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. “
Several other analysts have also recently weighed in on the stock. TheStreet raised shares of Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research note on Friday, July 5th. BidaskClub raised shares of Chefs’ Warehouse from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets raised shares of Chefs’ Warehouse from a “market perform” rating to an “outperform” rating and set a $33.31 price objective on the stock in a research note on Wednesday, May 1st. Finally, Barclays reaffirmed a “hold” rating on shares of Chefs’ Warehouse in a research note on Sunday, May 5th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $37.10.
NASDAQ CHEF opened at $37.42 on Wednesday. The stock has a market cap of $1.11 billion, a P/E ratio of 47.97, a PEG ratio of 2.45 and a beta of 0.81. The company’s 50-day simple moving average is $35.67 and its 200 day simple moving average is $33.36. Chefs’ Warehouse has a twelve month low of $27.85 and a twelve month high of $39.26. The company has a quick ratio of 1.40, a current ratio of 2.28 and a debt-to-equity ratio of 0.89.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $410.13 million. Chefs’ Warehouse had a net margin of 1.44% and a return on equity of 8.55%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Research analysts anticipate that Chefs’ Warehouse will post 1.01 earnings per share for the current year.
In other Chefs’ Warehouse news, insider Tim Mccauley sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $33.99, for a total transaction of $33,990.00. Following the sale, the insider now directly owns 13,931 shares of the company’s stock, valued at $473,514.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 15.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Chefs’ Warehouse by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 252,217 shares of the company’s stock valued at $8,065,000 after buying an additional 28,248 shares during the period. Legal & General Group Plc raised its holdings in shares of Chefs’ Warehouse by 1,361.7% in the 4th quarter. Legal & General Group Plc now owns 48,923 shares of the company’s stock valued at $1,553,000 after buying an additional 45,576 shares during the period. Deutsche Bank AG grew its stake in Chefs’ Warehouse by 41.1% during the 4th quarter. Deutsche Bank AG now owns 162,639 shares of the company’s stock worth $5,199,000 after purchasing an additional 47,388 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in Chefs’ Warehouse by 3.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,341,304 shares of the company’s stock worth $41,647,000 after purchasing an additional 41,771 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Chefs’ Warehouse by 1,074.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,520 shares of the company’s stock worth $140,000 after purchasing an additional 4,135 shares in the last quarter. 82.94% of the stock is currently owned by hedge funds and other institutional investors.
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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