. Dimensional Fund Advisors LP owned about 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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