The Chefs’ Warehouse (CHEF) Receives Daily Coverage Optimism Rating of 0.13
Media coverage about The Chefs’ Warehouse (NASDAQ:CHEF) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Chefs’ Warehouse earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.8869720116125 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
The Chefs’ Warehouse (CHEF) remained flat at $18.85 during mid-day trading on Friday. The stock had a trading volume of 139,883 shares. The Chefs’ Warehouse has a 12-month low of $10.71 and a 12-month high of $18.90. The stock has a 50 day moving average of $16.78 and a 200-day moving average of $14.80. The firm has a market cap of $496.90 million, a price-to-earnings ratio of 942.50 and a beta of 1.11.
The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $331.70 million during the quarter, compared to analysts’ expectations of $325.16 million. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The Chefs’ Warehouse’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, equities research analysts predict that The Chefs’ Warehouse will post $0.41 earnings per share for the current fiscal year.
CHEF has been the subject of several research analyst reports. Zacks Investment Research upgraded The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Friday, August 11th. Canaccord Genuity initiated coverage on The Chefs’ Warehouse in a research report on Tuesday, July 4th. They set a “buy” rating and a $18.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of The Chefs’ Warehouse in a research report on Thursday, June 1st. ValuEngine cut The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, BidaskClub upgraded The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The Chefs’ Warehouse presently has an average rating of “Buy” and an average price target of $18.17.
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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.
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