The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Monday.

Several other equities research analysts also recently commented on the company. ValuEngine downgraded The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub upgraded The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded The Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Canaccord Genuity initiated coverage on The Chefs’ Warehouse in a report on Tuesday, July 4th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Jefferies Group LLC set a $20.00 price objective on The Chefs’ Warehouse and gave the stock a “buy” rating in a report on Friday, August 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.17.

The Chefs’ Warehouse (CHEF) traded up 2.04% on Monday, reaching $20.00. 157,962 shares of the company were exchanged. The stock has a market capitalization of $527.20 million, a P/E ratio of 41.49 and a beta of 1.11. The Chefs’ Warehouse has a 12-month low of $10.80 and a 12-month high of $20.05. The company’s 50-day moving average price is $17.93 and its 200-day moving average price is $15.19.

The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The company had revenue of $331.70 million during the quarter, compared to the consensus estimate of $325.16 million. During the same period last year, the company earned $0.15 EPS. The Chefs’ Warehouse’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts anticipate that The Chefs’ Warehouse will post $0.41 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its stake in shares of The Chefs’ Warehouse by 296.8% during the 1st quarter. Sei Investments Co. now owns 42,378 shares of the company’s stock valued at $589,000 after purchasing an additional 31,698 shares during the period. OppenheimerFunds Inc. bought a new stake in shares of The Chefs’ Warehouse during the 1st quarter valued at about $288,000. Vanguard Group Inc. grew its stake in shares of The Chefs’ Warehouse by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 969,858 shares of the company’s stock valued at $13,480,000 after purchasing an additional 63,679 shares during the period. Geode Capital Management LLC grew its stake in shares of The Chefs’ Warehouse by 9.7% during the 1st quarter. Geode Capital Management LLC now owns 152,286 shares of the company’s stock valued at $2,116,000 after purchasing an additional 13,415 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of The Chefs’ Warehouse by 19.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 850,510 shares of the company’s stock valued at $11,822,000 after purchasing an additional 140,918 shares during the period. Institutional investors and hedge funds own 78.01% of the company’s stock.

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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