FY2017 EPS Estimates for The Chefs’ Warehouse, Inc. (CHEF) Raised by Analyst

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) – Jefferies Group raised their FY2017 earnings per share (EPS) estimates for shares of The Chefs’ Warehouse in a research note issued to investors on Thursday. Jefferies Group analyst C. Mandeville now forecasts that the company will post earnings per share of $0.41 for the year, up from their previous estimate of $0.38. Jefferies Group currently has a “Buy” rating and a $19.00 target price on the stock. Jefferies Group also issued estimates for The Chefs’ Warehouse’s Q4 2017 earnings at $0.22 EPS, Q2 2018 earnings at $0.18 EPS, FY2020 earnings at $0.82 EPS and FY2021 earnings at $0.91 EPS.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. ValuEngine lowered shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. Canaccord Genuity started coverage on shares of The Chefs’ Warehouse in a research report on Tuesday, July 4th. They set a “buy” rating and a $18.00 target price on the stock. Finally, Loop Capital started coverage on shares of The Chefs’ Warehouse in a research report on Monday, May 15th. They set a “buy” rating and a $18.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The Chefs’ Warehouse has an average rating of “Buy” and an average target price of $17.83.

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The Chefs’ Warehouse (NASDAQ CHEF) opened at 17.60 on Friday. The stock has a market capitalization of $457.42 million, a P/E ratio of 36.51 and a beta of 1.13. The Chefs’ Warehouse has a 12-month low of $10.71 and a 12-month high of $18.13. The firm’s 50-day moving average is $13.82 and its 200 day moving average is $14.55.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The business had revenue of $331.70 million for the quarter, compared to the consensus estimate of $325.16 million. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.60%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.

Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in The Chefs’ Warehouse by 8.9% in the fourth quarter. State Street Corp now owns 301,448 shares of the company’s stock valued at $4,757,000 after buying an additional 24,565 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in The Chefs’ Warehouse by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 709,592 shares of the company’s stock valued at $11,212,000 after buying an additional 10,550 shares in the last quarter. Nationwide Fund Advisors raised its stake in The Chefs’ Warehouse by 6.7% in the first quarter. Nationwide Fund Advisors now owns 14,468 shares of the company’s stock valued at $201,000 after buying an additional 906 shares in the last quarter. Wells Fargo & Company MN raised its stake in The Chefs’ Warehouse by 82.2% in the first quarter. Wells Fargo & Company MN now owns 447,608 shares of the company’s stock valued at $6,221,000 after buying an additional 201,912 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in The Chefs’ Warehouse during the first quarter valued at approximately $1,043,000. Institutional investors and hedge funds own 76.24% of the company’s stock.

About The 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.

Earnings History and Estimates for The Chefs` Warehouse (NASDAQ:CHEF)

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