BidaskClub Lowers Chefs’ Warehouse (NASDAQ:CHEF) to Sell

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BidaskClub cut shares of Chefs’ Warehouse (NASDAQ:CHEF) from a hold rating to a sell rating in a research report report published on Saturday morning, BidAskClub reports.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Chefs’ Warehouse from a hold rating to a sell rating in a report on Monday, May 11th. TheStreet lowered shares of Chefs’ Warehouse from a b- rating to a c rating in a report on Wednesday, March 18th. National Securities reiterated a buy rating and issued a $30.00 price objective on shares of Chefs’ Warehouse in a report on Wednesday, May 20th. BMO Capital Markets boosted their price objective on shares of Chefs’ Warehouse from $14.00 to $15.00 and gave the stock a market perform rating in a report on Thursday, May 7th. Finally, ValuEngine upgraded shares of Chefs’ Warehouse from a hold rating to a buy rating in a report on Friday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Chefs’ Warehouse presently has a consensus rating of Hold and an average target price of $30.00.

NASDAQ:CHEF opened at $13.84 on Friday. The company has a current ratio of 3.23, a quick ratio of 2.38 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $509.31 million, a price-to-earnings ratio of 47.72 and a beta of 1.97. The firm’s fifty day simple moving average is $15.11 and its 200 day simple moving average is $23.66. Chefs’ Warehouse has a twelve month low of $3.55 and a twelve month high of $42.06.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, May 6th. The company reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.36). The business had revenue of $375.40 million for the quarter, compared to analyst estimates of $328.16 million. Chefs’ Warehouse had a net margin of 0.56% and a return on equity of 3.41%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, analysts predict that Chefs’ Warehouse will post -1.23 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. State Street Corp grew its position in shares of Chefs’ Warehouse by 9.0% during the 1st quarter. State Street Corp now owns 814,786 shares of the company’s stock valued at $8,205,000 after buying an additional 67,462 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Chefs’ Warehouse during the 1st quarter valued at about $174,000. Squarepoint Ops LLC grew its position in shares of Chefs’ Warehouse by 22.7% during the 1st quarter. Squarepoint Ops LLC now owns 33,055 shares of the company’s stock valued at $333,000 after buying an additional 6,121 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Chefs’ Warehouse during the 1st quarter valued at about $125,000. Finally, Invesco Ltd. grew its position in shares of Chefs’ Warehouse by 18.9% during the 1st quarter. Invesco Ltd. now owns 116,538 shares of the company’s stock valued at $1,173,000 after buying an additional 18,545 shares during the last quarter. 62.91% of the stock is owned by institutional investors and hedge funds.

About Chefs’ Warehouse

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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Analyst Recommendations for Chefs` Warehouse (NASDAQ:CHEF)

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