Chefs’ Warehouse (NASDAQ:CHEF) Reaches New 52-Week Low at $26.52

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) shares hit a new 52-week low on Tuesday . The stock traded as low as $26.52 and last traded at $26.67, with a volume of 121587 shares. The stock had previously closed at $27.85.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHEF shares. Benchmark decreased their price target on shares of Chefs’ Warehouse from $54.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday, September 12th. StockNews.com started coverage on shares of Chefs’ Warehouse in a research note on Thursday, August 17th. They issued a “sell” rating for the company.

Chefs’ Warehouse Stock Down 7.0 %

The company has a debt-to-equity ratio of 1.68, a current ratio of 2.14 and a quick ratio of 1.26. The firm’s 50 day moving average is $31.37 and its two-hundred day moving average is $32.62. The firm has a market capitalization of $1.03 billion, a P/E ratio of 49.83 and a beta of 1.89.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.15). Chefs’ Warehouse had a net margin of 0.68% and a return on equity of 13.40%. The business had revenue of $881.80 million for the quarter, compared to analyst estimates of $827.62 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 36.1% compared to the same quarter last year. Research analysts predict that The Chefs’ Warehouse, Inc. will post 1.36 EPS for the current year.

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, Director Joseph M. Cugine purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $29.58 per share, with a total value of $29,580.00. Following the acquisition, the director now directly owns 43,371 shares of the company’s stock, valued at approximately $1,282,914.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. acquired a new position in Chefs’ Warehouse in the first quarter valued at about $40,000. Coppell Advisory Solutions Corp. bought a new position in Chefs’ Warehouse in the fourth quarter valued at about $44,000. Point72 Middle East FZE bought a new position in Chefs’ Warehouse in the fourth quarter valued at about $63,000. Harbor Capital Advisors Inc. bought a new position in Chefs’ Warehouse in the second quarter valued at about $65,000. Finally, Captrust Financial Advisors grew its position in Chefs’ Warehouse by 49.7% in the first quarter. Captrust Financial Advisors now owns 2,252 shares of the company’s stock valued at $73,000 after acquiring an additional 748 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

About Chefs’ Warehouse

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