Stock of The Day: How Analysts Feel About The Chefs Warehouse, Inc After Today’s Huge Increase?

Stock of The Day: How Analysts Feel About The Chefs Warehouse, Inc After Today's Huge Increase?

The stock of The Chefs Warehouse, Inc (NASDAQ:CHEF) is a huge mover today! The stock increased 3.15% or $0.34 during the last trading session, hitting $11.14. About 195,555 shares traded hands or 40.60% up from the average. The Chefs Warehouse, Inc (NASDAQ:CHEF) has declined 41.14% since February 26, 2016 and is downtrending. It has underperformed by 51.57% the S&P500.
The move comes after 6 months positive chart setup for the $286.91M company. It was reported on Oct, 1 by Barchart.com. We have $23.39 PT which if reached, will make NASDAQ:CHEF worth $315.60M more.

Analysts await The Chefs Warehouse, Inc (NASDAQ:CHEF) to report earnings on November, 1. They expect $0.10 EPS, down 52.38% or $0.11 from last year’s $0.21 per share. CHEF’s profit will be $2.58 million for 27.85 P/E if the $0.10 EPS becomes a reality. After $0.15 actual EPS reported by The Chefs Warehouse, Inc for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

The Chefs Warehouse, Inc (NASDAQ:CHEF) Ratings Coverage

Out of 5 analysts covering Chefs’ Warehouse (NASDAQ:CHEF), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Chefs’ Warehouse has been the topic of 7 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Friday, September 23 the stock rating was initiated by Barclays Capital with “Equal-Weight”. The rating was upgraded by BB&T Capital on Wednesday, November 4 to “Buy”. The stock of The Chefs Warehouse, Inc (NASDAQ:CHEF) has “Hold” rating given on Friday, July 31 by Deutsche Bank. Canaccord Genuity maintained The Chefs Warehouse, Inc (NASDAQ:CHEF) rating on Thursday, January 21. Canaccord Genuity has “Hold” rating and $18 price target. The firm earned “Buy” rating on Friday, February 19 by Canaccord Genuity.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.34 in Q2 2016. Its down 0.19, from 1.53 in 2016Q1. The ratio dived, as 14 funds sold all The Chefs Warehouse, Inc shares owned while 18 reduced positions. 8 funds bought stakes while 35 increased positions. They now own 19.81 million shares or 1.39% more from 19.53 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) owns 543 shares or 0% of their US portfolio. Blackrock Invest Mngmt Ltd Company owns 74,582 shares or 0% of their US portfolio. Rice Hall James And Associate Limited Liability Co accumulated 0.08% or 85,707 shares. Great West Life Assurance Communications Can has invested 0% of its portfolio in The Chefs Warehouse, Inc (NASDAQ:CHEF). Citigroup has invested 0% of its portfolio in The Chefs Warehouse, Inc (NASDAQ:CHEF). Us Bancorp De last reported 0% of its portfolio in the stock. Moreover, Wall Street Associate has 0.62% invested in The Chefs Warehouse, Inc (NASDAQ:CHEF) for 97,100 shares. Jupiter Asset Mgmt Ltd accumulated 0.2% or 334,673 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Corporation owns 45,164 shares or 0% of their US portfolio. Pnc Fin Service Grp, a Pennsylvania-based fund reported 67 shares. Morgan Stanley holds 0% of its portfolio in The Chefs Warehouse, Inc (NASDAQ:CHEF) for 4,197 shares. Tiaa Cref Mngmt Lc holds 0% of its portfolio in The Chefs Warehouse, Inc (NASDAQ:CHEF) for 61,290 shares. Teacher Retirement Systems Of Texas accumulated 2,956 shares or 0% of the stock. Deutsche Bank & Trust Ag has 18,602 shares for 0% of their US portfolio. Metropolitan Life Insur Com Ny has 13,263 shares for 0% of their US portfolio.

Insider Transactions: Since April 1, 2016, the stock had 0 insider buys, and 1 sale for $96,325 net activity. O’Dowd Frank had sold 5,000 shares worth $100,650.

More important recent The Chefs Warehouse, Inc (NASDAQ:CHEF) news were published by: Marketwatch.com which released: “Chefs’ Warehouse started at equal weight with $12 stock price target at Barclays” on July 28, 2011, also Fool.com published article titled: “Why The Chefs’ Warehouse Inc. Shares Plummeted 21% Last Month”, Fool.com published: “Del Monte Integration Issues Catch Up With Chefs’ Warehouse in Q2” on August 02, 2016. More interesting news about The Chefs Warehouse, Inc (NASDAQ:CHEF) was released by: Quotes.Wsj.com and their article: “News Chefs’ Warehouse Inc.CHEF” with publication date: April 13, 2011.

CHEF Company Profile

The Chefs’ Warehouse, Inc., incorporated on June 17, 2005, is a distributor of specialty food products in the United States and Canada. The Firm operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Firm 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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