), a distributor of specialty food products. It distributes over 55,000 products to more than 40,000 locations in the U.S. and Canada.
Chefs' Warehouse's fourth-quarter adjusted earnings per share surged nearly 85% year over year, driven by robust sales and improved margins. The company has been boosting its business through organic growth and key acquisitions. In the fourth quarter, the company acquired Chef Middle East, which helped it expand into new markets like United Arab Emirates, Qatar and Oman.reiterated a buy rating and "Top Pick" designation on CHEF, with a price target of $48.
Saleh noted that the company is "still undervalued given the consistent growth it is achieving." He also pointed out that investors misunderstood the recent convertible notes issuance, stating, "We believe investors missed the technical details in the filing that place the dilution overhang much higher than the stated conversion price. In our view, this could act as a tailwind for the shares in the near-term.
Saleh's ratings have been profitable 65% of the time and each rating has generated a 12.5% return, on average. (See
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: abc15 - 🏆 263. / 63 Lire la suite »
The stock market's euphoric rally has been a head fake: Wall StreetThe stock market's euphoric rally has been a head fake, Wall Street's top strategists warn The market is going to drop like a rock. The FED is printing money like crazy, and inflation is going up. The price of Bitcoin is indicative of this.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »