TheStreet Downgrades Chefs’ Warehouse (CHEF) to C+

TheStreet Downgrades Chefs’ Warehouse (CHEF) to C+

CHEF has been the topic of several other research reports. Zacks Investment Research upgraded shares of Chefs’ Warehouse from a sell rating to a hold rating in a report on Tuesday, April 16th. BidaskClub lowered shares of Chefs’ Warehouse from a buy rating to a hold rating in a report on Saturday, February 2nd. ValuEngine lowered shares of Chefs’ Warehouse from a strong-buy rating to a buy rating in a report on Thursday, March 21st. BMO Capital Markets upgraded shares of Chefs’ Warehouse from a market perform rating to an outperform rating and set a $33.31 target price on the stock in a report on Wednesday, May 1st. Finally, Barclays restated a hold rating on shares of Chefs’ Warehouse in a report on Sunday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chefs’ Warehouse presently has an average rating of Buy and an average price target of $32.89.

NASDAQ:CHEF opened at $32.92 on Monday. The company has a current ratio of 2.31, a quick ratio of 1.42 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.02 billion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 2.20 and a beta of 0.81. Chefs’ Warehouse has a twelve month low of $24.95 and a twelve month high of $39.26.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, May 1st. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $357.03 million for the quarter, compared to analyst estimates of $348.33 million. Chefs’ Warehouse had a net margin of 1.42% and a return on equity of 8.02%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. Sell-side analysts forecast that Chefs’ Warehouse will post 1.03 EPS for the current year.

In other Chefs’ Warehouse news, insider Patricia Lecouras sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $36.07, for a total value of $90,175.00. Following the transaction, the insider now owns 41,561 shares in the company, valued at approximately $1,499,105.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Alexandros Aldous sold 8,632 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.05, for a total transaction of $268,023.60. Following the completion of the transaction, the general counsel now owns 48,290 shares in the company, valued at approximately $1,499,404.50. The disclosure for this sale can be found here. Insiders own 15.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Chefs’ Warehouse by 57.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock worth $67,000 after buying an additional 784 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Chefs’ Warehouse by 1,074.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,520 shares of the company’s stock worth $140,000 after buying an additional 4,135 shares in the last quarter. Flinton Capital Management LLC acquired a new position in Chefs’ Warehouse in the 4th quarter worth $155,000. Neuburgh Advisers LLC acquired a new position in Chefs’ Warehouse in the 4th quarter worth $188,000. Finally, SG Americas Securities LLC acquired a new position in Chefs’ Warehouse in the 1st quarter worth $234,000. Hedge funds and other institutional investors own 83.67% 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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