What Will Happen to Chefs’ Warehouse Inc (CHEF) Next? The Stock Just Increased A Lot

September 17, 2017 - By Michael Collier

Investors sentiment increased to 1.67 in 2016 Q4. 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.
Legal And General Grp Public Ltd Limited Liability Company holds 0% or 6,369 shares. Swiss Retail Bank has invested 0% in Chefs’ Warehouse Inc (NASDAQ:CHEF). Rhumbline Advisers stated it has 18,851 shares or 0% of all its holdings. Pacific Investment Com owns 269,227 shares for 0.86% of their portfolio. 702,208 were reported by Rutabaga Cap Mngmt Lc Ma. Jupiter Asset Management Ltd has 355,902 shares for 0.21% of their portfolio. Blackrock Advisors Limited Co holds 10,493 shares. Jpmorgan Chase & reported 0% stake. 543 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Northern has invested 0% in Chefs’ Warehouse Inc (NASDAQ:CHEF). Tower Rech Cap Limited Liability Company (Trc) holds 874 shares or 0% of its portfolio. Great West Life Assurance Can owns 5,410 shares for 0% of their portfolio. 285,000 were reported by Ack Asset Mgmt Limited Liability. Geode Cap Mgmt Ltd Llc has invested 0% of its portfolio in Chefs’ Warehouse Inc (NASDAQ:CHEF). 183,487 are held by Advsr Cap Mgmt Ltd Liability Corp.

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 expect Chefs’ Warehouse Inc (NASDAQ:CHEF) to report $0.10 EPS on November, 1.They anticipate $0.03 EPS change or 42.86 % from last quarter’s $0.07 EPS. CHEF’s profit would be $2.64M giving it 43.88 P/E if the $0.10 EPS is correct. After having $0.14 EPS previously, Chefs’ Warehouse Inc’s analysts see -28.57 % 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 rating was upgraded by BB&T Capital on Wednesday, November 4 to “Buy”. Canaccord Genuity maintained the shares of CHEF in report on Thursday, January 21 with “Hold” rating. On Thursday, August 3 the stock rating was maintained by BMO Capital Markets with “Hold”. Canaccord Genuity maintained the shares of CHEF in report on Thursday, August 10 with “Buy” rating. The firm has “Buy” rating by Canaccord Genuity given on Friday, February 19. On Wednesday, August 9 the stock rating was maintained by BMO Capital Markets with “Hold”. Canaccord Genuity maintained the shares of CHEF in report on Monday, August 28 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Friday, August 25. Jefferies maintained the shares of CHEF in report on Thursday, June 1 with “Buy” rating. The stock has “Buy” rating by Jefferies on Monday, July 17.

More notable recent Chefs’ Warehouse Inc (NASDAQ:CHEF) news were published by: Zacks.com which released: “Is Chefs’ Warehouse an Incredible Momentum Stock? 3 Reasons Why CHEF Will Be …” on September 05, 2017, also Fool.com with their article: “Can Chefs’ Warehouse get back into the black?” published on May 09, 2017, Fool.com published: “Why Shares of The Chefs’ Warehouse, Inc. Jumped 19% Last Month” on September 11, 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 makes progress” with publication date: August 10, 2017.

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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