Somewhat Favorable Press Coverage Somewhat Unlikely to Impact The Chefs’ Warehouse (CHEF) Stock Price
Media coverage about The Chefs’ Warehouse (NASDAQ:CHEF) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Chefs’ Warehouse earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.1172870081381 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages have recently issued reports on CHEF. BidaskClub raised The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets set a $16.00 target price on The Chefs’ Warehouse and gave the stock a “hold” rating in a report on Thursday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of The Chefs’ Warehouse in a report on Friday, August 11th. Zacks Investment Research cut The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, ValuEngine raised The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $18.17.
The Chefs’ Warehouse (NASDAQ:CHEF) traded up $0.05 on Friday, reaching $20.90. The company had a trading volume of 97,657 shares, compared to its average volume of 153,845. The stock has a market capitalization of $550.94, a price-to-earnings ratio of 61.47, a P/E/G ratio of 2.68 and a beta of 1.09. The Chefs’ Warehouse has a 12 month low of $11.15 and a 12 month high of $21.90. The company has a current ratio of 2.51, a quick ratio of 1.63 and a debt-to-equity ratio of 1.60.
The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The company had revenue of $331.70 million during the quarter, compared to analyst estimates of $325.16 million. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. analysts predict that The Chefs’ Warehouse will post 0.41 earnings per share for the current year.
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.
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