Investment analysts at Canaccord Genuity raised their price target on shares of Chefs’ Warehouse (NASDAQ:CHEF) from $24.00 to $27.00 in a note issued to investors on Friday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 16.38% from the company’s current price.
A number of other analysts have also recently weighed in on CHEF. Analysts at Zacks downgraded shares of Chefs’ Warehouse from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 10th. They now have a $21.20 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Chefs’ Warehouse in a research note to investors on Monday, October 7th. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Chefs’ Warehouse in a research note to investors on Wednesday, September 25th. They set a “hold” rating and a $23.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.37.
Chefs’ Warehouse (NASDAQ:CHEF) traded down 3.17% during mid-day trading on Friday, hitting $23.20. 215,109 shares of the company’s stock traded hands. Chefs’ Warehouse has a 52 week low of $13.85 and a 52 week high of $23.64. The stock has a 50-day moving average of $23.5 and a 200-day moving average of $20.80. The company has a market cap of $492.6 million and a price-to-earnings ratio of 32.82.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $170.58 million for the quarter, compared to the consensus estimate of $171.29 million. During the same quarter last year, the company posted $0.21 earnings per share. Chefs’ Warehouse’s revenue was up 36.7% compared to the same quarter last year. On average, analysts predict that Chefs’ Warehouse will post $0.91 earnings per share for the current fiscal year.
The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.
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