Chefs’ Warehouse Inc (CHEF): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that The Chefs’ Warehouse Reports Fourth Quarter 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Food Distribution industry segment, falling under the Consumer Defensive sector. The current market capitalization of Chefs’ Warehouse Inc is $1.50B. A total of 0.61 million shares were traded on the day, compared to an average of 427.79K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CHEF has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 7 SELLs from insiders. Insiders purchased 173,745 shares during that period but sold 45,508.

In the most recent transaction, McCauley Tim sold 6,000 shares of CHEF for 30.04 per share on Dec 27. After the transaction, the Chief Accounting Officer now owns 57,242 company shares. In a previous transaction on Nov 14, McCauley Tim sold 6,000 shares at 25.23 per share. CHEF shares that Chief Accounting Officer owns now total 63,242.

Among the insiders who bought shares, OLIVER KATHERINE acquired of 855 shares on Nov 10 at a per-share price of $23.52. This resulted in the Director holding 37,437 shares of CHEF after the transaction. In another insider transaction, Cugine Joseph M. bought 850 shares at $23.29 per share on Nov 10. Company shares held by the Director now total 44,221.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $29.00. In terms of 52-week highs and lows, CHEF has a high of $38.57 and a low of $17.29.

As of this writing, CHEF has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.01. The company reported an EPS of $0.33 in the last quarter, which was -2.90% lower than expectations of $0.34.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $10.96, while its Total Shareholder’s Equity was $350.21M.

Analysts Opinion

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. 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 4.86.

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