Jefferies Raises Price Target on The Chefs' Warehouse (CHEF) to $25
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Price: $94.39 +0.22%
Rating Summary:
12 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 32
Rating Summary:
12 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 32
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Jefferies boosted its price target on Buy-rated The Chefs' Warehouse, Inc (NASDAQ: CHEF) from $17.50 to $25.
The firm comments, "Chefs’ Warehouse continues to post very strong sales, ending fiscal 2011 on a high note as the company’s efforts to invest in its business and focus on driving placements/customer and new customers are clearly paying off. Indeed, we expect that continued leverage of technology should help drive strong sales and reduce costs, both in FY12 and over the next few years as CHEF looks to consolidate a fragmented industry."
FY12 EPS was trimmed from $0.98 to $0.65.
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 $21.05 yesterday.
The firm comments, "Chefs’ Warehouse continues to post very strong sales, ending fiscal 2011 on a high note as the company’s efforts to invest in its business and focus on driving placements/customer and new customers are clearly paying off. Indeed, we expect that continued leverage of technology should help drive strong sales and reduce costs, both in FY12 and over the next few years as CHEF looks to consolidate a fragmented industry."
FY12 EPS was trimmed from $0.98 to $0.65.
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 $21.05 yesterday.
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