Chefs’ Warehouse (CHEF) Rating Reiterated by Loop Capital

Loop Capital restated their buy rating on shares of Chefs’ Warehouse (NASDAQ:CHEF) in a research report sent to investors on Friday. They currently have a $39.00 price target on the stock.

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group downgraded Chefs’ Warehouse from a buy rating to a hold rating in a report on Wednesday, September 26th. BidaskClub upgraded Chefs’ Warehouse from a buy rating to a strong-buy rating in a report on Saturday, September 15th. BMO Capital Markets downgraded Chefs’ Warehouse from an outperform rating to a market perform rating and upped their price objective for the company from $34.00 to $38.00 in a report on Monday, October 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded Chefs’ Warehouse from a hold rating to a buy rating and set a $33.00 price objective for the company in a report on Friday, August 3rd. Finally, TheStreet upgraded Chefs’ Warehouse from a c rating to a b- rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $32.67.

NASDAQ CHEF opened at $34.47 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 78.34, a P/E/G ratio of 2.36 and a beta of 0.88. The company has a quick ratio of 1.77, a current ratio of 2.71 and a debt-to-equity ratio of 0.94. Chefs’ Warehouse has a 12 month low of $16.15 and a 12 month high of $39.26.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $361.50 million during the quarter, compared to the consensus estimate of $354.26 million. Chefs’ Warehouse had a return on equity of 7.41% and a net margin of 1.49%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. On average, equities research analysts predict that Chefs’ Warehouse will post 0.78 EPS for the current year.

In other Chefs’ Warehouse news, Director Katherine Oliver bought 1,088 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was purchased at an average cost of $32.10 per share, with a total value of $34,924.80. Following the completion of the purchase, the director now owns 14,056 shares in the company, valued at $451,197.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman John Pappas sold 50,000 shares of the business’s stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $38.07, for a total value of $1,903,500.00. Following the completion of the transaction, the insider now directly owns 2,040,921 shares of the company’s stock, valued at $77,697,862.47. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Chefs’ Warehouse by 10.1% in the second quarter. Rhumbline Advisers now owns 20,158 shares of the company’s stock valued at $575,000 after acquiring an additional 1,855 shares during the period. Royal Bank of Canada grew its stake in Chefs’ Warehouse by 37.8% in the first quarter. Royal Bank of Canada now owns 6,845 shares of the company’s stock valued at $158,000 after acquiring an additional 1,879 shares during the period. Harvest Fund Management Co. Ltd grew its stake in Chefs’ Warehouse by 194.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,189 shares of the company’s stock valued at $116,000 after acquiring an additional 2,105 shares during the period. US Bancorp DE grew its stake in Chefs’ Warehouse by 2.6% in the second quarter. US Bancorp DE now owns 92,352 shares of the company’s stock valued at $2,632,000 after acquiring an additional 2,313 shares during the period. Finally, First Quadrant L P CA acquired a new position in Chefs’ Warehouse in the third quarter valued at about $101,000. 79.84% of the stock is owned by hedge funds and other institutional investors.

Chefs’ 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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Analyst Recommendations for Chefs` Warehouse (NASDAQ:CHEF)

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