Jefferies Maintains The Chefs Warehouse Inc to Buy with Price Target $14.00

Brokerage firm Jefferies Maintains its rating on The Chefs Warehouse Inc(NASDAQ:CHEF). In a research note issued to the investors, the brokerage major Lowers the price-target to $14.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Sep 30, 2016.

In a different note, Barclays said it Initiates Coverage on The Chefs Warehouse Inc, according to a research note issued on Sep 23, 2016. The shares have been rated ‘Equal-weight’ by the firm.

The Chefs Warehouse Inc (CHEF) made into the market gainers list on Tuesdays trading session with the shares advancing 0.44% or 0.05 points. Due to strong positive momentum, the stock ended at $11.51, which is also near the day’s high of $11.605. The stock began the session at $11.53 and the volume stood at 1,33,840 shares. The 52-week high of the shares is $20.79 and the 52 week low is $10.31. The company has a current market capitalization of $302 M and it has 2,62,31,889 shares in outstanding.

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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