Chef’s Warehouse (CHEF) Given Consensus Recommendation of “Buy” by Brokerages
Chef’s Warehouse (NASDAQ:CHEF) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.75.
A number of analysts have recently issued reports on CHEF shares. Canaccord Genuity reiterated a “buy” rating and issued a $24.00 price objective on shares of Chef’s Warehouse in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Chef’s Warehouse from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, March 16th. BidaskClub upgraded shares of Chef’s Warehouse from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Finally, ValuEngine upgraded shares of Chef’s Warehouse from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.
In related news, General Counsel Alexandros Aldous sold 9,095 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $25.00, for a total value of $227,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 20.60% of the stock is currently owned by company insiders.
Shares of NASDAQ CHEF traded up $0.15 during midday trading on Thursday, reaching $24.20. The company’s stock had a trading volume of 3,259 shares, compared to its average volume of 167,894. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 1.26. Chef’s Warehouse has a fifty-two week low of $11.85 and a fifty-two week high of $25.93. The company has a market capitalization of $682.09, a PE ratio of 54.66, a price-to-earnings-growth ratio of 1.50 and a beta of 0.84.
Chef’s Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Chef’s Warehouse had a net margin of 1.10% and a return on equity of 5.48%. The company had revenue of $357.00 million for the quarter, compared to the consensus estimate of $352.95 million. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. sell-side analysts expect that Chef’s Warehouse will post 0.73 EPS for the current year.
About Chef’s Warehouse
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
Receive News & Ratings for Chef's Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chef's Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.