Jefferies Cuts Estimates on The Chefs' Warehouse (CHEF); Double D = Dairy Deflation
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Price: $109.08 -2.65%
Rating Summary:
12 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies maintains a 'Buy' on The Chefs' Warehouse, Inc (NASDAQ: CHEF) price target of $19.00 (from $25.00).
Analyst, Scott A. Mushkin, said, "While Chefs’ outlook remains bright as the company consolidates its fragmented market, near-term economic headwinds, most notably dairy deflation, and some investment spending are pressuring near-term results. Nevertheless, we now view guidance set by the company’s new CFO as quite attainable, suggesting more limited downside, while at the same time the future prospects of strong revenue and earnings growth remain intact."
FY12 EPS estimate lowered from $0.91 to $0.83 and FY13 cut from $1.07 to $0.96.
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 $16.15 yesterday.
Analyst, Scott A. Mushkin, said, "While Chefs’ outlook remains bright as the company consolidates its fragmented market, near-term economic headwinds, most notably dairy deflation, and some investment spending are pressuring near-term results. Nevertheless, we now view guidance set by the company’s new CFO as quite attainable, suggesting more limited downside, while at the same time the future prospects of strong revenue and earnings growth remain intact."
FY12 EPS estimate lowered from $0.91 to $0.83 and FY13 cut from $1.07 to $0.96.
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 $16.15 yesterday.
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