Chefs’ Warehouse (NASDAQ:CHEF) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective lifted by equities researchers at Jefferies Financial Group from $53.00 to $58.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 18.56% from the stock’s previous close.

Other analysts have also issued reports about the company. BMO Capital Markets lifted their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Lake Street Capital lifted their price objective on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Chefs’ Warehouse presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.40.

Chefs’ Warehouse Stock Performance

Chefs’ Warehouse stock opened at $48.92 on Monday. The stock has a 50-day simple moving average of $43.07 and a 200 day simple moving average of $41.11. The company has a quick ratio of 1.06, a current ratio of 1.85 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 capitalization of $1.94 billion, a price-to-earnings ratio of 42.91 and a beta of 2.33.

Insider Transactions at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at $7,112,022.65. This represents a 2.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 value of $225,000.00. Following the completion of the transaction, the general counsel now directly owns 114,342 shares in the company, valued at approximately $5,145,390. This represents 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 Trading of Chefs’ Warehouse

Several institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in shares of Chefs’ Warehouse by 178.3% during the second quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company’s stock worth $1,274,000 after acquiring an additional 20,871 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Chefs’ Warehouse by 1,089.7% in the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 632 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Chefs’ Warehouse by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $696,000 after buying an additional 300 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Chefs’ Warehouse by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock valued at $10,568,000 after buying an additional 5,612 shares during the period. Finally, Natixis Advisors LLC purchased a new position in shares of Chefs’ Warehouse in the second quarter valued at $1,200,000. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Company Profile

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.