Shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) traded down 3.1% during mid-day trading on Tuesday . The stock traded as low as $10.75 and last traded at $10.81, with a volume of 101,493 shares trading hands. The stock had previously closed at $11.16.

Several analysts have issued reports on the company. Zacks Investment Research lowered The Chefs’ Warehouse from a “buy” rating to a “sell” rating in a research note on Friday, August 5th. JPMorgan Chase & Co. restated a “hold” rating and issued a $15.00 target price on shares of The Chefs’ Warehouse in a research note on Wednesday, August 3rd. TheStreet lowered The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, Jefferies Group restated a “buy” rating and issued a $20.00 target price on shares of The Chefs’ Warehouse in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.80.

The company has a market cap of $284.87 million and a P/E ratio of 63.51. The stock’s 50 day moving average price is $14.61 and its 200-day moving average price is $16.58.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.07. The company earned $291.20 million during the quarter, compared to the consensus estimate of $297.28 million. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Equities research analysts anticipate that The Chefs’ Warehouse Inc. will post $0.42 earnings per share for the current year.

An institutional investor recently raised its position in The Chefs’ Warehouse stock. Dimensional Fund Advisors LP increased its stake in The Chefs’ Warehouse Inc. (NASDAQ:CHEF) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 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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