The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives Consensus Rating of “Buy” from Brokerages

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given a consensus recommendation of “Buy” by the five research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $53.40.

CHEF has been the subject of several analyst reports. Lake Street Capital upped their price objective on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Jefferies Financial Group upped their price target on Chefs’ Warehouse from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, BMO Capital Markets raised their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Insider Activity at Chefs’ Warehouse

In other news, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the sale, the chief financial officer now directly owns 145,589 shares in the company, valued at $7,112,022.65. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Institutional Trading of Chefs’ Warehouse

A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in shares of Chefs’ Warehouse by 1.3% in the third quarter. Principal Financial Group Inc. now owns 178,080 shares of the company’s stock worth $7,481,000 after buying an additional 2,218 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Chefs’ Warehouse during the third quarter worth $225,000. Wellington Management Group LLP boosted its stake in shares of Chefs’ Warehouse by 3.1% during the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company’s stock valued at $35,053,000 after purchasing an additional 24,987 shares during the period. Repertoire Partners LP bought a new position in shares of Chefs’ Warehouse in the third quarter worth about $1,461,000. Finally, Verition Fund Management LLC increased its stake in Chefs’ Warehouse by 20.3% in the 3rd quarter. Verition Fund Management LLC now owns 6,772 shares of the company’s stock worth $284,000 after buying an additional 1,144 shares during the period. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Stock Down 0.2 %

Shares of CHEF stock opened at $48.34 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. Chefs’ Warehouse has a 12 month low of $27.64 and a 12 month high of $49.78. The stock has a market cap of $1.91 billion, a P/E ratio of 42.40 and a beta of 2.33. The company has a 50 day simple moving average of $43.42 and a two-hundred day simple moving average of $41.21.

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.