The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)‘s stock had its “market perform” rating restated by stock analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $18.00 price target on the stock, up from their previous price target of $16.00. BMO Capital Markets’ target price would suggest a potential upside of 24.14% from the stock’s current price.

A number of other brokerages have also issued reports on CHEF. ValuEngine raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $19.00 price target on shares of The Chefs’ Warehouse in a report on Thursday, June 1st. Zacks Investment Research lowered shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Loop Capital assumed coverage on shares of The Chefs’ Warehouse in a report on Monday, May 15th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, BidaskClub raised shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $16.83.

Shares of The Chefs’ Warehouse (NASDAQ:CHEF) traded up 18.62% during mid-day trading on Thursday, reaching $17.20. 901,466 shares of the company’s stock were exchanged. The Chefs’ Warehouse has a one year low of $10.71 and a one year high of $17.50. The stock has a market cap of $453.24 million, a PE ratio of 1146.67 and a beta of 1.13. The company has a 50 day moving average price of $13.61 and a 200-day moving average price of $14.51.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business 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 0.03% and a return on equity of 4.75%. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. On average, analysts predict that The Chefs’ Warehouse will post $0.38 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. bought a new stake in shares of The Chefs’ Warehouse during the first quarter worth $410,000. Oxford Asset Management bought a new stake in shares of The Chefs’ Warehouse during the first quarter worth $615,000. Trexquant Investment LP raised its stake in shares of The Chefs’ Warehouse by 45.4% in the first quarter. Trexquant Investment LP now owns 18,469 shares of the company’s stock worth $257,000 after buying an additional 5,769 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of 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 during the last quarter. Finally, Eagle Boston Investment Management Inc. raised its stake in shares of The Chefs’ Warehouse by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 362,345 shares of the company’s stock worth $5,036,000 after buying an additional 19,387 shares during the last quarter. 76.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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