Chefs’ Warehouse (NASDAQ:CHEF) Given New $38.00 Price Target at CL King

Chefs’ Warehouse (NASDAQ:CHEFGet Rating) had its price objective lifted by CL King from $34.00 to $38.00 in a report released on Thursday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. StockNews.com assumed coverage on Chefs’ Warehouse in a report on Thursday, March 31st. They issued a hold rating on the stock. Lake Street Capital lifted their target price on Chefs’ Warehouse from $40.00 to $45.00 in a report on Thursday, February 10th. Zacks Investment Research raised Chefs’ Warehouse from a sell rating to a hold rating in a research note on Tuesday, March 1st. Finally, Benchmark initiated coverage on Chefs’ Warehouse in a research note on Friday, December 17th. They set a buy rating and a $41.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse currently has an average rating of Buy and an average target price of $40.00.

Shares of Chefs’ Warehouse stock opened at $33.15 on Thursday. The stock’s 50-day simple moving average is $31.66 and its 200-day simple moving average is $32.20. Chefs’ Warehouse has a 52 week low of $25.60 and a 52 week high of $37.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.65 and a current ratio of 2.39.

Chefs’ Warehouse (NASDAQ:CHEFGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.08. Chefs’ Warehouse had a negative return on equity of 0.60% and a negative net margin of 0.28%. The business had revenue of $558.25 million for the quarter, compared to the consensus estimate of $521.70 million. During the same period in the previous year, the business earned ($0.52) earnings per share. Research analysts predict that Chefs’ Warehouse will post 0.73 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Chefs’ Warehouse in the third quarter valued at approximately $40,000. Point72 Hong Kong Ltd purchased a new stake in Chefs’ Warehouse during the fourth quarter worth $86,000. KBC Group NV purchased a new stake in Chefs’ Warehouse during the third quarter worth $97,000. Nisa Investment Advisors LLC lifted its holdings in Chefs’ Warehouse by 20.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,330 shares of the company’s stock worth $99,000 after buying an additional 570 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Chefs’ Warehouse during the fourth quarter worth $215,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Chefs’ Warehouse (Get Rating)

The Chefs' Warehouse, Inc, together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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