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

Several other research analysts have also issued reports on CHEF. Zacks Investment Research raised Chefs’ Warehouse from a sell rating to a hold rating in a research report on Wednesday, September 11th. TheStreet raised Chefs’ Warehouse from a c+ rating to a b- rating in a research report on Friday, July 5th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $37.10.

Shares of NASDAQ:CHEF opened at $41.20 on Friday. The business’s 50-day moving average is $38.22 and its 200 day moving average is $34.21. Chefs’ Warehouse has a 1 year low of $29.56 and a 1 year high of $42.06. The firm has a market capitalization of $1.22 billion, a P/E ratio of 52.82, a P/E/G ratio of 2.68 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.28 and a quick ratio of 1.40.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, July 31st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Chefs’ Warehouse had a return on equity of 8.55% and a net margin of 1.44%. The company had revenue of $411.40 million for the quarter, compared to analyst estimates of $410.13 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that Chefs’ Warehouse will post 1.01 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new stake in Chefs’ Warehouse during the 2nd quarter valued at about $45,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Chefs’ Warehouse by 57.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock valued at $67,000 after purchasing an additional 784 shares during the last quarter. Aperio Group LLC purchased a new stake in Chefs’ Warehouse during the 2nd quarter valued at about $74,000. Avestar Capital LLC purchased a new stake in Chefs’ Warehouse during the 1st quarter valued at about $77,000. Finally, BNP Paribas Arbitrage SA grew its stake in Chefs’ Warehouse by 1,074.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,520 shares of the company’s stock valued at $140,000 after purchasing an additional 4,135 shares during the last quarter. Institutional investors and hedge funds own 83.68% 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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