The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $53.00 to $58.00. Jefferies Financial Group currently has a buy rating on the stock. Chefs' Warehouse traded as high as $49.26 and last traded at $48.96, with a volume of 17925 shares. The stock had previously closed at $48.75.
Several other analysts also recently weighed in on the company. Lake Street Capital lifted their target price on Chefs' Warehouse from $48.00 to $60.00 and gave the company a "buy" rating in a research note on Monday. BMO Capital Markets lifted their price target on Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Chefs' Warehouse presently has an average rating of "Moderate Buy" and a consensus price target of $53.40.
Check Out Our Latest Stock Analysis on CHEF
Insider Buying and Selling
In related news, CFO James Leddy sold 4,000 shares of Chefs' Warehouse stock in a transaction on Thursday, December 12th. The stock was 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 in the company, 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. Also, General Counsel Alexandros Aldous sold 5,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. iSAM Funds UK Ltd acquired a new position in Chefs' Warehouse during the third quarter valued at $225,000. Wellington Management Group LLP raised its position in Chefs' Warehouse by 3.1% during the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company's stock valued at $35,053,000 after buying an additional 24,987 shares during the period. Repertoire Partners LP acquired a new position in Chefs' Warehouse during the third quarter valued at $1,461,000. Verition Fund Management LLC raised its position in Chefs' Warehouse by 20.3% during the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock valued at $284,000 after buying an additional 1,144 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Chefs' Warehouse by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,771 shares of the company's stock valued at $3,225,000 after purchasing an additional 2,204 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.
Chefs' Warehouse Stock Up 0.4 %
The business has a 50 day simple moving average of $42.88 and a 200 day simple moving average of $41.04. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The stock has a market cap of $1.94 billion, a PE ratio of 42.93 and a beta of 2.33.
Chefs' Warehouse Company Profile
(
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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.
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