Canaccord Genuity reaffirmed their buy rating on shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in a report issued on Thursday. The brokerage currently has a $22.00 price target on the stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of The Chefs’ Warehouse from a strong-buy rating to a hold rating in a research note on Wednesday, October 25th. TheStreet raised shares of The Chefs’ Warehouse from a c+ rating to a b- rating in a research note on Monday, October 2nd. Jefferies Group LLC set a $20.00 price objective on shares of The Chefs’ Warehouse and gave the company a buy rating in a research note on Friday, August 25th. BMO Capital Markets reissued a market perform rating and issued a $18.00 price objective (up previously from $16.00) on shares of The Chefs’ Warehouse in a research note on Thursday, August 10th. Finally, BidaskClub raised shares of The Chefs’ Warehouse from a hold rating to a buy rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $19.67.

Shares of The Chefs’ Warehouse (NASDAQ CHEF) traded up $0.20 during trading on Thursday, hitting $16.80. 385,500 shares of the stock were exchanged, compared to its average volume of 202,562. The Chefs’ Warehouse has a 12 month low of $11.85 and a 12 month high of $21.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.63 and a current ratio of 2.26. The company has a market cap of $446.28, a P/E ratio of 44.21, a PEG ratio of 2.16 and a beta of 1.09.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The Chefs’ Warehouse had a net margin of 1.09% and a return on equity of 5.08%. The company had revenue of $325.08 million during the quarter, compared to the consensus estimate of $322.78 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. equities analysts predict that The Chefs’ Warehouse will post 0.41 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC acquired a new position in The Chefs’ Warehouse in the 2nd quarter valued at approximately $132,000. Stifel Financial Corp acquired a new position in The Chefs’ Warehouse in the 2nd quarter valued at approximately $151,000. American International Group Inc. increased its position in The Chefs’ Warehouse by 7.1% in the 1st quarter. American International Group Inc. now owns 11,917 shares of the company’s stock valued at $166,000 after acquiring an additional 791 shares during the period. Bank of Montreal Can increased its position in The Chefs’ Warehouse by 4,428.6% in the 2nd quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock valued at $157,000 after acquiring an additional 11,780 shares during the period. Finally, Nationwide Fund Advisors increased its position in The Chefs’ Warehouse by 4.5% in the 2nd quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock valued at $197,000 after acquiring an additional 650 shares during the period. Hedge funds and other institutional investors own 78.68% 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.

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

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