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Sunday, December 3, 2023

It’s Not Over Yet For Chefs’ Warehouse Inc (NASDAQ: CHEF)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Chefs’ Warehouse Inc (CHEF) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -0.68%, to $18.90. The Chefs’ Warehouse Inc has recorded 10,129 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that The Chefs’ Warehouse to Announce Third Quarter 2023 Results on November 1, 2023.

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Stocks Info

Chefs’ Warehouse Inc is listed on the NASDAQ as a member of the Consumer Defensive sector and is a part of the Food Distribution industry. At the end of the last regular session, the stock closed at $19.03 and fluctuated between $19.14 as its day high and $17.98 as its day low. The current market capitalization of Chefs’ Warehouse Inc is $754.92M. A total of 0.67 million shares were traded on the day, compared to an average of 421.89K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CHEF has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 1,855 and the disposition of 13,000 shares. Over the last 12 months, there were 18 BUYs and 33 SELLs from insiders. Insiders purchased 172,040 shares during that period but sold 97,823.

In the most recent transaction, McCauley Tim sold 6,000 shares of CHEF for 20.24 per share on Oct 03. After the transaction, the Chief Accounting Officer now owns 69,242 company shares. In a previous transaction on Aug 09, Cugine Joseph M. bought 1,000 shares at 29.58 per share. CHEF shares that Director owns now total 43,371.

Among the insiders who bought shares, OLIVER KATHERINE acquired of 855 shares on Aug 09 at a per-share price of $29.12. This resulted in the Director holding 36,582 shares of CHEF after the transaction. In another insider transaction, Cugine Joseph M. bought 1,000 shares at $30.40 per share on Mar 13. Company shares held by the Director now total 39,978.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CHEF in the last 3 months, the mean price target is $44.25 with high estimates of $50.00 and low estimates of $32.00. In terms of 52-week highs and lows, CHEF has a high of $39.54 and a low of $17.29.

As of this writing, CHEF has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.29. The company reported an EPS of $0.12 in the last quarter, which was 9.10% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CHEF’s latest balance sheet shows that the firm has $115.16M in Cash & Short Term Investments as of fiscal 2021. There were $542.48M in debt and $197.02M in liabilities at the time. Its Book Value Per Share was $10.66, while its Total Shareholder’s Equity was $350.21M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHEF is Buy with a score of 4.80.

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