The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $67.60 Average Target Price from Analysts

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have earned a consensus recommendation of “Buy” from the five research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $67.60.

A number of brokerages have recently commented on CHEF. Jefferies Financial Group increased their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Lake Street Capital increased their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. UBS Group increased their price target on Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Benchmark increased their price target on Chefs’ Warehouse from $55.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets increased their price target on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th.

Chefs’ Warehouse Trading Up 0.5 %

Shares of CHEF stock opened at $62.35 on Friday. The stock’s fifty day moving average price is $55.63 and its two-hundred day moving average price is $47.07. The company has a market cap of $2.51 billion, a PE ratio of 47.60 and a beta of 2.29. Chefs’ Warehouse has a fifty-two week low of $31.96 and a fifty-two week high of $66.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. Equities analysts predict that Chefs’ Warehouse will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 145,589 shares in the company, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 11.90% of the stock is owned by corporate insiders.

Institutional Trading of Chefs’ Warehouse

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in Chefs’ Warehouse by 303.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock worth $29,000 after acquiring an additional 446 shares during the period. GAMMA Investing LLC grew its holdings in Chefs’ Warehouse by 24.6% during the 4th 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 period. KBC Group NV grew its holdings in Chefs’ Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock worth $104,000 after acquiring an additional 843 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Chefs’ Warehouse in the 4th quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Chefs’ Warehouse in the 4th quarter valued at about $224,000. 91.55% of the stock is currently 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.