Chefs' Warehouse (NASDAQ:CHEF) Lowered to “Sell” at Zacks Investment Research

Chefs' Warehouse (NASDAQ:CHEF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, January 9th.

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 analysts have also issued reports on the company. TheStreet upgraded Chefs' Warehouse from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. BMO Capital Markets upgraded Chefs' Warehouse from a “market perform” rating to an “outperform” rating in a research report on Monday, November 13th. Jefferies Group restated a “buy” rating and set a $23.00 price target on shares of Chefs' Warehouse in a research report on Friday, November 10th. Canaccord Genuity restated a “buy” rating and set a $22.00 price target on shares of Chefs' Warehouse in a research report on Thursday, November 9th. Finally, Loop Capital raised their price target on Chefs' Warehouse from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.00.

Chefs' Warehouse (CHEF) traded down $0.35 during trading hours on Tuesday, hitting $20.30. The company’s stock had a trading volume of 134,298 shares, compared to its average volume of 127,540. The company has a current ratio of 2.26, a quick ratio of 1.31 and a debt-to-equity ratio of 1.54. The stock has a market cap of $587.74, a PE ratio of 38.30, a P/E/G ratio of 1.62 and a beta of 1.09. Chefs' Warehouse has a 1 year low of $11.85 and a 1 year high of $21.90.

Chefs' Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $325.08 million for the quarter, compared to analyst estimates of $322.78 million. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 EPS. equities analysts expect that Chefs' Warehouse will post 0.41 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of CHEF. Schwab Charles Investment Management Inc. grew its holdings in shares of Chefs' Warehouse by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 69,210 shares of the company’s stock worth $900,000 after acquiring an additional 456 shares during the period. Rhumbline Advisers grew its holdings in Chefs' Warehouse by 8.2% during the second quarter. Rhumbline Advisers now owns 21,000 shares of the company’s stock valued at $273,000 after purchasing an additional 1,595 shares during the period. Bank of New York Mellon Corp grew its holdings in Chefs' Warehouse by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 71,628 shares of the company’s stock valued at $931,000 after purchasing an additional 554 shares during the period. Neuberger Berman Group LLC grew its holdings in Chefs' Warehouse by 5.4% during the second quarter. Neuberger Berman Group LLC now owns 80,302 shares of the company’s stock valued at $1,044,000 after purchasing an additional 4,135 shares during the period. Finally, Kennedy Capital Management Inc. bought a new stake in Chefs' Warehouse during the second quarter valued at about $1,057,000. 72.96% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Chefs' Warehouse (NASDAQ:CHEF) Lowered to “Sell” at Zacks Investment Research” was published by BBNS and is owned by of BBNS. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://baseballnewssource.com/markets/chefs-warehouse-chef-stock-rating-lowered-by-zacks-investment-research/1821324.html.

About Chefs' Warehouse

The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.

Get a free copy of the Zacks research report on Chefs' Warehouse (CHEF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Chefs' Warehouse (NASDAQ:CHEF)

Receive News & Ratings for Chefs' Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chefs' Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.