Jefferies Financial Group Boosts Chefs' Warehouse (NASDAQ:CHEF) Price Target to $60.00

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) had its price target raised by equities research analysts at Jefferies Financial Group from $58.00 to $60.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 14.09% from the stock's current price.

A number of other equities analysts have also recently commented on CHEF. Lake Street Capital boosted their price target on shares of Chefs' Warehouse from $48.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. BMO Capital Markets lifted their price objective on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Chefs' Warehouse presently has an average rating of "Moderate Buy" and an average price target of $53.80.

Chefs' Warehouse Price Performance

Chefs' Warehouse stock traded up $0.98 during midday trading on Wednesday, hitting $52.59. 492,762 shares of the company's stock were exchanged, compared to its average volume of 324,429. The stock has a 50-day moving average price of $46.69 and a two-hundred day moving average price of $42.59. Chefs' Warehouse has a 52-week low of $27.64 and a 52-week high of $53.31. The company has a market cap of $2.08 billion, a P/E ratio of 46.13 and a beta of 2.29. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85.

Insiders Place Their Bets

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the general counsel now directly owns 114,342 shares in the company, valued at $5,145,390. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Leddy sold 4,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CHEF. GAMMA Investing LLC raised its holdings in Chefs' Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after buying an additional 237 shares during the last quarter. Quarry LP bought a new position in shares of Chefs' Warehouse during the second quarter valued at about $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Chefs' Warehouse during the second quarter worth about $55,000. ORG Wealth Partners LLC purchased a new stake in shares of Chefs' Warehouse during the third quarter worth about $130,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Chefs' Warehouse in the second quarter worth about $160,000. 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.