Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $68.00 at Lake Street Capital

Chefs’ Warehouse (NASDAQ:CHEF) had its price target upped by Lake Street Capital from $60.00 to $68.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price objective indicates a potential upside of 7.63% from the company’s previous close.

Several other analysts have also weighed in on CHEF. Benchmark lifted their target price on shares of Chefs’ Warehouse from $55.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group upped their price objective on Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group raised their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Chefs’ Warehouse Stock Performance

Chefs’ Warehouse stock traded up $3.57 during trading hours on Thursday, hitting $63.18. The stock had a trading volume of 970,181 shares, compared to its average volume of 455,492. Chefs’ Warehouse has a fifty-two week low of $31.96 and a fifty-two week high of $63.78. The company has a market cap of $2.50 billion, a PE ratio of 55.42 and a beta of 2.29. The company has a 50-day moving average of $51.28 and a two-hundred day moving average of $44.50. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.67% and a net margin of 1.28%. On average, equities research analysts anticipate that Chefs’ Warehouse will post 1.43 EPS for the current fiscal year.

Insider Transactions at Chefs’ Warehouse

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in Chefs’ Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock valued at $29,000 after buying an additional 446 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Chefs’ Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after acquiring an additional 237 shares during the last quarter. KBC Group NV lifted its stake in shares of Chefs’ Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after acquiring an additional 843 shares during the period. Envestnet Asset Management Inc. bought a new position in Chefs’ Warehouse in the fourth quarter valued at about $224,000. Finally, iSAM Funds UK Ltd bought a new position in Chefs’ Warehouse in the third quarter valued at about $225,000. Institutional investors own 91.55% of the company’s stock.

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.