Chefs' Warehouse (NASDAQ:CHEF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $28.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.59% from the stock’s current price.

According to Zacks, “Chefs’ Warehouse Holdings, LLC is a distributor of specialty food products in the United States. The Company is focused on serving the specific needs of chefs who own and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, hormone-free protein, truffles, caviar, and chocolate. It also offers cooking oils, butter, eggs, milk, and flour. Chefs’ Warehouse Holdings, LLC is based in Ridgefield, Connecticut. “

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Several other equities research analysts also recently weighed in on CHEF. Canaccord Genuity restated a “buy” rating and issued a $24.00 target price on shares of Chefs' Warehouse in a research note on Monday, January 8th. BidaskClub downgraded shares of Chefs' Warehouse from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.00.

Shares of Chefs' Warehouse stock traded down $0.30 on Thursday, reaching $24.65. 159,416 shares of the company’s stock traded hands, compared to its average volume of 171,715. The firm has a market capitalization of $676.90, a P/E ratio of 45.65, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. Chefs' Warehouse has a 52 week low of $11.85 and a 52 week high of $25.93. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 1.26.

Chefs' Warehouse (NASDAQ:CHEF) last announced its earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $357.00 million during the quarter, compared to the consensus estimate of $352.95 million. Chefs' Warehouse had a net margin of 1.10% and a return on equity of 5.48%. Chefs' Warehouse’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. research analysts anticipate that Chefs' Warehouse will post 0.73 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CHEF. Northern Trust Corp raised its holdings in shares of Chefs' Warehouse by 0.6% in the second quarter. Northern Trust Corp now owns 229,696 shares of the company’s stock worth $2,986,000 after buying an additional 1,394 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Chefs' Warehouse in the second quarter worth $132,000. State Street Corp raised its holdings in shares of Chefs' Warehouse by 7.3% in the second quarter. State Street Corp now owns 344,769 shares of the company’s stock worth $4,486,000 after buying an additional 23,492 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Chefs' Warehouse by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock worth $221,000 after buying an additional 555 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Chefs' Warehouse in the third quarter worth $3,124,000. 90.73% of the stock is owned by institutional investors and hedge funds.

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Chefs' Warehouse Company Profile

The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.

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