According to Zacks, “Chefs’ Warehouse Holdings, LLC is a distributor of specialty food products in the United States. The Company is focused on serving the specific needs of chefs who own 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, LLC is based in Ridgefield, Connecticut. “
A number of other research analysts also recently issued reports on CHEF. Barclays restated a hold rating on shares of Chefs’ Warehouse in a research note on Sunday, May 5th. TheStreet upgraded Chefs’ Warehouse from a c+ rating to a b- rating in a research note on Friday, July 5th. BMO Capital Markets upgraded Chefs’ Warehouse from a market perform rating to an outperform rating and set a $33.31 price objective for the company in a research note on Wednesday, May 1st. Finally, BidaskClub upgraded Chefs’ Warehouse from a buy rating to a strong-buy rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Chefs’ Warehouse presently has an average rating of Buy and an average target price of $37.10.
NASDAQ CHEF opened at $37.94 on Tuesday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 43.31, a PEG ratio of 2.54 and a beta of 0.81. The business has a fifty day simple moving average of $36.28 and a 200 day simple moving average of $33.58. Chefs’ Warehouse has a 12 month low of $27.85 and a 12 month high of $39.57. The company has a current ratio of 2.28, a quick ratio of 1.40 and a debt-to-equity ratio of 0.89.
Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $411.40 million during the quarter, compared to analyst estimates of $410.13 million. Chefs’ Warehouse had a return on equity of 8.55% and a net margin of 1.44%. Chefs’ Warehouse’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. As a group, sell-side analysts predict that Chefs’ Warehouse will post 1.01 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its stake in Chefs’ Warehouse by 4.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,411 shares of the company’s stock valued at $400,000 after purchasing an additional 530 shares during the period. Texas Permanent School Fund grew its stake in Chefs’ Warehouse by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 15,669 shares of the company’s stock valued at $487,000 after purchasing an additional 568 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Chefs’ Warehouse by 57.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock valued at $67,000 after purchasing an additional 784 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Chefs’ Warehouse in the 2nd quarter valued at $45,000. Finally, JPMorgan Chase & Co. grew its stake in Chefs’ Warehouse by 25.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,632 shares of the company’s stock valued at $225,000 after purchasing an additional 1,327 shares during the period. Hedge funds and other institutional investors own 84.11% of the company’s stock.
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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