Does Chefs’ Warehouse Inc (CHEF) Have Any Gas After Today’s Big Increase?

September 17, 2017 - By Marie Mckinney

Investors sentiment increased to 1.67 in 2016 Q4. Its up 0.03, from 1.64 in 2016Q3. It is positive, 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.
Northern has 227,816 shares. First Trust Advsrs Limited Partnership holds 21,489 shares. Creative Planning invested in 0% or 13,812 shares. Trexquant Investment Limited Partnership holds 0.03% of its portfolio in Chefs’ Warehouse Inc (NASDAQ:CHEF) for 12,700 shares. Blackrock Institutional Trust Company Na invested in 0% or 452,610 shares. Manufacturers Life Insurance The holds 14,634 shares or 0% of its portfolio. New York-based Alliancebernstein Ltd Partnership has invested 0.02% in Chefs’ Warehouse Inc (NASDAQ:CHEF). Rhumbline Advisers reported 18,851 shares. Natl Bank Of Montreal Can stated it has 0% in Chefs’ Warehouse Inc (NASDAQ:CHEF). Morgan Stanley invested 0% of its portfolio in Chefs’ Warehouse Inc (NASDAQ:CHEF). Kayne Anderson Rudnick Investment Management Ltd Limited Liability Company has invested 0.74% in Chefs’ Warehouse Inc (NASDAQ:CHEF). State Street has 0% invested in Chefs’ Warehouse Inc (NASDAQ:CHEF) for 301,448 shares. Jupiter Asset holds 0.21% or 355,902 shares. Barrow Hanley Mewhinney Strauss Ltd Limited Liability Company reported 77,264 shares. Blackrock Fund Advsr reported 0% stake.

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 We have $18.78 PT which if reached, will make NASDAQ:CHEF worth $32.38 million more.

Wall Street await Chefs’ Warehouse Inc (NASDAQ:CHEF) to release earnings on November, 1. Analysts forecast EPS of $0.10, up exactly $0.03 or 42.86 % from 2014’s $0.07 EPS. The expected CHEF’s profit could reach $2.64M giving the stock 43.88 P/E in the case that $0.10 earnings per share is reported. After posting $0.14 EPS for the previous quarter, Chefs’ Warehouse Inc’s analysts now forecast -28.57 % negative 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 firm has “Buy” rating by Jefferies given on Thursday, June 1. BB&T Capital upgraded the shares of CHEF in report on Wednesday, November 4 to “Buy” rating. The rating was initiated by Barclays Capital with “Equal-Weight” on Friday, September 23. BMO Capital Markets maintained Chefs’ Warehouse Inc (NASDAQ:CHEF) rating on Thursday, August 3. BMO Capital Markets has “Hold” rating and $1600 target. Canaccord Genuity maintained the shares of CHEF in report on Thursday, August 10 with “Buy” rating. As per Friday, August 25, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Wednesday, August 9 by BMO Capital Markets. The stock of Chefs’ Warehouse Inc (NASDAQ:CHEF) earned “Buy” rating by Jefferies on Monday, July 17. The rating was maintained by Canaccord Genuity on Thursday, January 21 with “Hold”. The firm earned “Buy” rating on Friday, February 19 by Canaccord Genuity.

More notable recent Chefs’ Warehouse Inc (NASDAQ:CHEF) news were published by: which released: “Chef’s Warehouse, Performance Food Group: 2 Food Names Analysts Find Appetizing” on May 16, 2017, also with their article: “Why Shares of The Chefs’ Warehouse, Inc. Jumped 19% Last Month” published on September 11, 2017, published: “Can Chefs’ Warehouse get back into the black?” on May 09, 2017. More interesting news about Chefs’ Warehouse Inc (NASDAQ:CHEF) were released by: and their article: “Chefs’ Warehouse falls short on the bottom line” published on November 03, 2016 as well as‘s news article titled: “The Chefs’ Warehouse to Announce First Quarter 2017 Results on May 9, 2017” with publication date: April 18, 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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