The Chefs’ Warehouse Inc. [CHEF] Stock trading around $12.47 per share: What’s Next?

The Chefs’ Warehouse Inc. [NASDAQ: CHEF] traded at a high on 08/04/20, posting a 8.77 gain after which it closed the day’ session at $12.47. The company report on July 29, 2020 that The Chefs’ Warehouse Reports Second Quarter 2020 Financial Results.

Available liquidity of approximately $241.8 million.

The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States and Canada, today reported financial results for its second quarter ended June 26, 2020.

The results of the trading session contributed to over 1205049 shares changing hands. Over the past one week, the price volatility of The Chefs’ Warehouse Inc. stands at 10.52% while the volatility over the past one month is 7.35%.

The market cap for CHEF stock reached $512.27 million, with 35.76 million shares outstanding and 31.74 million shares in the current float. Compared to the average trading volume of 1.33M shares, CHEF reached a trading volume of 1205049 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Chefs’ Warehouse Inc. [CHEF]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHEF shares is $19.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHEF stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for The Chefs’ Warehouse Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 30, 2020. The new note on the price target was released on July 17, 2020, representing the official price target for The Chefs’ Warehouse Inc. stock. Previously, the target price had yet another drop from $44 to $14, while BMO Capital Markets kept a Market Perform rating on CHEF stock.

The Average True Range (ATR) for The Chefs’ Warehouse Inc. is set at 0.97, with the Price to Sales ratio for CHEF stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 4.91. Price to Free Cash Flow for CHEF in the course of the last twelve months was 8.71 with Quick ratio for the last quarter at 2.80.

How has CHEF stock performed recently?

The Chefs’ Warehouse Inc. [CHEF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.92. With this latest performance, CHEF shares dropped by -9.77% in over the last four-week period, additionally sinking by -67.49% over the last 6 months – not to mention a drop of -66.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHEF stock in for the last two-week period is set at 44.27, with the RSI for the last a single of trading hit 49.38, and the three-weeks RSI is set at 46.33 for The Chefs’ Warehouse Inc. [CHEF]. The present Moving Average for the last 50 days of trading for this stock 14.27, while it was recorded at 12.19 for the last single week of trading, and 24.28 for the last 200 days.

The Chefs’ Warehouse Inc. [CHEF]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Chefs’ Warehouse Inc. [CHEF] shares currently have an operating margin of +3.56 and a Gross Margin at +25.53. The Chefs’ Warehouse Inc.’s Net Margin is presently recorded at +1.52.

Return on Total Capital for CHEF is now 7.83, given the latest momentum, and Return on Invested Capital for the company is 3.38. Return on Equity for this stock inclined to 7.51, with Return on Assets sitting at 2.70. When it comes to the capital structure of this company, The Chefs’ Warehouse Inc. [CHEF] has a Total Debt to Total Equity ratio set at 156.24. Additionally, CHEF Total Debt to Total Capital is recorded at 60.97, with Total Debt to Total Assets ending up at 49.47. Long-Term Debt to Equity for the company is recorded at 150.83, with the Long-Term Debt to Total Capital now at 58.86.

Reflecting on the efficiency of the workforce at the company, The Chefs’ Warehouse Inc. [CHEF] managed to generate an average of $9,887 per employee. Receivables Turnover for the company is 9.45 with a Total Asset Turnover recorded at a value of 1.78.The Chefs’ Warehouse Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 3.50.

Earnings analysis for The Chefs’ Warehouse Inc. [CHEF]

With the latest financial reports released by the company, The Chefs’ Warehouse Inc. posted 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHEF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Chefs’ Warehouse Inc. go to 21.20%.

Insider trade positions for The Chefs’ Warehouse Inc. [CHEF]

There are presently around $289 million, or 63.10% of CHEF stock, in the hands of institutional investors. The top three institutional holders of CHEF stocks are: BLACKROCK INC. with ownership of 3,820,657, which is approximately -2.723% of the company’s market cap and around 14.00% of the total institutional ownership; KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, holding 3,769,549 shares of the stock with an approximate value of $47.01 million in CHEF stocks shares; and VANGUARD GROUP INC, currently with $22.76 million in CHEF stock with ownership of nearly 1.361% of the company’s market capitalization.

Positions in The Chefs’ Warehouse Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 79 institutional holders increased their position in The Chefs’ Warehouse Inc. [NASDAQ:CHEF] by around 4,633,394 shares. Additionally, 78 investors decreased positions by around 5,472,927 shares, while 13 investors held positions by with 13,105,959 shares. The mentioned changes placed institutional holdings at 23,212,280 shares, according to the latest SEC report filing. CHEF stock had 26 new institutional investments in for a total of 2,994,439 shares, while 38 institutional investors sold positions of 2,032,263 shares during the same period.

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