The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $19.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 7.95% from the stock’s current price.

According to Zacks, “Chefs’ Warehouse Holdings, LLC is a distributor of specialty food products in the United States. The Company is focused on serving the specific needs of chefs who own and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, hormone-free protein, truffles, caviar, and chocolate. It also offers cooking oils, butter, eggs, milk, and flour. Chefs’ Warehouse Holdings, LLC is based in Ridgefield, Connecticut. “

Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Thursday. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 price objective on shares of The Chefs’ Warehouse in a research report on Thursday, June 1st. Loop Capital initiated coverage on shares of The Chefs’ Warehouse in a research report on Monday, May 15th. They set a “buy” rating and a $18.00 price objective for the company. 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 objective for the company. Finally, ValuEngine upgraded shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.83.

The Chefs’ Warehouse (CHEF) traded up 2.03% during mid-day trading on Friday, hitting $17.60. 503,453 shares of the stock traded hands. The firm’s 50-day moving average price is $13.71 and its 200-day moving average price is $14.53. The firm has a market cap of $457.42 million, a P/E ratio of 36.51 and a beta of 1.13. The Chefs’ Warehouse has a 52 week low of $10.71 and a 52 week high of $18.12.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $331.70 million during the quarter, compared to the consensus estimate of $325.16 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts forecast that The Chefs’ Warehouse will post $0.40 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/11/zacks-investment-research-upgrades-the-chefs-warehouse-inc-chef-to-buy.html.

Several large investors have recently bought and sold shares of CHEF. Vanguard Group Inc. raised its stake in The Chefs’ Warehouse by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock worth $13,282,000 after buying an additional 51,879 shares in the last quarter. Northern Trust Corp raised its stake in The Chefs’ Warehouse by 0.6% in the second quarter. Northern Trust Corp now owns 229,696 shares of the company’s stock worth $2,986,000 after buying an additional 1,394 shares in the last quarter. Nationwide Fund Advisors raised its stake in The Chefs’ Warehouse by 4.5% in the second quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock worth $197,000 after buying an additional 650 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in The Chefs’ Warehouse by 3.7% in the second quarter. TIAA CREF Investment Management LLC now owns 78,942 shares of the company’s stock worth $1,026,000 after buying an additional 2,833 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in The Chefs’ Warehouse by 19.1% in the second quarter. Teachers Advisors LLC now owns 53,704 shares of the company’s stock worth $698,000 after buying an additional 8,624 shares in the last quarter. 76.24% of the stock is currently owned by institutional investors.

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.

Get a free copy of the Zacks research report on The Chefs’ Warehouse (CHEF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for The Chefs' Warehouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Chefs' Warehouse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.