The Chefs’ Warehouse Inc (NASDAQ: CHEF) has reported E.P.S. of $0.05 for its first fiscal quarter (ending March 31) versus $0.04 for the same period a year ago — an increase of 25%. Relative to the consensus estimate of $0.20, this was a shortfall of $-0.16. For the latest four quarters through March 31, E.P.S. were $0.92 compared to $0.75 a year ago — an increase of 23%.
Recent Price Action
On 5/1/24, The Chefs’ Warehouse Inc (NASDAQ: CHEF) stock enjoyed a very large increase of 5.6%, closing at $34.92. Moreover, this advance was accompanied by exceptionally high trading volume at 276% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CHEF is expected to continue to be a Value Builder.
Chefs Warehouse has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Chefs Warehouse has a slightly negative Appreciation Score of 39 but a very high Power Rating of 89, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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