Chefs’ Warehouse Inc (NASDAQ:CHEF) – Jefferies Financial Group raised their Q1 2019 earnings per share (EPS) estimates for Chefs’ Warehouse in a research report issued to clients and investors on Friday, November 2nd. Jefferies Financial Group analyst C. Mandeville now expects that the company will post earnings per share of $0.07 for the quarter, up from their previous estimate of $0.06. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Chefs’ Warehouse’s FY2019 earnings at $1.02 EPS.
Several other equities research analysts also recently weighed in on CHEF. Loop Capital reaffirmed a “buy” rating and issued a $39.00 price target on shares of Chefs’ Warehouse in a research note on Friday. BidaskClub downgraded shares of Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 24th. Barclays reiterated a “hold” rating and set a $25.00 price objective on shares of Chefs’ Warehouse in a report on Friday, August 3rd. TheStreet upgraded shares of Chefs’ Warehouse from a “c” rating to a “b-” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research cut shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Chefs’ Warehouse currently has a consensus rating of “Buy” and a consensus target price of $32.67.
CHEF opened at $34.47 on Monday. Chefs’ Warehouse has a 1-year low of $16.15 and a 1-year high of $39.26. The company has a quick ratio of 1.77, a current ratio of 2.71 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 78.34, a P/E/G ratio of 2.36 and a beta of 0.88.
Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Chefs’ Warehouse had a net margin of 1.49% and a return on equity of 7.41%. The firm had revenue of $361.50 million during the quarter, compared to the consensus estimate of $354.26 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year.
In other Chefs’ Warehouse news, Director Katherine Oliver acquired 1,088 shares of Chefs’ Warehouse stock in a transaction dated Monday, September 10th. The stock was purchased at an average cost of $32.10 per share, for a total transaction of $34,924.80. Following the completion of the acquisition, the director now directly owns 14,056 shares of the company’s stock, valued at $451,197.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman John Pappas sold 133,843 shares of Chefs’ Warehouse stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $32.61, for a total transaction of $4,364,620.23. Following the transaction, the insider now owns 2,040,921 shares of the company’s stock, valued at $66,554,433.81. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. AGF Investments Inc. boosted its holdings in Chefs’ Warehouse by 24.9% during the second quarter. AGF Investments Inc. now owns 125,600 shares of the company’s stock worth $3,580,000 after purchasing an additional 25,000 shares during the last quarter. Cadence Capital Management LLC boosted its holdings in Chefs’ Warehouse by 33.8% during the second quarter. Cadence Capital Management LLC now owns 75,454 shares of the company’s stock worth $2,150,000 after purchasing an additional 19,076 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Chefs’ Warehouse during the third quarter worth about $4,344,000. WINTON GROUP Ltd purchased a new position in Chefs’ Warehouse during the second quarter worth about $212,000. Finally, Renaissance Technologies LLC boosted its holdings in Chefs’ Warehouse by 33.9% during the second quarter. Renaissance Technologies LLC now owns 322,900 shares of the company’s stock worth $9,203,000 after purchasing an additional 81,700 shares during the last quarter. Hedge funds and other institutional investors own 79.84% of the company’s stock.
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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