The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) shares saw a recent bid of $17.25 and 976.07TH shares have exchanged hands in the recent trading session, yielding a 16.55% gain over the past week.CHEF price increased 18.97% or $-2.75 versus $14.50 at the end of the prior session. This change led market cap to move at $461.09M, putting the price 0.58% below the 52-week high and 61.06% above the 52-week low. The company’s stock has a normal trading capacity of 174.86K shares while the relative volume is 5.58.
Is The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Worth Buying?
By historical standards, The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) remains a cheap stock. CHEF’s current price-earnings ratio amounts to 30.53 times earnings, below the average P/E ratio of 44.10 times earnings. For now, CHEF is the toast of Wall Street as its ABR stands at 2.20 with 3 out of 6 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 14.02% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price up 9.18% since January. Over the past 2 quarters, The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) is up 4.86%, compared with a gain of nearly 15.00% for 3 months and about 38.00% for the past 30 days.
The Chefs’ Warehouse, Inc. (CHEF) Has Mean Target Price of $17.00
To stay one step ahead we extended our research by comparing different price targets. The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) notched a 12-month high of $16.58 while $19.00 target is by far the most aggressive out of analysts who are currently evaluating CHEF, $2.42 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $14.00, which would be decrease of about -19% of its current value. The mean target of $17.00 should be compared with the price when the stock was languishing around $10.71 a share. And it remains to be seen which target price CHEF can achieve without sacrificing much as the company is holding a 48.07% gain for the past twelve months.
The Chefs’ Warehouse, Inc. Revenue Estimate is $1.28 Billion
Last time, the company shocked Wall Street by reporting EPS of $-0.05, smashing the consensus of $-0.05 per share. Revenue for the quarter also killed consensus, coming in at $331.66 Million, compared to the consensus of 325.45 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.10. The company is expected to report EPS as high as $0.11 and as low as $0.09 per share. Similarly, full-year EPS forecasts have ranged between $0.36 and $0.40. The mean EPS estimate is $0.38. On the other side, sales forecasts for the current quarter are $319.19 Million. The stock is expected to report revenue as high as $323 Million and as low as $317.3 Million per share. Similarly, full-year sales forecasts have ranged between $1.27 Billion and $1.29 Billion. The mean revenue estimate is $1.28 Billion.
Over the last 5 years, The Chefs’ Warehouse, Inc. has averaged a -22.90% YoY EPS growth rate and a 24.40% revenue growth rate. Analysts are expecting EPS growth rates to be at -81.00% this quarter and EPS estimate for next year reflect 40.26% growth rate.
What Guru’s think About Is The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)
Sell-side analysts also have something to say about this CHEF. Loop Capital analysts stated on 16/05/2017 that they launched coverage on this stock with Buy rating. Canaccord Genuity analysts stated on 07/04/2017 that they launched coverage on this stock with Buy rating. Barclays analysts stated on 22/02/2017 that they maintained their Equal Weight rating. Barclays analysts stated on 23/09/2016 that they launched coverage on this stock with Equal Weight rating.