The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) had its price target upped by analysts at Canaccord Genuity from $19.00 to $20.00 in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 16.28% from the company’s current price.

Several other research analysts have also issued reports on CHEF. BMO Capital Markets restated a “market perform” rating and issued a $18.00 price target (up previously from $16.00) on shares of The Chefs’ Warehouse in a research report on Thursday, August 10th. BidaskClub upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, August 11th. Jefferies Group LLC set a $20.00 price objective on shares of The Chefs’ Warehouse and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Loop Capital initiated coverage on shares of The Chefs’ Warehouse in a research note on Monday, May 15th. They issued a “buy” rating and a $18.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The Chefs’ Warehouse currently has a consensus rating of “Buy” and a consensus target price of $18.17.

The Chefs’ Warehouse (NASDAQ:CHEF) opened at 17.20 on Tuesday. The firm’s 50-day moving average price is $15.05 and its 200-day moving average price is $14.63. The stock has a market cap of $453.39 million, a P/E ratio of 35.68 and a beta of 1.13. The Chefs’ Warehouse has a 12 month low of $10.71 and a 12 month high of $18.30.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The firm had revenue of $331.70 million for the quarter, compared to analyst estimates of $325.16 million. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.56%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, analysts predict that The Chefs’ Warehouse will post $0.41 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of CHEF. Kayne Anderson Rudnick Investment Management LLC raised its position in The Chefs’ Warehouse by 24.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,890,991 shares of the company’s stock worth $67,985,000 after buying an additional 950,266 shares in the last quarter. Alliancebernstein L.P. raised its position in The Chefs’ Warehouse by 30.1% in the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock worth $24,184,000 after buying an additional 430,943 shares in the last quarter. Vanguard Group Inc. raised its position in The Chefs’ Warehouse by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock worth $13,282,000 after buying an additional 51,879 shares in the last quarter. Dimensional Fund Advisors LP raised its position in The Chefs’ Warehouse by 18.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock worth $13,115,000 after buying an additional 158,345 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA raised its position in The Chefs’ Warehouse by 1.9% in the first quarter. Rutabaga Capital Management LLC MA now owns 715,758 shares of the company’s stock worth $9,949,000 after buying an additional 13,550 shares in the last quarter. 78.01% of the stock is owned by hedge funds and other institutional investors.

About The Chefs’ Warehouse

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.

Analyst Recommendations for The Chefs` Warehouse (NASDAQ:CHEF)

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