The Chefs’ Warehouse, (NASDAQ:CHEF) Shares Recommendation Lifted At Research Firm Zacks

The Chefs’ Warehouse, (NASDAQ:CHEF) was boosted by Research Firm Zacks from a “hold” recommendation to a “buy” recommendation in a study released to clients on early Tue, Jul 11th. The brokerage presently has a $14.00 price objective on the company shares. Research Firm Zacks Investment Research‘s target price would signal a possible drop of 20.45% from present price.

CHEF has been the discussion subject of Many Study analysis. Canaccord Genuity initiated coverage on stocks of The Chefs’ Warehouse in a study report published on Fri, Apr 7th. They gave a “buy” recommendation and a $18.00 price objective on the shares. Loop Capital initiated coverage on stocks of The Chefs’ Warehouse in a study report on early Mon, May 15th. They gave a “buy” recommendation and a $18.00 price objective on the shares. Jefferies reiterated a “buy” recommendation and given a $19.00 price objective on the stock of The Chefs’ Warehouse in a study analysis published on early Thur, Jun 1st. Lastly, ValuEngine lifted shares of The Chefs’ Warehouse from a “sell” recommendation to a “hold” recommendation in a analysis report on Fri morning, Jun 2nd. Three brokerage firms recommended the company shares with a hold recommendation and five have issued a buy recommendation to the share. the share has a average recommendation of “Buy” and an average price objective of $17.83.

According to Research firm Zacks, “Chefs’ Warehouse Holdings, is a distributor of specialty food products in the United States. The corporation is focused on serving the specific needs of chefs who has an ownership of and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, hormone-free protein, truffles, caviar, and chocolate. It also offers cooking oils, butter, eggs, milk, and flour. Chefs’ Warehouse Holdings, is based in Ridgefield, Connecticut . “

Stocks of the Chefs’ Warehouse (NASDAQ:CHEF) transacted up 2.03% throughout intraday market trading on early Tue, topping $17.60. 503,453 stocks of the company transacted hands. Company’s 50 day SMA price is $13.82 and its 200 SMA price is $14.55. the share has a valuation of $457.42 M, a price to earnings ratio of 36.51 along with a stock beta of 1.13. The Chefs’ Warehouse has a 52 week low of $10.71 and a 52 week high of $18.13.

The Chefs’ Warehouse (NASDAQ:CHEF) previously disclosed its earnings report on early Wed, Aug 9th. The corporation posted $0.14 EPS for the period, exceeding Thomson Reuters’ average forecast of $0.12 by $0.02. The Chefs’ Warehouse had a net profit margin of 0.99% and a ROE of 4.60%. The company posted earnings of $331.70 M for the period compared to the average forecast of $325.16 M. for the same period in the previous fiscal year, company earned $0.15 EPS. The company’s for the quarter end, revenue was upwards of 13.6% on a YOY basis. on consensus, financial stock experts estimate that The Chefs’ Warehouse to post $0.40 earnings per share for the full year.

Quite a few investment firms and many large funds have purchased or sold their holdings of CHEF. Kayne Anderson Rudnick Investment Management raised its stake in stocks of The Chefs’ Warehouse by 24.1% in the Q1. Kayne Anderson Rudnick Investment Management has an ownership of 4,890,991 company stock worth at $67,985,000 after scooping up an extra 950,266 shares through out the previous quarter, Alliancebernstein raised its stake in stocks of The Chefs’ Warehouse by 30.1% in the Fiscal Q2. Alliancebernstein has an ownership of 1,860,303 company stock worth at $24,184,000 after scooping up an extra 430,943 shares through out the previous quarter, Wells Fargo & Company MN raised its stake in stocks of The Chefs’ Warehouse by 82.2% in the Q1. Wells Fargo & Company MN has an ownership of 447,608 company stock worth at $6,221,000 after scooping up an extra 201,912 shares through out the previous quarter, Dimensional Fund Advisors raised its stake in stocks of The Chefs’ Warehouse by 18.6% in the Fiscal Q2. Dimensional Fund Advisors has an ownership of 1,008,855 company stock worth at $13,115,000 after scooping up an extra 158,345 shares through out the previous quarter, Lastly, Systematic Financial Management bought a new stake in stocks of The Chefs’ Warehouse through out the Fiscal Q2 worth at about $1,185,000. large institution funds own 76.24% of the firms stock.

About The Chefs’ Warehouse

The Chefs’ Warehouse, is a distributor of specialty food products in the United States and Canada. The corporation operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The corporation 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.

Get a free copy of the Research Firm Zacks analysis note on The Chefs’ Warehouse (CHEF)

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