The Chefs’ Warehouse Inc (NASDAQ: CHEF) has reported earnings for its second fiscal quarter (ending June 30) of $0.41 versus $0.26 for the same period a year ago. E.P.S. were $1.07 for the latest four quarters through June 30 versus $0.55 for the same period a year ago.
Recent Price Action
The Chefs’ Warehouse Inc (NASDAQ: CHEF) stock closed at $41.59 on 7/31/24 after a modest gain of 0.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 204% of normal. The stock has declined -2.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 32 but a very high Power Rating of 94, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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