The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $69.67 Consensus PT from Analysts

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given an average rating of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $69.6667.

Several equities analysts recently commented on the company. Benchmark increased their target price on Chefs’ Warehouse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, July 31st. BTIG Research reissued a “buy” rating on shares of Chefs’ Warehouse in a report on Friday, May 23rd. Piper Sandler began coverage on Chefs’ Warehouse in a report on Wednesday, August 27th. They issued a “neutral” rating and a $66.00 target price on the stock. Wall Street Zen lowered Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Saturday, August 23rd. Finally, Zacks Research raised Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th.

Insider Activity

In other Chefs’ Warehouse news, CAO Tim Mccauley sold 17,500 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the transaction, the chief accounting officer owned 52,050 shares of the company’s stock, valued at approximately $3,386,893.50. This trade represents a 25.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CHEF. Envestnet Asset Management Inc. purchased a new position in shares of Chefs’ Warehouse in the 4th quarter valued at approximately $224,000. Hsbc Holdings PLC purchased a new position in shares of Chefs’ Warehouse in the 4th quarter valued at approximately $201,000. Price T Rowe Associates Inc. MD grew its stake in shares of Chefs’ Warehouse by 7.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,271 shares of the company’s stock valued at $1,740,000 after purchasing an additional 2,313 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Chefs’ Warehouse by 68.6% in the 4th quarter. Voya Investment Management LLC now owns 19,186 shares of the company’s stock valued at $946,000 after purchasing an additional 7,809 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Chefs’ Warehouse by 17.9% in the 4th quarter. Northern Trust Corp now owns 414,444 shares of the company’s stock valued at $20,440,000 after purchasing an additional 62,776 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF opened at $63.97 on Wednesday. The firm has a market capitalization of $2.61 billion, a PE ratio of 39.98 and a beta of 1.76. The business’s fifty day moving average price is $63.92 and its 200 day moving average price is $60.36. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.01 and a quick ratio of 1.17. Chefs’ Warehouse has a 12 month low of $37.72 and a 12 month high of $68.94.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, July 30th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. Chefs’ Warehouse had a return on equity of 13.60% and a net margin of 1.76%.Chefs’ Warehouse’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Chefs’ Warehouse has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Chefs’ Warehouse will post 1.73 earnings per share for the current fiscal year.

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.