Shares of the company are trading at $20.30 marginally over $19.03, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $15.82. The 50 day moving average went up by +6.67% whereas the 200 day moving average was up $4.48 or +28.30%. The Chefs’ Warehouse, Inc. shares had a trading volume of 418K in the last trading session. Overall, volume was up 198.92% over the stocks normal daily volume.
Investors are feeling more bearish on the company recently as shown by the motion in short interest. The company experienced a rise in short interest of 1.46% as of the latest report on September 29, 2017. Short interest grew 42,096 over that period. The days to cover decreased to 18.0 and the percentage of shorted shares is 0.11% as of September 29.
These firms have modified their investment in CHEF. As of the end of the quarter Neuberger Berman Group LLC had bought 4,135 shares growing its stake by 5.4%. The value of the investment in The Chefs’ Warehouse, Inc. went from $1,059,000 to $1,044,000 a change of 1.4% since the last quarter. As of quarter end Ubs Group Ag had acquired a total of 35,058 shares growing its holdings by 7,773.4%. The value of the total investment in The Chefs’ Warehouse, Inc. increased from $6,000 to $462,000 increasing 7,600.0% for the reporting period.
As of quarter end Aristotle Capital Boston, LLC had bought 14,431 shares growing its position 4.8%. The value of the investment in CHEF went from $4,171,000 to $4,088,000 a change of $83,000 quarter over quarter. As of quarter end Advisors Capital Management, LLC had disposed of a total of 3,563 shares trimming its holdings by 1.9%. The value in dollars went from $2,452,000 to $3,571,000 a change of 45.6% quarter to quarter.
August 29 investment analysts at Canaccord Genuity kept the stock rating at “Buy” but raised the price target from $19.00 to $20.00.
The P/E ratio is 42.12 and the market value is 535.11M. As of the last earnings report the EPS was $0.48 and is estimated to be $0.41 for the current year with 26,360,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.21 with next year’s EPS anticipated to be $0.58.
The Chefs’ Warehouse, Inc., launched on June 17, 2005, is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company 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..