Loop Capital Increases The Chefs’ Warehouse, Inc. (CHEF) Price Target to $22.00
The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) had its price objective boosted by Loop Capital from $21.00 to $22.00 in a research note published on Friday morning. They currently have a buy rating on the stock.
A number of other research firms have also weighed in on CHEF. Zacks Investment Research raised shares of The Chefs’ Warehouse from a hold rating to a buy rating and set a $19.00 price objective for the company in a research report on Friday, August 11th. Canaccord Genuity reaffirmed a buy rating and set a $19.00 price target (up previously from $18.00) on shares of The Chefs’ Warehouse in a research report on Friday, August 11th. BidaskClub raised shares of The Chefs’ Warehouse from a strong sell rating to a sell rating in a research report on Sunday, July 16th. ValuEngine lowered shares of The Chefs’ Warehouse from a hold rating to a sell rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC set a $20.00 price target on shares of The Chefs’ Warehouse and gave the stock a buy rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $19.67.
The Chefs’ Warehouse (NASDAQ:CHEF) traded up $1.80 during trading hours on Friday, hitting $18.60. 487,700 shares of the stock were exchanged, compared to its average volume of 173,047. The company has a current ratio of 2.26, a quick ratio of 1.31 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $446.28, a price-to-earnings ratio of 44.21, a PEG ratio of 2.16 and a beta of 1.09. The Chefs’ Warehouse has a twelve month low of $11.85 and a twelve month high of $21.90.
The Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $325.08 million during the quarter, compared to analyst estimates of $322.78 million. The Chefs’ Warehouse had a net margin of 1.09% and a return on equity of 5.08%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. equities analysts expect that The Chefs’ Warehouse will post 0.41 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. grew its stake in The Chefs’ Warehouse by 30.1% during the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock worth $24,184,000 after buying an additional 430,943 shares during the period. Dimensional Fund Advisors LP grew its stake in The Chefs’ Warehouse by 14.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,155,649 shares of the company’s stock worth $22,304,000 after buying an additional 146,794 shares during the period. Vanguard Group Inc. grew its stake in The Chefs’ Warehouse by 5.3% during 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 during the period. Wells Fargo & Company MN grew its stake in The Chefs’ Warehouse by 1.7% during the second quarter. Wells Fargo & Company MN now owns 455,020 shares of the company’s stock worth $5,915,000 after buying an additional 7,412 shares during the period. Finally, Eagle Boston Investment Management Inc. grew its stake in The Chefs’ Warehouse by 2.3% during the second quarter. Eagle Boston Investment Management Inc. now owns 370,509 shares of the company’s stock worth $4,816,000 after buying an additional 8,164 shares during the period. 80.56% of the stock is owned by hedge funds and other 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.
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