The Chefs’ Warehouse Inc. (NASDAQ:CHEF) rose 2.1% during trading on Thursday . The stock traded as high as $11.34 and last traded at $11.25, with a volume of 80,286 shares. The stock had previously closed at $11.02.

CHEF has been the subject of several analyst reports. JPMorgan Chase & Co. restated a “hold” rating and issued a $15.00 price objective on shares of The Chefs’ Warehouse in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded The Chefs’ Warehouse from a “sell” rating to a “hold” rating and set a $17.00 price objective for the company in a research note on Tuesday, July 5th. 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 company has an average rating of “Hold” and an average price target of $18.80.

The stock has a market capitalization of $306.12 million and a P/E ratio of 68.25. The firm has a 50-day moving average of $13.07 and a 200 day moving average of $16.35.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Tuesday, August 2nd. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. During the same period last year, the business posted $0.21 EPS. The business had revenue of $291.20 million for the quarter, compared to the consensus estimate of $297.28 million. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts expect that The Chefs’ Warehouse Inc. will post $0.42 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in The Chefs’ Warehouse stock. Bank of Montreal Can boosted its stake in shares of The Chefs’ Warehouse Inc. (NASDAQ:CHEF) by 4.1% during the fourth quarter, according to its most recent Form 13F 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 2.52% of The Chefs’ Warehouse worth $11,058,000 as of its most recent SEC filing.

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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