Chefs’ Warehouse Upgraded to “Neutral” at Zacks (CHEF)

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Chefs’ Warehouse (NASDAQ:CHEF) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday. The firm currently has a $18.70 target price on the stock. Zacks‘s target price would indicate a potential upside of 3.14% from the company’s current price.

Shares of Chefs’ Warehouse (NASDAQ:CHEF) opened at 18.13 on Tuesday. Chefs’ Warehouse has a 52 week low of $16.29 and a 52 week high of $29.99. The stock’s 50-day moving average is $19.24 and its 200-day moving average is $23.15. The company has a market cap of $454.0 million and a price-to-earnings ratio of 27.39.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.02. The company had revenue of $187.18 million for the quarter, compared to the consensus estimate of $178.30 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, analysts predict that Chefs’ Warehouse will post $0.67 earnings per share for the current fiscal year.

CHEF has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Chefs’ Warehouse in a research note on Friday, May 2nd. They now have a $25.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $23.93.

The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.

To view Zacks’ full report, visit Zacks’ official website.

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