BidaskClub lowered shares of Chefs’ Warehouse (NASDAQ:CHEF) from a strong-buy rating to a buy rating in a research note published on Saturday morning, BidAskClub reports.

Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Chefs’ Warehouse from a strong-buy rating to a buy rating in a research note on Thursday, March 21st. TheStreet downgraded shares of Chefs’ Warehouse from a b+ rating to a c+ rating in a research note on Monday, May 6th. Zacks Investment Research upgraded shares of Chefs’ Warehouse from a sell rating to a hold rating in a research note on Tuesday, April 16th. Barclays reiterated a hold rating on shares of Chefs’ Warehouse in a research note on Sunday, May 5th. Finally, BMO Capital Markets upgraded shares of Chefs’ Warehouse from a market perform rating to an outperform rating and set a $33.31 price objective for the company in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $33.66.

NASDAQ:CHEF opened at $32.02 on Friday. Chefs’ Warehouse has a 12 month low of $26.25 and a 12 month high of $39.26. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.31 and a quick ratio of 1.42. The firm has a market cap of $948.13 million, a PE ratio of 41.05, a P/E/G ratio of 2.05 and a beta of 0.82.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Chefs’ Warehouse had a return on equity of 8.02% and a net margin of 1.42%. The company had revenue of $357.03 million for the quarter, compared to analyst estimates of $348.33 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts predict that Chefs’ Warehouse will post 1.03 EPS for the current year.

In related news, insider Tim Mccauley sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $33.99, for a total transaction of $33,990.00. Following the completion of the transaction, the insider now directly owns 13,931 shares in the company, valued at $473,514.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patricia Lecouras sold 7,193 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $34.31, for a total transaction of $246,791.83. Following the transaction, the insider now owns 47,218 shares of the company’s stock, valued at $1,620,049.58. The disclosure for this sale can be found here. Insiders have sold 16,825 shares of company stock valued at $548,805 over the last 90 days. 15.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in Chefs’ Warehouse by 1,361.7% during the fourth quarter. Legal & General Group Plc now owns 48,923 shares of the company’s stock valued at $1,553,000 after purchasing an additional 45,576 shares during the period. Comerica Bank lifted its position in Chefs’ Warehouse by 81.8% during the fourth quarter. Comerica Bank now owns 50,660 shares of the company’s stock valued at $1,724,000 after purchasing an additional 22,788 shares during the period. Geode Capital Management LLC lifted its position in Chefs’ Warehouse by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 252,217 shares of the company’s stock valued at $8,065,000 after purchasing an additional 28,248 shares during the period. Bank of New York Mellon Corp raised its position in shares of Chefs’ Warehouse by 23.8% in the third quarter. Bank of New York Mellon Corp now owns 170,791 shares of the company’s stock worth $6,208,000 after acquiring an additional 32,872 shares during the period. Finally, Flinton Capital Management LLC acquired a new position in shares of Chefs’ Warehouse in the fourth quarter worth about $155,000. Institutional investors own 81.65% of the company’s stock.

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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