The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) – Stock analysts at Jefferies Group raised their FY2017 EPS estimates for The Chefs’ Warehouse in a research note issued on Thursday. Jefferies Group analyst C. Mandeville now forecasts that the company will earn $0.41 per share for the year, up from their prior forecast of $0.38. Jefferies Group has a “Buy” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for The Chefs’ Warehouse’s Q4 2017 earnings at $0.22 EPS, Q2 2018 earnings at $0.18 EPS, FY2020 earnings at $0.82 EPS and FY2021 earnings at $0.91 EPS.

A number of other research firms have also issued reports on CHEF. BidaskClub raised shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. ValuEngine raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, July 11th. BMO Capital Markets reissued a “market perform” rating and set a $18.00 price target (up previously from $16.00) on shares of The Chefs’ Warehouse in a research report on Thursday. Finally, Canaccord Genuity initiated coverage on shares of The Chefs’ Warehouse in a research report on Tuesday, July 4th. They set a “buy” rating and a $18.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $16.83.

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The Chefs’ Warehouse (CHEF) traded up 4.35% during trading on Friday, reaching $18.00. 139,337 shares of the company’s stock traded hands. The company has a 50-day moving average price of $13.71 and a 200 day moving average price of $14.53. The Chefs’ Warehouse has a one year low of $10.71 and a one year high of $18.12. The firm has a market capitalization of $467.82 million, a PE ratio of 37.34 and a beta of 1.13.

The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.60%. The business had revenue of $331.70 million during the quarter, compared to analyst estimates of $325.16 million. During the same quarter last year, the business earned $0.15 earnings per share. The Chefs’ Warehouse’s quarterly revenue was up 13.6% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in The Chefs’ Warehouse by 4,428.6% in the second quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock worth $157,000 after buying an additional 11,780 shares during the last quarter. American International Group Inc. raised its stake in The Chefs’ Warehouse by 7.1% in the first quarter. American International Group Inc. now owns 11,917 shares of the company’s stock worth $166,000 after buying an additional 791 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of The Chefs’ Warehouse by 4.5% in the second quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock valued at $197,000 after buying an additional 650 shares in the last quarter. Trexquant Investment LP raised its position in shares of The Chefs’ Warehouse by 45.4% in the first quarter. Trexquant Investment LP now owns 18,469 shares of the company’s stock valued at $257,000 after buying an additional 5,769 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of The Chefs’ Warehouse by 8.2% in the second quarter. Rhumbline Advisers now owns 21,000 shares of the company’s stock valued at $273,000 after buying an additional 1,595 shares in the last quarter. Hedge funds and other institutional investors own 76.24% of the company’s stock.

The Chefs’ Warehouse Company Profile

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.

Earnings History and Estimates for The Chefs` Warehouse (NASDAQ:CHEF)

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