The Chefs’ Warehouse Inc. [NASDAQ: CHEF] loss -8.62% on the last trading session, reaching $34.05 price per share at the time. The company report on December 7, 2022 that The Chefs’ Warehouse Announces Offering of $250 Million of Convertible Senior Notes Due 2028.
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The Company expects to use a portion of the net proceeds from the offering to pay the cash portion of the consideration in the concurrent exchange transactions described below. The Company intends to use the remainder of the net proceeds from the offering for general corporate purposes.
The Chefs’ Warehouse Inc. represents 37.12 million in outstanding shares, while the company has a total market value of $1.32 billion with the latest information. CHEF stock price has been found in the range of $32.10 to $35.15.
If compared to the average trading volume of 329.03K shares, CHEF reached a trading volume of 2708356 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $47.14 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 1.90. 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.
The Benchmark Company have made an estimate for The Chefs’ Warehouse Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on September 30, 2021, representing the official price target for The Chefs’ Warehouse Inc. stock. Previously, the target price had yet another raise to $38, while Lake Street analysts kept a Buy rating on CHEF stock. On November 10, 2020, analysts increased their price target for CHEF shares from 15 to 30.
The Average True Range (ATR) for The Chefs’ Warehouse Inc. is set at 1.36, with the Price to Sales ratio for CHEF stock in the period of the last 12 months amounting to 0.55. The Price to Book ratio for the last quarter was 3.28, with the Price to Cash per share for the same quarter was set at 3.76.
Trading performance analysis for CHEF stock
The Chefs’ Warehouse Inc. [CHEF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.00. With this latest performance, CHEF shares dropped by -9.15% in over the last four-week period, additionally sinking by -3.57% over the last 6 months – not to mention a rise of 2.44% 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 34.02, with the RSI for the last a single of trading hit 23.09, and the three-weeks RSI is set at 40.90 for The Chefs’ Warehouse Inc. [CHEF]. The present Moving Average for the last 50 days of trading for this stock 34.87, while it was recorded at 37.23 for the last single week of trading, and 34.51 for the last 200 days.
The Chefs’ Warehouse Inc. [CHEF]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and The Chefs’ Warehouse Inc. [CHEF] shares currently have an operating margin of +0.69 and a Gross Margin at +22.37. The Chefs’ Warehouse Inc.’s Net Margin is presently recorded at -0.28.
Return on Equity for this stock declined to -1.42, with Return on Assets sitting at -0.48.
The Chefs’ Warehouse Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.50.
The Chefs’ Warehouse Inc. [CHEF]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at The Chefs’ Warehouse Inc. [CHEF]
There are presently around $1,132 million, or 89.40% of CHEF stock, in the hands of institutional investors. The top three institutional holders of CHEF stocks are: BLACKROCK INC. with ownership of 5,330,990, which is approximately -1.445% of the company’s market cap and around 0.50% of the total institutional ownership; ALLIANCEBERNSTEIN L.P., holding 2,834,518 shares of the stock with an approximate value of $96.52 million in CHEF stocks shares; and VANGUARD GROUP INC, currently with $86.24 million in CHEF stock with ownership of nearly 1.943% of the company’s market capitalization.
Positions in The Chefs’ Warehouse Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 102 institutional holders increased their position in The Chefs’ Warehouse Inc. [NASDAQ:CHEF] by around 4,886,808 shares. Additionally, 91 investors decreased positions by around 5,196,299 shares, while 20 investors held positions by with 23,157,422 shares. The mentioned changes placed institutional holdings at 33,240,529 shares, according to the latest SEC report filing. CHEF stock had 26 new institutional investments in for a total of 418,529 shares, while 44 institutional investors sold positions of 3,282,198 shares during the same period.