UPDATE: BMO Capital Markets Reiterates Outperform Rating, Raises PT on The Chefs' Warehouse on Solid Execution
In a report published Friday, BMO Capital Markets reiterated its Outperform rating on The Chefs' Warehouse (NASDAQ: CHEF), and raised its price target from $18.00 to $20.00.
BMO Capital Markets noted, “CHEF reported 4Q12 EPS of $0.17, or $0.24 when adjusting for several one-time items. Adjusted EPS was in line with our $0.24 estimate, but above consensus of $0.22. Revenues and opex (ex. D&A) as a percentage of sales were better than expected, but were offset by weaker gross margins – leading to in-line EPS vs. our estimate.”
The Chefs' Warehouse closed on Thursday at $16.72.
Latest Ratings for CHEF
|Jan 2015||Deutsche Bank||Maintains||Hold|
|Dec 2014||JP Morgan||Initiates Coverage on||Neutral|
|Nov 2014||Canaccord Genuity||Maintains||Hold|
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