Chefs' Warehouse (NASDAQ:CHEF) Stock Price Expected to Rise, Benchmark Analyst Says

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) had its price target lifted by equities research analysts at Benchmark from $55.00 to $68.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's target price would indicate a potential upside of 4.13% from the stock's current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. UBS Group lifted their target price on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday. Lake Street Capital boosted their price target 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, Jefferies Financial Group increased their price objective on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.60.

Chefs' Warehouse Stock Up 3.4 %

Shares of NASDAQ CHEF traded up $2.12 during midday trading on Thursday, reaching $65.30. The company's stock had a trading volume of 639,870 shares, compared to its average volume of 366,379. The stock has a 50 day simple moving average of $51.94 and a 200-day simple moving average of $44.85. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 57.28 and a beta of 2.29. Chefs' Warehouse has a fifty-two week low of $31.96 and a fifty-two week high of $65.43.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.28% and a return on equity of 12.67%. Equities research analysts predict that Chefs' Warehouse will post 1.43 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the general counsel now directly owns 114,342 shares of the company's stock, valued at $5,145,390. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James Leddy sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total transaction of $195,400.00. Following the sale, the chief financial officer now directly owns 145,589 shares of the company's stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chefs' Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in CHEF. ProShare Advisors LLC raised its stake in Chefs' Warehouse by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 10,537 shares of the company's stock worth $520,000 after buying an additional 3,242 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Chefs' Warehouse by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company's stock valued at $982,000 after purchasing an additional 755 shares during the period. Expect Equity LLC bought a new stake in Chefs' Warehouse during the 4th quarter valued at $1,431,000. Deutsche Bank AG raised its holdings in Chefs' Warehouse by 19.9% during the fourth quarter. Deutsche Bank AG now owns 58,422 shares of the company's stock worth $2,881,000 after buying an additional 9,691 shares during the last quarter. Finally, Cercano Management LLC bought a new position in shares of Chefs' Warehouse in the fourth quarter valued at $18,481,000. Institutional investors own 91.55% of the company's stock.

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.