Legion Partners Asset Management, LLC
stated that they own 6% of Chefs' Warehouse Inc (NASDAQ:CHEF) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, January 16th. The investor owns 1,704,239 shares of the stock worth about $34,596,052. The reporting parties listed on the disclosure included Legion Partners, LP I, Legion Partners, LP II, Legion Partners Special Opportunities, LP VII, Legion Partners, LLC, Legion Partners Asset Management, LLC, Legion Partners Holdings, LLC, Christopher S Kiper and Raymond White. The disclosure is available through EDGAR at this link.
Chefs' Warehouse Inc (NASDAQ CHEF) traded down $0.35 during midday trading on Tuesday, reaching $20.30. The company’s stock had a trading volume of 134,298 shares, compared to its average volume of 155,294. The stock has a market cap of $577.78, a PE ratio of 38.30, a PEG ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.26 and a quick ratio of 1.31. Chefs' Warehouse Inc has a fifty-two week low of $11.85 and a fifty-two week high of $21.90.
Chefs' Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $325.08 million during the quarter, compared to analysts’ expectations of $322.78 million. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. equities analysts predict that Chefs' Warehouse Inc will post 0.41 EPS for the current fiscal year.
A number of research analysts have weighed in on CHEF shares. Zacks Investment Research downgraded Chefs' Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Chefs' Warehouse in a research note on Thursday, November 9th. TheStreet raised Chefs' Warehouse from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Chefs' Warehouse in a research note on Friday, November 10th. Finally, Loop Capital raised their price objective on Chefs' Warehouse from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. One 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.00.
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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.
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