Chefs’ Warehouse Inc (NASDAQ:CHEF) saw an upside of 1.17% to close Friday at $23.26 after adding $0.27 on the day. The 5-day average trading volume is 527,460 shares of the company’s common stock. It has gained $28.61 in the past week and touched a new high 1 time within the past 5 days. An average of 345,470 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 338,342.
CHEF’s 1-month performance is -18.59% or -$5.35 on its low of $22.30 reached on 09/22/23. The company’s shares have touched a 52-week low of $22.95 and high of $39.54, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, CHEF has lost -30.11% or -$10.02 and has reached a new high 7 times. However, the current price is down -41.18% from the 52-week high price.
Valuation Metrics
CHEF stock has a beta of 1.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.30 while the price-to-book (PB) in the most recent quarter is 2.18.
Chefs’ Warehouse Inc’s quick ratio for the period ended June 29 was 1.26, with the current ratio over the same period at 2.14. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.09, while the total debt to equity was 2.17. In terms of profitability, the gross margin trailing 12 months is 23.68%. The trailing 12-month EBITDA margin is 5.30% while for the period ending June 29, Chefs’ Warehouse Inc’s operating margin was 3.28%. The firm’s gross profit as reported stood at $618.64 million against revenue of $2.61 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -71.43% to $9.87 million, while revenue of $1.4 million was 85.82% off the previous quarter. Analysts expected CHEF to announce $0.47 per share in earnings in its latest quarter, but it posted $0.35, representing a -25.50% surprise. EBITDA for the quarter stood at more than $40.62 million. CHEF stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.23 billion, with total debt at $919.34 million. Shareholders hold equity totaling $39.67 million.
Let’s look briefly at Chefs’ Warehouse Inc (CHEF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 16.48% to suggest the stock is trending oversold, with historical volatility in this time period at 52.45%.
The stock’s 5-day moving average is $24.69, reflecting a -18.81% or -$5.39 change from its current price. CHEF is currently trading -16.54% above its 20-day SMA, -28.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -37.17% and SMA200 by-39.14%.
Stochastic %K and %D was 5.06% and 7.56% and the average true range (ATR) pointed at 1.03. The RSI (14) points at 20.25%, while the 14-day stochastic is at 14.33% with the period’s ATR at 0.98. The stock’s 9-day MACD Oscillator is pointing at -2.99 and -3.49 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Chefs’ Warehouse Inc (NASDAQ: CHEF), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for CHEF stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CHEF as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is CHEF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $32.00 and a high of $50.00, with their median price target at $48.00. Looking at these predictions, the average price target given by analysts is for Chefs’ Warehouse Inc (CHEF) stock is $45.29.
