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Jefferies Maintains a 'Buy' on The Chefs' Warehouse (CHEF); Hey Wait, Where's He Going?

August 31, 2012 7:48 AM EDT Send to a Friend
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Price: $20.59 -0.15%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 34 | Down: 12 | New: 36
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Jefferies maintains a 'Buy' on The Chefs' Warehouse, Inc (NASDAQ: CHEF) price target of $19.00.

Analyst, Scott A. Mushkin, said, "CHEF announced management changes, including the departure of COO James Wagner and the creation of regional management positions given its growing operating geographies and increasingly diverse product offering. In our opinion, while getting closer to the customer, one of the goals of the change, should have benefits over time, the loss of Mr. Wagner, who has been one of the architects of the company’s strategy, is not welcome news."

For an analyst ratings summary and ratings history on The Chefs' Warehouse, Inc click here. For more ratings news on The Chefs' Warehouse, Inc click here.

Shares of The Chefs' Warehouse, Inc closed at $15.77 yesterday.




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