The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other research analysts have also issued reports on the company. BidaskClub upgraded The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research lowered The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Canaccord Genuity initiated coverage on The Chefs’ Warehouse in a report on Tuesday, July 4th. They issued a “buy” rating and a $18.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of The Chefs’ Warehouse in a report on Thursday, June 1st. Finally, Loop Capital initiated coverage on The Chefs’ Warehouse in a report on Monday, May 15th. They set a “buy” rating and a $18.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The Chefs’ Warehouse presently has a consensus rating of “Hold” and an average target price of $16.50.

Shares of The Chefs’ Warehouse (NASDAQ:CHEF) traded down 1.69% during midday trading on Thursday, hitting $14.55. The company had a trading volume of 143,597 shares. The company has a 50-day moving average of $13.67 and a 200 day moving average of $14.53. The firm has a market capitalization of $383.41 million, a PE ratio of 970.00 and a beta of 1.13. The Chefs’ Warehouse has a 12 month low of $10.61 and a 12 month high of $17.15.

The Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Tuesday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The firm had revenue of $287.70 million during the quarter, compared to analyst estimates of $284.45 million. The Chefs’ Warehouse had a return on equity of 4.75% and a net margin of 0.03%. The Chefs’ Warehouse’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. On average, analysts expect that The Chefs’ Warehouse will post $0.38 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in CHEF. Sei Investments Co. increased its stake in shares of The Chefs’ Warehouse by 296.8% in the first quarter. Sei Investments Co. now owns 42,378 shares of the company’s stock worth $589,000 after buying an additional 31,698 shares during the period. OppenheimerFunds Inc. acquired a new stake in shares of The Chefs’ Warehouse during the first quarter worth about $288,000. Dimensional Fund Advisors LP increased its stake in shares of The Chefs’ Warehouse by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 709,592 shares of the company’s stock worth $11,212,000 after buying an additional 10,550 shares during the period. Rutabaga Capital Management LLC MA increased its stake in shares of The Chefs’ Warehouse by 1.9% in the first quarter. Rutabaga Capital Management LLC MA now owns 715,758 shares of the company’s stock worth $9,949,000 after buying an additional 13,550 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of The Chefs’ Warehouse during the first quarter worth about $302,000. 76.48% of the stock is owned by institutional investors.

About The Chefs’ Warehouse

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. The Company 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for The Chefs` Warehouse (NASDAQ:CHEF)

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