The Chefs’ Warehouse Inc. (CHEF) Shares Up 5%
The Chefs’ Warehouse Inc. (NASDAQ:CHEF)’s share price shot up 5% during trading on Friday . The company traded as high as $11.17 and last traded at $11.01, with a volume of 200,025 shares traded. The stock had previously closed at $10.49.
A number of research firms have recently commented on CHEF. Canaccord Genuity reissued a “hold” rating on shares of The Chefs’ Warehouse in a report on Sunday, April 17th. Jefferies Group reissued a “buy” rating and set a $20.00 price target on shares of The Chefs’ Warehouse in a report on Wednesday, May 4th. TheStreet cut The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Zacks Investment Research cut The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $15.00 price target on shares of The Chefs’ Warehouse in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The Chefs’ Warehouse presently has an average rating of “Hold” and a consensus price target of $18.80.
The company’s 50 day moving average price is $15.51 and its 200 day moving average price is $16.67. The stock has a market cap of $282.44 million and a PE ratio of 63.74.
The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.07. The firm earned $291.20 million during the quarter, compared to analysts’ expectations of $297.28 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The Chefs’ Warehouse’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that The Chefs’ Warehouse Inc. will post $0.42 EPS for the current fiscal year.
A hedge fund recently raised its stake in The Chefs’ Warehouse stock. Dimensional Fund Advisors LP boosted its position in shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) by 17.2% during the fourth quarter, according to its most recent 13F filing 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 approximately 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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