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 equities research analysts have also commented on the company. BidaskClub lowered Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th. TheStreet upgraded Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Friday, July 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $37.10.
Chefs’ Warehouse stock opened at $40.82 on Wednesday. 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 has a 12 month low of $29.56 and a 12 month high of $42.06. The stock’s 50 day simple moving average is $37.72 and its two-hundred day simple moving average is $34.00. The firm has a market cap of $1.16 billion, a PE ratio of 52.33, a P/E/G ratio of 2.56 and a beta of 0.78.
Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Chefs’ Warehouse had a return on equity of 8.55% and a net margin of 1.44%. The business had revenue of $411.40 million for the quarter, compared to analyst estimates of $410.13 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Chefs’ Warehouse will post 1.01 EPS for the current year.
Several large investors have recently made changes to their positions in CHEF. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Chefs’ Warehouse during the 2nd quarter valued at approximately $7,518,000. Nuveen Asset Management LLC purchased a new position in shares of Chefs’ Warehouse during the 2nd quarter valued at approximately $5,915,000. BlackRock Inc. lifted its position in shares of Chefs’ Warehouse by 4.4% during the 2nd quarter. BlackRock Inc. now owns 3,486,802 shares of the company’s stock valued at $122,283,000 after buying an additional 146,465 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Chefs’ Warehouse by 11.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,269,300 shares of the company’s stock valued at $44,514,000 after buying an additional 127,000 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Chefs’ Warehouse by 179.2% during the 2nd quarter. Morgan Stanley now owns 178,216 shares of the company’s stock valued at $6,251,000 after buying an additional 114,390 shares in the last quarter. Hedge funds and other institutional investors own 83.76% 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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