Barclays Initiates Coverage on The Chefs Warehouse Inc to Equal-weight

Barclays Initiates Coverage on The Chefs Warehouse Inc(NASDAQ:CHEF). The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 23, 2016.

The Chefs Warehouse Inc (CHEF) shares turned negative on Tuesdays trading session with the shares closing down -0.11 points or -0.99% at a volume of 93,082. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.29. The peak price level was also seen at $11.29 while the days lowest was $11.01. Finally the shares closed at $11.05. The 52-week high of the shares is $20.79 while the 52-week low is $10.31. According to the latest information available, the market cap of the company is $290 M.

The Chefs Warehouse Inc(CHEF) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $291.21M. Analysts had an estimated revenue of $297.28M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, Frank O’dowd (Chief Information Officer) sold 5,000 shares at $19.26 per share price.Also, On Nov 9, 2015, Katherine Oliver (director) purchased 547 shares at $18.28 per share price.On Nov 9, 2015, Alan C. Guarino (director) purchased 1,400 shares at $17.95 per share price, according to the Form-4 filing with the securities and exchange commission.

The Chefs’ Warehouse Inc. is a distributor of specialty food products in the United States and Canada. The Company is focused on serving the specific needs of chefs who own and/or operate a range of 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. The Company’s product portfolio includes over 31800 stock-keeping units (SKUs) over 1600 suppliers. Its product portfolio consists of imported and domestic specialty food products such as artisan charcuterie specialty cheeses oils and vinegars truffles caviar chocolate and pastry products. The Company also offers a line of center-of-the-plate products including custom cut beef seafood and hormone-free poultry as well as broadline food products such as cooking oils butter eggs milk and flour.

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