Shares of Chef’s Warehouse (NASDAQ:CHEF) have been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.75.
CHEF has been the topic of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $24.00 price target on shares of Chef’s Warehouse in a report on Monday, January 8th. Zacks Investment Research cut shares of Chef’s Warehouse from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BidaskClub cut shares of Chef’s Warehouse from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, ValuEngine upgraded shares of Chef’s Warehouse from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.
In other news, General Counsel Alexandros Aldous sold 9,095 shares of the company’s stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 22.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of Chef’s Warehouse in the fourth quarter worth about $176,000. Atria Investments LLC bought a new position in Chef’s Warehouse during the 4th quarter worth about $205,000. Comerica Bank bought a new position in Chef’s Warehouse during the 4th quarter worth about $240,000. Bank of Montreal Can grew its holdings in Chef’s Warehouse by 48.9% during the 4th quarter. Bank of Montreal Can now owns 14,925 shares of the company’s stock worth $305,000 after acquiring an additional 4,901 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in Chef’s Warehouse during the 3rd quarter worth about $365,000. Hedge funds and other institutional investors own 90.73% of the company’s stock.
CHEF stock traded up $0.20 during mid-day trading on Thursday, reaching $24.05. 92,628 shares of the stock traded hands, compared to its average volume of 168,459. 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 one year low of $11.85 and a one year high of $25.93. The stock has a market capitalization of $684.95, a price-to-earnings ratio of 54.66, a price-to-earnings-growth ratio of 1.50 and a beta of 0.85.
Chef’s Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.23 earnings per share 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 business had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $352.95 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. equities research analysts expect that Chef’s Warehouse will post 0.73 EPS for the current year.
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Chef’s Warehouse Company Profile
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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