Chefs' Warehouse's (CHEF) Buy Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of Chefs' Warehouse (NASDAQ:CHEF - Free Report) in a research note released on Monday morning,Benzinga reports. They currently have a $68.00 target price on the stock.

CHEF has been the topic of a number of other research reports. Lake Street Capital boosted their price objective on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. UBS Group boosted their price target on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group lifted their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets increased their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $67.60.

Chefs' Warehouse Stock Up 0.8 %

Shares of CHEF stock traded up $0.43 during trading hours on Monday, hitting $52.52. 743,844 shares of the company were exchanged, compared to its average volume of 362,282. Chefs' Warehouse has a 52 week low of $31.96 and a 52 week high of $66.51. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average of $56.74 and a two-hundred day moving average of $48.11. The company has a market capitalization of $2.11 billion, a PE ratio of 40.09 and a beta of 2.28.

Remove Ads

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. Analysts anticipate that Chefs' Warehouse will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHEF. Wellington Management Group LLP boosted its position in Chefs' Warehouse by 193.1% during the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock worth $120,618,000 after purchasing an additional 1,611,240 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Chefs' Warehouse during the 4th quarter worth about $20,374,000. TimesSquare Capital Management LLC bought a new stake in shares of Chefs' Warehouse during the 4th quarter worth about $19,493,000. Cercano Management LLC acquired a new position in Chefs' Warehouse in the 4th quarter valued at about $18,481,000. Finally, Bank of New York Mellon Corp raised its holdings in Chefs' Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock valued at $25,293,000 after acquiring an additional 278,295 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.

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.