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

Other analysts also recently issued reports about the stock. National Securities reissued a buy rating and issued a $30.00 price target on shares of Chefs’ Warehouse in a report on Wednesday, May 20th. ValuEngine raised shares of Chefs’ Warehouse from a hold rating to a buy rating in a report on Friday, May 8th. TheStreet downgraded shares of Chefs’ Warehouse from a b- rating to a c rating in a report on Wednesday, March 18th. Zacks Investment Research downgraded shares of Chefs’ Warehouse from a hold rating to a sell rating in a report on Monday, May 11th. Finally, BMO Capital Markets increased their price target on shares of Chefs’ Warehouse from $14.00 to $15.00 and gave the company a market perform rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Chefs’ Warehouse currently has a consensus rating of Hold and a consensus price target 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 company has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $23.66. The company has a market cap of $509.31 million, a P/E ratio of 47.72 and a beta of 1.97. Chefs’ Warehouse has a 1 year low of $3.55 and a 1 year high of $42.06.

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

Hedge funds have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of Chefs’ Warehouse by 2,100.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,169 shares of the company’s stock valued at $32,000 after buying an additional 3,025 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Chefs’ Warehouse by 188.5% in the 4th quarter. Advisors Asset Management Inc. now owns 880 shares of the company’s stock valued at $34,000 after buying an additional 575 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Chefs’ Warehouse by 46.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,826 shares of the company’s stock valued at $99,000 after buying an additional 3,104 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Chefs’ Warehouse in the 1st quarter valued at $125,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Chefs’ Warehouse by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,820 shares of the company’s stock valued at $129,000 after buying an additional 4,182 shares in the last quarter. Institutional investors own 62.91% 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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Analyst Recommendations for Chefs` Warehouse (NASDAQ:CHEF)

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