Zacks upgraded shares of Chefs’ Warehouse (NASDAQ:CHEF) from an underperform rating to a neutral rating in a research report released on Tuesday morning, Analyst Ratings Network.com reports. Zacks currently has $27.10 price objective on the stock.
Shares of Chefs’ Warehouse (NASDAQ:CHEF) opened at 25.99 on Tuesday. Chefs’ Warehouse has a one year low of $14.72 and a one year high of $26.75. The stock’s 50-day moving average is $24.73 and its 200-day moving average is $22.11. The company has a market cap of $650.2 million and a price-to-earnings ratio of 35.23.
Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ 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 in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 36.7% on a year-over-year basis. On average, analysts predict that Chefs’ Warehouse will post $0.90 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Chefs’ Warehouse from $24.00 to $27.00 in a research note to investors on Friday, November 1st. They now have a buy rating 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $25.35.
The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.
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