Today Canaccord Genuity Reaffirms a Buy Rating on The Chefs’ Warehouse (NASDAQ:CHEF) and a $22.0 Target Price

February 15, 2018 - By Kurt Siggers

 Today Canaccord Genuity Reaffirms a Buy Rating on The Chefs' Warehouse (NASDAQ:CHEF) and a $22.0 Target Price

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.55, from 1.58 in 2017Q2. It dropped, as 11 investors sold The Chefs' Warehouse, Inc. shares while 29 reduced holdings. 21 funds opened positions while 20 raised stakes. 18.74 million shares or 1.20% less from 18.97 million shares in 2017Q2 were reported.

Renaissance Technologies Ltd Liability Corp holds 17,600 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,337 shares for 0% of their portfolio. Ig Management stated it has 31,272 shares. Fincl Bank Of Montreal Can accumulated 10,024 shares. New York-based Tower Rech Capital (Trc) has invested 0% in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Envestnet Asset Mgmt Incorporated stated it has 0% of its portfolio in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Schwab Charles Invest Management owns 73,405 shares. Morgan Stanley invested in 0% or 107,070 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management holds 0% in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) or 12,600 shares. Paradigm Asset Mngmt Ltd Liability Corp stated it has 0.01% of its portfolio in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Nationwide Fund Advsrs holds 0% of its portfolio in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) for 15,118 shares. Boston Prtn, a Massachusetts-based fund reported 367,580 shares. Deutsche National Bank & Trust Ag holds 71,861 shares. Pennsylvania-based Vanguard Gp has invested 0% in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Voya Inv Mgmt Ltd reported 10,145 shares.

The Chefs’ Warehouse (NASDAQ:CHEF) Rating Reaffirmed

In an analyst report shared with investors on 9 November, The Buy rating of The Chefs’ Warehouse (NASDAQ:CHEF) shares was maintained by Analysts at Canaccord Genuity, who now has a $22.0 target price on the stock. Canaccord Genuity’s target price would indicate a possible upside of 11.11 % from the last stock close price of the company.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.55, from 1.58 in 2017Q2. It dropped, as 11 investors sold The Chefs' Warehouse, Inc. shares while 29 reduced holdings. 21 funds opened positions while 20 raised stakes. 18.74 million shares or 1.20% less from 18.97 million shares in 2017Q2 were reported.

Renaissance Technologies Ltd Liability Corp holds 17,600 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,337 shares for 0% of their portfolio. Ig Management stated it has 31,272 shares. Fincl Bank Of Montreal Can accumulated 10,024 shares. New York-based Tower Rech Capital (Trc) has invested 0% in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Envestnet Asset Mgmt Incorporated stated it has 0% of its portfolio in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Schwab Charles Invest Management owns 73,405 shares. Morgan Stanley invested in 0% or 107,070 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management holds 0% in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) or 12,600 shares. Paradigm Asset Mngmt Ltd Liability Corp stated it has 0.01% of its portfolio in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Nationwide Fund Advsrs holds 0% of its portfolio in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) for 15,118 shares. Boston Prtn, a Massachusetts-based fund reported 367,580 shares. Deutsche National Bank & Trust Ag holds 71,861 shares. Pennsylvania-based Vanguard Gp has invested 0% in The Chefs' Warehouse, Inc. (NASDAQ:CHEF). Voya Inv Mgmt Ltd reported 10,145 shares.

The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Ratings Coverage

Among 7 analysts covering Chefs’ Warehouse (NASDAQ:CHEF), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Chefs’ Warehouse has $24.0 highest and $12 lowest target. $21.33’s average target is 7.73% above currents $19.8 stock price. Chefs’ Warehouse had 26 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has “Buy” rating given on Thursday, November 9 by Jefferies. The firm has “Buy” rating by Canaccord Genuity given on Thursday, October 5. BMO Capital Markets maintained The Chefs' Warehouse, Inc. (NASDAQ:CHEF) on Tuesday, January 23 with “Buy” rating. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 28. The stock has “Buy” rating by BB&T Capital on Wednesday, November 4. The company was maintained on Friday, January 5 by Canaccord Genuity. As per Monday, July 17, the company rating was maintained by Jefferies. The rating was upgraded by Canaccord Genuity to “Buy” on Friday, February 19. The firm earned “Hold” rating on Wednesday, November 8 by BMO Capital Markets. Barclays Capital initiated The Chefs' Warehouse, Inc. (NASDAQ:CHEF) on Friday, September 23 with “Equal-Weight” rating.

The stock increased 1.02% or $0.2 during the last trading session, reaching $19.8. About 61,925 shares traded. The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has declined 1.13% since February 15, 2017 and is downtrending. It has underperformed by 17.83% the S&P500.

Analysts await The Chefs' Warehouse, Inc. (NASDAQ:CHEF) to report earnings on February, 20. They expect $0.22 earnings per share, up 22.22 % or $0.04 from last year’s $0.18 per share. CHEF’s profit will be $6.26M for 22.50 P/E if the $0.22 EPS becomes a reality. After $0.11 actual earnings per share reported by The Chefs' Warehouse, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

The ChefsÂ’ Warehouse, Inc., together with its subsidiaries, distributes specialty food products in the United States and Canada. The company has market cap of $563.55 million. The Company’s product portfolio includes approximately 43,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. It has a 36.67 P/E ratio. The firm also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour.

More notable recent The Chefs' Warehouse, Inc. (NASDAQ:CHEF) news were published by: Streetinsider.com which released: “BMO Capital Upgrades The Chefs’ Warehouse, Inc (CHEF) to Outperform …” on November 13, 2017, also Globenewswire.com with their article: “The Chefs’ Warehouse to Announce Third Quarter 2017 Results on November 8, 2017” published on October 25, 2017, Seekingalpha.com published: “Chefs’ Warehouse’s (CHEF) CEO Chris Pappas on Q3 2017 Results – Earnings Call …” on November 09, 2017. More interesting news about The Chefs' Warehouse, Inc. (NASDAQ:CHEF) were released by: Globenewswire.com and their article: “The Chefs’ Warehouse to Announce Fourth Quarter and Fiscal Year 2017 Results …” published on February 06, 2018 as well as Globenewswire.com‘s news article titled: “The Chefs’ Warehouse, Inc. Announces Commencement of Public Offering of Common …” with publication date: November 22, 2017.

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