Is Buying Chefs’ Warehouse Inc (CHEF) Here a Winning Strategy?

September 17, 2017 - By Richard Conner

Investors sentiment increased to 1.67 in Q4 2016. 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.
Eagle Boston Management Inc owns 0.65% invested in Chefs’ Warehouse Inc (NASDAQ:CHEF) for 342,958 shares. Nationwide Fund Advsr holds 13,562 shares. Dimensional Fund Lp owns 709,592 shares. Morgan Stanley owns 56,313 shares or 0% of their US portfolio. Citigroup Incorporated reported 19,602 shares. Blackrock Inc reported 2,287 shares. State Common Retirement Fund invested in 0% or 19,300 shares. Jupiter Asset Mngmt Ltd has invested 0.21% in Chefs’ Warehouse Inc (NASDAQ:CHEF). Bancorporation Of Montreal Can owns 785 shares. Legal And General Gru Plc stated it has 6,369 shares. Tower Cap Ltd Limited Liability Company (Trc) holds 0% or 874 shares. 1,144 are owned by Royal Bancorporation Of Canada. Ack Asset Mngmt Lc invested in 1.32% or 285,000 shares. National Bank & Trust Of America De has 0% invested in Chefs’ Warehouse Inc (NASDAQ:CHEF). Keybank Association Oh invested in 10,784 shares or 0% of the stock.

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.

Investors wait Chefs’ Warehouse Inc (NASDAQ:CHEF) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.10 EPS, up $0.03 or 42.86 % from last year’s $0.07 same quarter earnings. This translates into $2.64M profit for CHEF giving the stock a 43.88 P/E. This is assuming the current $0.10 EPS is accurate. Chefs’ Warehouse Inc’s Wall Street analysts see -28.57 % negative EPS growth, taking into account the $0.14 EPS reproted in the previous quarter,

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 stock has “Buy” rating by Jefferies on Monday, July 17. The firm has “Buy” rating by Jefferies given on Thursday, June 1. BMO Capital Markets maintained the shares of CHEF in report on Wednesday, August 9 with “Hold” rating. Canaccord Genuity maintained the shares of CHEF in report on Thursday, August 10 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Friday, August 25. Barclays Capital maintained Chefs’ Warehouse Inc (NASDAQ:CHEF) rating on Wednesday, February 22. Barclays Capital has “Equal Weight” rating and $14 target. As per Monday, August 28, the company rating was maintained by Canaccord Genuity. As per Thursday, January 21, the company rating was maintained by Canaccord Genuity. On Wednesday, November 4 the stock rating was upgraded by BB&T Capital to “Buy”. The stock has “Hold” rating by Deutsche Bank on Friday, July 31.

More notable recent Chefs’ Warehouse Inc (NASDAQ:CHEF) news were published by: Fool.com which released: “Chefs’ Warehouse makes progress” on August 10, 2017, also Zacks.com with their article: “Is Chefs’ Warehouse an Incredible Momentum Stock? 3 Reasons Why CHEF Will Be …” published on September 05, 2017, Fool.com published: “What’s next for Chefs’ Warehouse?” on February 21, 2017. More interesting news about Chefs’ Warehouse Inc (NASDAQ:CHEF) were released by: Fool.com and their article: “Why Shares of The Chefs’ Warehouse, Inc. Jumped 19% Last Month” published on September 11, 2017 as well as Fool.com‘s news article titled: “Chefs’ Warehouse falls short on the bottom line” with publication date: November 03, 2016.

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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