The Chefs’ Warehouse Inc (NASDAQ: CHEF) has recently enjoyed extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, and its longer term price trend turned up.
The Chefs’ Warehouse Inc (NASDAQ: CHEF) has recently enjoyed important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CHEF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Chefs Warehouse has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Chefs Warehouse has a slightly negative Appreciation Score of 34 but a very high Power Rating of 95, resulting in the Positive Value Trend Rating.
Recent Price Action
The Chefs’ Warehouse Inc (NASDAQ: CHEF) stock closed at $38.73 on 5/7/24 after a large increase of 2.7%. Moreover, trading volume in this advance was above average at 123% of normal. The stock has risen 12.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
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