The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) – Equities researchers at Jefferies Group raised their Q3 2018 earnings per share (EPS) estimates for The Chefs’ Warehouse in a note issued to investors on Thursday. Jefferies Group analyst C. Mandeville now anticipates that the company will earn $0.15 per share for the quarter, up from their previous estimate of $0.14. Jefferies Group has a “Buy” rating and a $20.00 price objective on the stock. Jefferies Group also issued estimates for The Chefs’ Warehouse’s FY2019 earnings at $0.75 EPS, FY2020 earnings at $0.89 EPS and FY2021 earnings at $0.99 EPS.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The Chefs’ Warehouse had a return on equity of 5.15% and a net margin of 1.09%. The company had revenue of $325.08 million for the quarter, compared to the consensus estimate of $322.78 million. During the same quarter in the previous year, the business earned $0.07 EPS. The Chefs’ Warehouse’s revenue was up 9.1% compared to the same quarter last year.

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Several other research firms have also recently weighed in on CHEF. Zacks Investment Research cut The Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. TheStreet raised The Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price objective on shares of The Chefs’ Warehouse in a research report on Thursday. Loop Capital lifted their price objective on The Chefs’ Warehouse from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday. Finally, ValuEngine raised The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The Chefs’ Warehouse has an average rating of “Buy” and an average price target of $19.17.

Shares of The Chefs’ Warehouse (NASDAQ:CHEF) traded up $0.20 during trading hours on Friday, reaching $16.80. The company had a trading volume of 329,275 shares, compared to its average volume of 174,299. The Chefs’ Warehouse has a 52 week low of $11.80 and a 52 week high of $21.90. The stock has a market cap of $436.93, a P/E ratio of 53.55, a PEG ratio of 2.61 and a beta of 1.09. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.63 and a current ratio of 2.51.

A number of hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its position in The Chefs’ Warehouse by 30.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock valued at $24,184,000 after acquiring an additional 430,943 shares in the last quarter. Vanguard Group Inc. lifted its position in The Chefs’ Warehouse by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock valued at $13,282,000 after acquiring an additional 51,879 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in The Chefs’ Warehouse by 18.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock valued at $13,115,000 after acquiring an additional 158,345 shares in the last quarter. Wells Fargo & Company MN lifted its position in The Chefs’ Warehouse by 1.7% in the 2nd quarter. Wells Fargo & Company MN now owns 455,020 shares of the company’s stock valued at $5,915,000 after acquiring an additional 7,412 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its position in The Chefs’ Warehouse by 2.3% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 370,509 shares of the company’s stock valued at $4,816,000 after acquiring an additional 8,164 shares in the last quarter. 78.68% of the stock is currently owned by institutional investors and hedge funds.

The 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.

Earnings History and Estimates for The Chefs` Warehouse (NASDAQ:CHEF)

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