TheStreet lowered shares of Chefs’ Warehouse (NASDAQ:CHEF) from a c- rating to a d rating in a report released on Thursday morning, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on CHEF. BTIG Research started coverage on shares of Chefs’ Warehouse in a report on Thursday, July 16th. They issued a neutral rating for the company. BidaskClub cut shares of Chefs’ Warehouse from a sell rating to a strong sell rating in a report on Saturday, July 25th. National Securities restated a buy rating and set a $30.00 target price on shares of Chefs’ Warehouse in a report on Wednesday. BMO Capital Markets increased their target price on shares of Chefs’ Warehouse from $14.00 to $15.00 and gave the stock a market perform rating in a report on Thursday, May 7th. Finally, Zacks Investment Research cut shares of Chefs’ Warehouse from a hold rating to a sell rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $25.33.

Shares of NASDAQ CHEF opened at $11.53 on Thursday. Chefs’ Warehouse has a 52-week low of $3.55 and a 52-week high of $42.06. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.38 and a current ratio of 3.54. The firm has a 50 day moving average price of $13.63 and a 200 day moving average price of $19.79.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.04). The company had revenue of $200.50 million during the quarter, compared to analyst estimates of $213.72 million. Chefs’ Warehouse had a negative net margin of 1.37% and a negative return on equity of 5.13%. The firm’s quarterly revenue was down 51.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. On average, sell-side analysts forecast that Chefs’ Warehouse will post -1.23 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CHEF. Legion Partners Asset Management LLC bought a new stake in Chefs’ Warehouse during the first quarter worth $16,785,000. Wasatch Advisors Inc. raised its position in Chefs’ Warehouse by 269.0% during the first quarter. Wasatch Advisors Inc. now owns 679,289 shares of the company’s stock worth $6,840,000 after acquiring an additional 495,193 shares in the last quarter. Wellington Management Group LLP raised its position in Chefs’ Warehouse by 12.7% during the first quarter. Wellington Management Group LLP now owns 912,453 shares of the company’s stock worth $9,189,000 after acquiring an additional 103,019 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Chefs’ Warehouse during the first quarter worth $938,000. Finally, State Street Corp raised its position in Chefs’ Warehouse by 9.0% during the first quarter. State Street Corp now owns 814,786 shares of the company’s stock worth $8,205,000 after acquiring an additional 67,462 shares in the last quarter. 62.88% of the stock is currently owned by hedge funds and other institutional investors.

About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 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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Analyst Recommendations for Chefs` Warehouse (NASDAQ:CHEF)

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