BMO Capital Markets Issues Positive Forecast for Chefs’ Warehouse (NASDAQ:CHEF) Stock Price

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective hoisted by BMO Capital Markets from $50.00 to $55.00 in a report issued on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Jefferies Financial Group lifted their target price on Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.50.

Chefs’ Warehouse Trading Up 0.1 %

Shares of CHEF opened at $39.94 on Thursday. Chefs’ Warehouse has a 12-month low of $21.87 and a 12-month high of $44.58. The firm has a market capitalization of $1.59 billion, a P/E ratio of 35.04 and a beta of 2.32. The firm has a 50-day moving average price of $40.70 and a 200 day moving average price of $39.27. The company has a current ratio of 1.85, a quick ratio of 1.08 and a debt-to-equity ratio of 1.39.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $931.45 million during the quarter, compared to analysts’ expectations of $934.29 million. Chefs’ Warehouse had a net margin of 1.28% and a return on equity of 12.67%. Sell-side analysts forecast that Chefs’ Warehouse will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of hedge funds have recently made changes to their positions in the stock. Advisors Preferred LLC purchased a new stake in Chefs’ Warehouse in the first quarter valued at approximately $4,071,000. Lazard Asset Management LLC lifted its stake in Chefs’ Warehouse by 86.9% during the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock worth $5,990,000 after acquiring an additional 73,964 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Chefs’ Warehouse by 333.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,264 shares of the company’s stock valued at $3,687,000 after acquiring an additional 72,540 shares during the period. Cubist Systematic Strategies LLC grew its position in Chefs’ Warehouse by 584.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company’s stock valued at $1,933,000 after acquiring an additional 59,637 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Chefs’ Warehouse by 11.8% during the second quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock worth $19,412,000 after purchasing an additional 52,246 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Company Profile

The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.