Chefs’ Warehouse (NASDAQ:CHEF) Sets New 52-Week High – Should You Buy?

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.76 and last traded at $55.06, with a volume of 168525 shares. The stock had previously closed at $53.86.

Analysts Set New Price Targets

Several research analysts recently commented on CHEF shares. BMO Capital Markets lifted their price target on 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 lifted their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Lake Street Capital increased their price target on Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.80.

Chefs’ Warehouse Stock Performance

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 capitalization of $2.18 billion, a PE ratio of 48.35 and a beta of 2.29. The firm has a fifty day moving average price of $50.01 and a two-hundred day moving average price of $43.95.

Insider Transactions at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares of the company’s stock, 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 can be accessed through the SEC website. Also, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the general counsel now directly owns 114,342 shares in the company, valued at $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 12.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Chefs’ Warehouse in the third quarter valued at approximately $986,000. ORG Wealth Partners LLC purchased a new position in Chefs’ Warehouse in the 3rd quarter valued at about $130,000. International Assets Investment Management LLC acquired a new stake in Chefs’ Warehouse in the 3rd quarter worth about $5,290,000. New York State Teachers Retirement System increased its position in shares of Chefs’ Warehouse by 1.6% during the third quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock worth $1,754,000 after purchasing an additional 640 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Chefs’ Warehouse by 33.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock valued at $5,303,000 after purchasing an additional 31,968 shares during the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

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.