Chefs’ Warehouse Inc (NASDAQ:CHEF) has been given an average recommendation of “Buy” by the eight brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $36.16.
A number of research analysts recently weighed in on the stock. BMO Capital Markets reissued a “hold” rating and set a $45.00 price target on shares of SAP in a research report on Wednesday, May 1st. BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Barclays reissued a “buy” rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Finally, Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
Shares of Chefs’ Warehouse stock traded up $0.59 during trading hours on Friday, reaching $35.54. The company’s stock had a trading volume of 106,640 shares, compared to its average volume of 177,098. Chefs’ Warehouse has a one year low of $26.45 and a one year high of $39.26. The stock has a market cap of $1.05 billion, a P/E ratio of 45.56, a P/E/G ratio of 2.26 and a beta of 0.85. The business has a fifty day simple moving average of $33.46. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.91.
Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Chefs’ Warehouse had a net margin of 1.42% and a return on equity of 8.02%. The business had revenue of $357.03 million during the quarter, compared to the consensus estimate of $348.33 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts forecast that Chefs’ Warehouse will post 1.03 earnings per share for the current year.
In related news, insider Tim Mccauley sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $33.99, for a total transaction of $33,990.00. Following the completion of the sale, the insider now owns 13,931 shares in the company, valued at $473,514.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patricia Lecouras sold 7,193 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $34.31, for a total transaction of $246,791.83. Following the sale, the insider now owns 47,218 shares of the company’s stock, valued at approximately $1,620,049.58. The disclosure for this sale can be found here. 15.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Chefs’ Warehouse by 57.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock worth $67,000 after buying an additional 784 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Chefs’ Warehouse by 1,361.7% in the fourth quarter. Legal & General Group Plc now owns 48,923 shares of the company’s stock worth $1,553,000 after purchasing an additional 45,576 shares in the last quarter. Comerica Bank increased its stake in shares of Chefs’ Warehouse by 81.8% in the fourth quarter. Comerica Bank now owns 50,660 shares of the company’s stock worth $1,724,000 after purchasing an additional 22,788 shares in the last quarter. Federated Investors Inc. PA increased its stake in shares of Chefs’ Warehouse by 1.5% in the first quarter. Federated Investors Inc. PA now owns 175,934 shares of the company’s stock worth $5,463,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Chefs’ Warehouse by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 252,217 shares of the company’s stock worth $8,065,000 after purchasing an additional 28,248 shares in the last quarter. Institutional investors and hedge funds own 82.89% of the company’s stock.
Chefs’ Warehouse Company Profile
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
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