Jefferies Financial Group Increases Chefs’ Warehouse (NASDAQ:CHEF) Price Target to $53.00

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective lifted by investment analysts at Jefferies Financial Group from $51.00 to $53.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 30.16% from the company’s current price.

Chefs’ Warehouse Trading Up 1.5 %

CHEF stock traded up $0.60 on Wednesday, hitting $40.72. 35,957 shares of the company were exchanged, compared to its average volume of 335,906. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.08. Chefs’ Warehouse has a twelve month low of $17.29 and a twelve month high of $44.58. The business’s fifty day moving average is $40.18 and its two-hundred day moving average is $38.46. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 46.80 and a beta of 2.32.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $945.34 million. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. Chefs’ Warehouse’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, research analysts forecast that Chefs’ Warehouse will post 1.43 earnings per share for the current year.

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 10,000 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $42.50, for a total transaction of $425,000.00. Following the transaction, the general counsel now directly owns 119,342 shares in the company, valued at approximately $5,072,035. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Chefs’ Warehouse

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 632 shares during the period. GAMMA Investing LLC raised its holdings in shares of Chefs’ Warehouse by 39.6% during the second quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after purchasing an additional 258 shares during the period. Quarry LP acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth $55,000. Finally, ORG Partners LLC acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth $122,000. 91.55% of the stock is owned by institutional investors and hedge funds.

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.