The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $53.40 Average PT from Brokerages

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have been assigned a consensus rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $53.40.

A number of equities research analysts have weighed in on CHEF shares. Jefferies Financial Group raised their target price on Chefs’ Warehouse from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 16th. Lake Street Capital raised their price objective on Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, BMO Capital Markets boosted their target price on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the company’s stock in a transaction that occurred 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Leddy sold 4,000 shares of the firm’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 transaction, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at $7,112,022.65. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Chefs’ Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after acquiring an additional 237 shares during the period. Verdence Capital Advisors LLC raised its holdings in Chefs’ Warehouse by 7.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock worth $284,000 after purchasing an additional 481 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Chefs’ Warehouse by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock worth $1,754,000 after purchasing an additional 640 shares during the period. Verition Fund Management LLC boosted its stake in shares of Chefs’ Warehouse by 20.3% in the 3rd quarter. Verition Fund Management LLC now owns 6,772 shares of the company’s stock valued at $284,000 after purchasing an additional 1,144 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth $54,000. Institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

CHEF opened at $48.93 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. Chefs’ Warehouse has a 52-week low of $27.64 and a 52-week high of $50.96. The firm has a market cap of $1.94 billion, a P/E ratio of 42.92 and a beta of 2.29. The business’s fifty day moving average is $46.27 and its 200-day moving average is $42.42.

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.