Wells Fargo Starts The Chefs' Warehouse, Inc (CHEF) at Outperform; Leading Specialty Foodservice Distributor in Key Culinary Markets

Wells Fargo initiates coverage on The Chefs' Warehouse, Inc (NASDAQ: CHEF) with an Outperform. PT range is $19-$20.

Wells analyst says, "In our view The Chefs' Warehouse is well-positioned for growth given their presence in key culinary markets, chef-driven customer focus, and specialty food sourcing capabilities. We also think the company's growth potential could be further enhanced through selective acquisition opportunities...We are initiating a 2011 pro forma EPS estimate of $0.76 and a 2012 EPS estimate of $0.97."

For more ratings news on The Chefs' Warehouse, Inc click here and for the rating history of The Chefs' Warehouse, Inc click here.

Shares of The Chefs' Warehouse, Inc closed at $13.56 yesterday.

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