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The Chefs' Warehouse, Inc. (NASDAQ: CHEF)
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) is a distributor of specialty food products in the United States, the Middle East and Canada.
Recommendation Rationale – Sell at USD 41.75
CHEF’s Daily Price Chart
CHEF Daily Technical Chart, Data Source: REFINITIV
Fundamental Valuation
CHEF is exposed to the risks related to higher inflation, slowdown in the industry, global economic downturn, etc. Therefore, CHEF is expected to trade at slight discount considering the risks associated. For conducting the valuation, the following peers have been considered: US Foods Holding Corp, United Natural Foods Inc, etc.
Given its current trading levels, and risks associated, it is prudent to book profit at the current levels.
Hence, a ‘Sell’ rating has been provided on the stock at the current price of USD 41.75 per share as on 18 October 2024.
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) is part of Kalkine’s Global Agriculture Report.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 18 October 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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