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.

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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.

Several large investors have recently added to or reduced their stakes in CHEF. MetLife Investment Advisors LLC bought a new position in shares of Chef’s Warehouse in the fourth quarter valued at $176,000. Atria Investments LLC bought a new position in shares of Chef’s Warehouse in the fourth quarter valued at $205,000. Comerica Bank bought a new position in shares of Chef’s Warehouse in the fourth quarter valued at $240,000. Bank of Montreal Can grew its stake in shares of Chef’s Warehouse by 48.9% in the fourth quarter. Bank of Montreal Can now owns 14,925 shares of the company’s stock valued at $305,000 after buying an additional 4,901 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of Chef’s Warehouse in the third quarter valued at $365,000. 90.25% of the stock is owned by institutional investors and hedge funds.

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.

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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.

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