Chefs' Warehouse (NASDAQ:CHEF) Reaches New 1-Year High - Here's What Happened

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $66.00 and last traded at $65.10, with a volume of 530 shares changing hands. The stock had previously closed at $65.30.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHEF. Benchmark lifted their target price on Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group lifted their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Lake Street Capital upped their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Jefferies Financial Group raised their target price on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets upped their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $67.60.

Chefs' Warehouse Trading Down 2.4 %

The stock has a market cap of $2.51 billion, a PE ratio of 48.37 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 fifty day moving average price of $53.61 and a 200 day moving average price of $45.68.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly 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%. Equities analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Insider Buying and Selling

In related news, 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chefs' Warehouse

Hedge funds have recently bought and sold shares of the business. Repertoire Partners LP purchased a new stake in shares of Chefs' Warehouse during the third quarter valued at $1,461,000. WCM Investment Management LLC bought a new stake in Chefs' Warehouse during the 3rd quarter valued at about $7,680,000. Dynamic Technology Lab Private Ltd purchased a new stake in Chefs' Warehouse in the 3rd quarter valued at about $571,000. FMR LLC grew its stake in Chefs' Warehouse by 95.0% in the 3rd quarter. FMR LLC now owns 5,890 shares of the company's stock worth $247,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Chefs' Warehouse by 33.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company's stock worth $5,303,000 after acquiring an additional 31,968 shares in the last quarter. 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.