The Chefs’ Warehouse Inc. (CHEF) Shares Up 1.8%
The Chefs’ Warehouse Inc. (NASDAQ:CHEF)’s share price shot up 1.8% on Thursday . The company traded as high as $11.49 and last traded at $11.41, with a volume of 68,799 shares changing hands. The stock had previously closed at $11.21.
A number of brokerages recently weighed in on CHEF. Jefferies Group reissued a “buy” rating and set a $20.00 price objective 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 objective on shares of The Chefs’ Warehouse in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The Chefs’ Warehouse presently has a consensus rating of “Hold” and a consensus target price of $18.80.
The company has a 50-day moving average price of $13.89 and a 200 day moving average price of $16.45. The company has a market cap of $299.30 million and a price-to-earnings ratio of 66.73.
The Chefs’ Warehouse (NASDAQ:CHEF) last issued 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 firm earned $291.20 million during the quarter, compared to analysts’ expectations of $297.28 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that The Chefs’ Warehouse Inc. will post $0.42 earnings per share for the current fiscal year.
An institutional investor recently raised its position in The Chefs’ Warehouse stock. Bank of Montreal Can raised its stake in The Chefs’ Warehouse Inc. (NASDAQ:CHEF) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 662,925 shares of the company’s stock after buying an additional 26,081 shares during the period. Bank of Montreal Can owned approximately 2.52% of The Chefs’ Warehouse worth $11,058,000 at the end of the most recent reporting period.
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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