The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $53.80 Consensus Price Target from Analysts

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given a consensus rating of “Buy” by the five brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $53.80.

Several research analysts recently weighed in on the company. Lake Street Capital boosted their target price on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets boosted their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upped their price objective on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th.

Chefs’ Warehouse Price Performance

NASDAQ CHEF opened at $55.94 on Tuesday. The firm’s fifty day simple moving average is $50.45 and its two-hundred day simple moving average is $44.12. The firm has a market capitalization of $2.21 billion, a P/E ratio of 49.07 and a beta of 2.29. 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 $31.96 and a 12-month high of $56.65.

Insider Buying and Selling at Chefs’ Warehouse

In related news, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of the company’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 completion of the sale, the general counsel now directly owns 114,342 shares in the company, valued at approximately $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. 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 grew its stake in shares of 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 purchasing an additional 446 shares during the period. GAMMA Investing LLC boosted its holdings in 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 buying an additional 237 shares in the last quarter. KBC Group NV grew its position in 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 buying an additional 843 shares during the period. ORG Wealth Partners LLC purchased a new position in Chefs’ Warehouse in the third quarter valued at $130,000. Finally, iSAM Funds UK Ltd purchased a new position in Chefs’ Warehouse in the third quarter valued at $225,000. 91.55% of the stock is currently 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.