The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Given Average Rating of “Buy” by Brokerages

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have been assigned an average recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $52.40.

Several research analysts recently weighed in on CHEF shares. BMO Capital Markets upped their price target on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Lake Street Capital upped their price target on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF traded up $0.74 during mid-day trading on Monday, hitting $49.49. The company’s stock had a trading volume of 70,952 shares, compared to its average volume of 342,081. Chefs’ Warehouse has a 1 year low of $27.64 and a 1 year high of $49.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 43.57 and a beta of 2.33. The business’s fifty day moving average is $42.68 and its two-hundred day moving average is $40.97.

Insider Transactions at Chefs’ Warehouse

In other news, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total transaction of $195,400.00. Following the sale, the chief financial officer now owns 145,589 shares in the company, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Alexandros Aldous sold 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the general counsel now directly owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Chefs’ Warehouse

Institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in Chefs’ Warehouse by 1,089.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 632 shares during the last quarter. Quarry LP acquired a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Chefs’ Warehouse in the second quarter valued at about $55,000. ORG Wealth Partners LLC acquired a new position in shares of Chefs’ Warehouse during the third quarter worth about $130,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Chefs’ Warehouse during the second quarter worth about $160,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

About Chefs’ Warehouse

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.