Brokerages Set The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Price Target at $67.60

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given an average rating of “Buy” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $67.60.

Several research analysts recently commented on CHEF shares. UBS Group lifted their target price on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Lake Street Capital raised their target price on Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark restated a “buy” rating and issued a $68.00 target price on shares of Chefs’ Warehouse in a research note on Monday, March 17th. Finally, BMO Capital Markets increased their price target on Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JT Stratford LLC bought a new stake in shares of Chefs’ Warehouse during the fourth quarter worth approximately $273,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Chefs’ Warehouse by 13.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,789 shares of the company’s stock worth $4,280,000 after acquiring an additional 10,018 shares during the period. Squarepoint Ops LLC acquired a new stake in Chefs’ Warehouse during the 4th quarter worth $252,000. Silvercrest Asset Management Group LLC raised its position in shares of Chefs’ Warehouse by 5.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 402,768 shares of the company’s stock valued at $19,865,000 after acquiring an additional 19,705 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Chefs’ Warehouse by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 10,537 shares of the company’s stock valued at $520,000 after purchasing an additional 3,242 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs’ Warehouse Trading Down 0.4 %

Chefs’ Warehouse stock opened at $53.47 on Wednesday. Chefs’ Warehouse has a one year low of $31.96 and a one year high of $66.51. The company’s fifty day moving average price is $56.98 and its two-hundred day moving average price is $48.60. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 40.82 and a beta of 2.28. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data 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 12.90% and a net margin of 1.46%. On average, analysts forecast that Chefs’ Warehouse will post 1.73 earnings per share for the current fiscal 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.