Barclays Sticks to Its Hold Rating for The Chefs’ Warehouse (CHEF)


Barclays analyst Karen Short maintained a Hold rating on The Chefs’ Warehouse (NASDAQ: CHEF) yesterday and set a price target of $25. The company’s shares closed yesterday at $29.05, close to its 52-week high of $31.90.

According to TipRanks.com, Short is a 4-star analyst with an average return of 5.7% and a 56.9% success rate. Short covers the Services sector, focusing on stocks such as GNC Holdings Inc, Sprouts Farmers, and Kroger Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Chefs’ Warehouse with a $30.80 average price target.

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The Chefs’ Warehouse’s market cap is currently $833.9M and has a P/E ratio of 39.79. The company has a Price to Book ratio of 3.35.

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The Chefs’ Warehouse, Inc. engages in the distribution of specialty food products. It focuses on serving the specific needs of chefs who own and operate some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. Its product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate and pastry products. It also offer a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as broad line food products, such as cooking oils, butter, eggs, milk and flour. The company was founded by Christopher Pappas, John Pappas, and Dean Facatselis in 1985 and is headquartered in Ridgefield, CT.

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