Chef’s Warehouse (CHEF) Given Consensus Rating of “Buy” by Brokerages

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.

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION WARNING: This report was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/12/chefs-warehouse-chef-given-consensus-rating-of-buy-by-brokerages.html.

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.

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.

Leave a Reply