What’s Propelling Chefs’ Warehouse Inc (CHEF) to Increase So Much?

September 17, 2017 - By Peter Erickson

Investors sentiment increased to 1.67 in Q4 2016. Its up 0.03, from 1.64 in 2016Q3. It improved, as 6 investors sold Chefs’ Warehouse Inc shares while 21 reduced holdings. 11 funds opened positions while 34 raised stakes. 17.95 million shares or 8.87% less from 19.69 million shares in 2016Q3 were reported.
Rhumbline Advisers reported 0% of its portfolio in Chefs’ Warehouse Inc (NASDAQ:CHEF). Blackrock Grp Ltd holds 8,438 shares. Advisors Cap Management Limited Liability Com holds 183,487 shares or 0.28% of its portfolio. Citadel Advsr Limited Liability Company has 42,270 shares. 19,300 were accumulated by State Common Retirement Fund. Royal Bank Of Canada owns 0% invested in Chefs’ Warehouse Inc (NASDAQ:CHEF) for 1,144 shares. Alliancebernstein Ltd Partnership holds 1.27 million shares or 0.02% of its portfolio. 79,386 were reported by Tiaa Cref Inv Mgmt Lc. American International Gp has invested 0% in Chefs’ Warehouse Inc (NASDAQ:CHEF). Blackrock Institutional Na stated it has 452,610 shares or 0% of all its holdings. 10,275 were reported by Stonebridge Capital Inc. Northern Tru holds 0% of its portfolio in Chefs’ Warehouse Inc (NASDAQ:CHEF) for 227,816 shares. Neuberger Berman Gru Limited Liability Corp, a New York-based fund reported 56,616 shares. Fincl Bank Of America Corporation De has 3,797 shares. Parametric Portfolio Associates Ltd Co reported 76,050 shares or 0% of all its holdings.

The stock of Chefs’ Warehouse Inc (NASDAQ:CHEF) is a huge mover today! The stock increased 4.15% or $0.7 on September 15, reaching $17.55. About 201,558 shares traded or 5.24% up from the average. Chefs’ Warehouse Inc (NASDAQ:CHEF) has declined 1.13% since September 17, 2016 and is downtrending. It has underperformed by 17.83% the S&P500.
The move comes after 9 months positive chart setup for the $462.63M company. It was reported on Sep, 17 by Barchart.com. We have $18.78 PT which if reached, will make NASDAQ:CHEF worth $32.38 million more.

Analysts await Chefs’ Warehouse Inc (NASDAQ:CHEF) to report earnings on November, 1. They expect $0.10 earnings per share, up 42.86 % or $0.03 from last year’s $0.07 per share. CHEF’s profit will be $2.64 million for 43.88 P/E if the $0.10 EPS becomes a reality. After $0.14 actual earnings per share reported by Chefs’ Warehouse Inc for the previous quarter, Wall Street now forecasts -28.57 % negative EPS growth.

Chefs’ Warehouse Inc (NASDAQ:CHEF) Ratings Coverage

Among 7 analysts covering Chefs’ Warehouse (NASDAQ:CHEF), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Chefs’ Warehouse had 17 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 4 by BB&T Capital. The firm has “Hold” rating given on Friday, July 31 by Deutsche Bank. Jefferies maintained Chefs’ Warehouse Inc (NASDAQ:CHEF) rating on Monday, July 17. Jefferies has “Buy” rating and $1900 target. As per Thursday, June 1, the company rating was maintained by Jefferies. The rating was upgraded by Canaccord Genuity on Friday, February 19 to “Buy”. Canaccord Genuity maintained Chefs’ Warehouse Inc (NASDAQ:CHEF) on Monday, August 28 with “Buy” rating. The stock of Chefs’ Warehouse Inc (NASDAQ:CHEF) has “Hold” rating given on Thursday, January 21 by Canaccord Genuity. The stock of Chefs’ Warehouse Inc (NASDAQ:CHEF) earned “Hold” rating by BMO Capital Markets on Thursday, August 3. Canaccord Genuity maintained Chefs’ Warehouse Inc (NASDAQ:CHEF) rating on Thursday, August 10. Canaccord Genuity has “Buy” rating and $1900 target. The firm earned “Hold” rating on Wednesday, August 9 by BMO Capital Markets.

More notable recent Chefs’ Warehouse Inc (NASDAQ:CHEF) news were published by: Fool.com which released: “Can Chefs’ Warehouse get back into the black?” on May 09, 2017, also Benzinga.com with their article: “Chef’s Warehouse, Performance Food Group: 2 Food Names Analysts Find Appetizing” published on May 16, 2017, Zacks.com published: “Is Chefs’ Warehouse an Incredible Momentum Stock? 3 Reasons Why CHEF Will Be …” on September 05, 2017. More interesting news about Chefs’ Warehouse Inc (NASDAQ:CHEF) were released by: Fool.com and their article: “What’s next for Chefs’ Warehouse?” published on February 21, 2017 as well as Fool.com‘s news article titled: “Chefs’ Warehouse falls short on the bottom line” with publication date: November 03, 2016.

The Chefs’ Warehouse, Inc. is a distributor of specialty food products in the United States and Canada. The company has market cap of $462.63 million. The Firm operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. It has a 36.98 P/E ratio. 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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