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AAPL   444.29 (+0.92%)
MSFT   212.13 (-0.38%)
FB   250.68 (+0.63%)
GOOGL   1,481.47 (+0.16%)
AMZN   3,184.67 (-0.64%)
NVDA   451.21 (-0.06%)
CGC   18.85 (-1.87%)
BABA   262.04 (-1.08%)
TSLA   1,483.10 (-0.13%)
MU   49.87 (-2.31%)
GE   6.32 (-1.25%)
AMD   85.57 (+0.29%)
T   29.84 (-0.03%)
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ACB   10.49 (-2.05%)
GILD   69.03 (+0.04%)
NFLX   501.61 (-0.10%)
DIS   126.93 (-0.53%)
BAC   25.32 (-0.28%)
BA   172.27 (-1.15%)
S&P 500   3,329.01 (+0.04%)
DOW   27,258.89 (+0.21%)
QQQ   270.55 (-0.18%)
AAPL   444.29 (+0.92%)
MSFT   212.13 (-0.38%)
FB   250.68 (+0.63%)
GOOGL   1,481.47 (+0.16%)
AMZN   3,184.67 (-0.64%)
NVDA   451.21 (-0.06%)
CGC   18.85 (-1.87%)
BABA   262.04 (-1.08%)
TSLA   1,483.10 (-0.13%)
MU   49.87 (-2.31%)
GE   6.32 (-1.25%)
AMD   85.57 (+0.29%)
T   29.84 (-0.03%)
F   6.89 (-1.01%)
ACB   10.49 (-2.05%)
GILD   69.03 (+0.04%)
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DIS   126.93 (-0.53%)
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BA   172.27 (-1.15%)
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DOW   27,258.89 (+0.21%)
QQQ   270.55 (-0.18%)
AAPL   444.29 (+0.92%)
MSFT   212.13 (-0.38%)
FB   250.68 (+0.63%)
GOOGL   1,481.47 (+0.16%)
AMZN   3,184.67 (-0.64%)
NVDA   451.21 (-0.06%)
CGC   18.85 (-1.87%)
BABA   262.04 (-1.08%)
TSLA   1,483.10 (-0.13%)
MU   49.87 (-2.31%)
GE   6.32 (-1.25%)
AMD   85.57 (+0.29%)
T   29.84 (-0.03%)
F   6.89 (-1.01%)
ACB   10.49 (-2.05%)
GILD   69.03 (+0.04%)
NFLX   501.61 (-0.10%)
DIS   126.93 (-0.53%)
BAC   25.32 (-0.28%)
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ValuEngine Upgrades Chefs' Warehouse (NASDAQ:CHEF) to Strong-Buy

Last updated on Tuesday, August 4, 2020 | 2020 MarketBeat

Chefs' Warehouse (NASDAQ:CHEF) was upgraded by equities research analysts at ValuEngine from a "buy" rating to a "strong-buy" rating in a report issued on Tuesday, ValuEngine reports.

Several other equities research analysts have also weighed in on the company. National Securities reiterated a "buy" rating and issued a $30.00 price objective on shares of Chefs' Warehouse in a research note on Wednesday, July 29th. BMO Capital Markets boosted their target price on Chefs' Warehouse from $14.00 to $15.00 and gave the stock a "market perform" rating in a report on Thursday, May 7th. BTIG Research assumed coverage on Chefs' Warehouse in a report on Thursday, July 16th. They issued a "neutral" rating on the stock. Zacks Investment Research downgraded Chefs' Warehouse from a "hold" rating to a "sell" rating in a report on Monday, July 27th. Finally, BidaskClub downgraded Chefs' Warehouse from a "sell" rating to a "strong sell" rating in a report on Saturday, July 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of "Hold" and a consensus target price of $25.33.

Shares of CHEF stock traded up $1.01 during trading hours on Tuesday, hitting $12.47. The company had a trading volume of 1,205,078 shares, compared to its average volume of 1,114,170. Chefs' Warehouse has a 12 month low of $3.55 and a 12 month high of $42.06. The firm has a market capitalization of $433.38 million, a price-to-earnings ratio of -23.09 and a beta of 1.92. The firm's fifty day moving average is $13.29 and its 200 day moving average is $19.25. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.75 and a current ratio of 3.54.

Chefs' Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.04). Chefs' Warehouse had a negative net margin of 1.37% and a negative return on equity of 5.13%. The company had revenue of $200.50 million during the quarter, compared to the consensus estimate of $213.72 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company's revenue for the quarter was down 51.3% on a year-over-year basis. On average, sell-side analysts expect that Chefs' Warehouse will post -1.23 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its holdings in Chefs' Warehouse by 188.5% during the 4th quarter. Advisors Asset Management Inc. now owns 880 shares of the company's stock worth $34,000 after buying an additional 575 shares in the last quarter. WASHINGTON TRUST Co acquired a new position in Chefs' Warehouse during the 2nd quarter worth $42,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Chefs' Warehouse by 2,100.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,169 shares of the company's stock worth $32,000 after buying an additional 3,025 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Chefs' Warehouse by 46.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,826 shares of the company's stock worth $99,000 after buying an additional 3,104 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Chefs' Warehouse during the 4th quarter worth $417,000. 62.88% of the stock is currently owned by hedge funds and other institutional investors.

Chefs' Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

Read More: Compound Interest

To view ValuEngine's full report, visit ValuEngine's official website.

Analyst Recommendations for Chefs` Warehouse (NASDAQ:CHEF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Tech Stocks to Buy Now For a Post Coronavirus Economy

The Covid-19 pandemic has created a new “tech wreck”. But unlike the broad selloff at the end of 2018, this downturn has been more selective. Some stocks that looked like they were a little overbought have seen their share prices lowered.

In some cases, there was a legitimate reason for this. However, in other cases, it was likely a result of profit-taking disguised as something else. That’s the nature of a crisis. It gives investors the cover to do what they wanted to do anyway. But once investors start to sell, it can trigger a herd mentality.

And that’s when savvy investors start to look for opportunities. Because as Warren Buffett famously said, “Be greedy when others are fearful.” Tech stocks will lead the way back when the pandemic is over. Because if there’s one thing this moment in time is teaching us, it’s that we’re not going to be less dependent on technology. Businesses aren’t going to be doing less digital advertising. Consumers aren’t going to do less e-commerce.

But the fundamentals still matter. That’s why one of the common traits of many of these companies is that they have rock-solid balance sheets.

View the "7 Tech Stocks to Buy Now For a Post Coronavirus Economy".

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