The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $67.60 Consensus Price Target from Analysts

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has earned a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $67.60.

A number of equities analysts recently commented on the stock. Lake Street Capital boosted their target price on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets upped their price objective on Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Benchmark raised their target price on Chefs’ Warehouse from $55.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group boosted their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, UBS Group increased their price target on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

Insider Activity at Chefs’ Warehouse

In other news, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction on Thursday, December 12th. The shares were 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. The trade was a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Chefs’ Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock worth $29,000 after buying an additional 446 shares during the period. GAMMA Investing LLC raised its stake in shares of Chefs’ Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares during the last quarter. KBC Group NV grew its position in Chefs’ Warehouse by 67.1% in the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after buying an additional 843 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Chefs’ Warehouse in the 4th quarter valued at $201,000. Finally, Envestnet Asset Management Inc. purchased a new position in Chefs’ Warehouse during the 4th quarter worth $224,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs’ Warehouse Stock Performance

Shares of CHEF opened at $62.05 on Friday. Chefs’ Warehouse has a 1 year low of $31.96 and a 1 year high of $66.51. The stock has a market capitalization of $2.50 billion, a PE ratio of 47.37 and a beta of 2.29. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The stock has a 50-day simple moving average of $55.36 and a 200-day simple moving average of $46.90.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a net margin of 1.46% and a return on equity of 12.90%. On average, analysts predict 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.