The Chefs’ Warehouse, Inc. (CHEF) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reiterated their market perform rating on shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in a report issued on Thursday morning. BMO Capital Markets currently has a $18.00 price objective on the stock, up from their previous price objective of $16.00.

Several other equities research analysts have also recently commented on CHEF. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a sell rating to a hold rating in a research report on Thursday, April 13th. Loop Capital started coverage on shares of The Chefs’ Warehouse in a research report on Monday, May 15th. They issued a buy rating and a $18.00 price target on the stock. Jefferies Group LLC reiterated a buy rating and issued a $19.00 price target on shares of The Chefs’ Warehouse in a research report on Thursday, June 1st. ValuEngine upgraded The Chefs’ Warehouse from a sell rating to a hold rating in a report on Friday, June 2nd. Finally, Canaccord Genuity started coverage on The Chefs’ Warehouse in a report on Tuesday, July 4th. They set a buy rating and a $18.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $17.83.

Shares of The Chefs’ Warehouse (CHEF) traded up 1.14% during trading on Thursday, hitting $17.80. 142,859 shares of the stock were exchanged. The stock has a market cap of $469.21 million, a P/E ratio of 36.93 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 stock has a 50-day moving average of $13.82 and a 200 day moving average of $14.55.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.60%. The business had revenue of $331.70 million for the quarter, compared to analysts’ expectations of $325.16 million. During the same period in the previous year, the business earned $0.15 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. Equities analysts predict that The Chefs’ Warehouse will post $0.40 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of The Chefs’ Warehouse by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 69,210 shares of the company’s stock valued at $900,000 after buying an additional 456 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of The Chefs’ Warehouse by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 71,628 shares of the company’s stock valued at $931,000 after buying an additional 554 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of The Chefs’ Warehouse by 4.5% in the second quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock valued at $197,000 after buying an additional 650 shares during the last quarter. American International Group Inc. boosted its stake in shares of The Chefs’ Warehouse by 7.1% in the first quarter. American International Group Inc. now owns 11,917 shares of the company’s stock valued at $166,000 after buying an additional 791 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of The Chefs’ Warehouse by 0.6% in the second quarter. Northern Trust Corp now owns 229,696 shares of the company’s stock valued at $2,986,000 after buying an additional 1,394 shares during the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.

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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