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

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $67.60.

Several equities analysts recently weighed in on CHEF shares. BMO Capital Markets lifted 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. Jefferies Financial Group upped their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Lake Street Capital lifted their price target on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Benchmark boosted their price target on shares of Chefs’ Warehouse from $55.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, UBS Group increased their price objective on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 13th.

Insiders Place Their Bets

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 transaction of $195,400.00. Following the transaction, the chief financial officer now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of hedge funds have recently modified their holdings of CHEF. Greenhouse Funds LLLP lifted its position in Chefs’ Warehouse by 3.3% in the fourth quarter. Greenhouse Funds LLLP now owns 2,452,981 shares of the company’s stock valued at $120,981,000 after buying an additional 77,894 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Chefs’ Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company’s stock valued at $120,618,000 after acquiring an additional 1,611,240 shares during the period. Kennedy Capital Management LLC raised its stake in shares of Chefs’ Warehouse by 25.0% in the 4th quarter. Kennedy Capital Management LLC now owns 754,637 shares of the company’s stock valued at $37,219,000 after acquiring an additional 151,159 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Chefs’ Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after acquiring an additional 278,295 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Chefs’ Warehouse by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock worth $21,106,000 after purchasing an additional 6,070 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Chefs’ Warehouse Stock Down 0.8 %

Shares of CHEF opened at $62.05 on Friday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 47.37 and a beta of 2.29. Chefs’ Warehouse has a 52 week low of $31.96 and a 52 week high of $66.51. The stock’s 50-day moving average price is $55.36 and its 200-day moving average price is $46.90. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

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

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.