Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) had its price target hoisted by equities researchers at BMO Capital Markets from $60.00 to $73.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price suggests a potential upside of 11.79% from the stock's previous close.
CHEF has been the subject of several other reports. Benchmark upped their target price on Chefs' Warehouse from $55.00 to $68.00 and gave the company a "buy" rating in a report on Thursday. UBS Group upped their target price on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday. Jefferies Financial Group upped their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Lake Street Capital upped their target price on Chefs' Warehouse from $48.00 to $60.00 and gave the company a "buy" rating in a report on Monday, December 16th. One 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.com, Chefs' Warehouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.
Check Out Our Latest Report on Chefs' Warehouse
Chefs' Warehouse Stock Up 3.4 %
Shares of NASDAQ:CHEF traded up $2.12 during trading on Thursday, hitting $65.30. The company's stock had a trading volume of 639,870 shares, compared to its average volume of 366,379. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. Chefs' Warehouse has a fifty-two week low of $31.96 and a fifty-two week high of $65.43. The stock's 50-day moving average price is $51.94 and its two-hundred day moving average price is $44.85. The company has a market capitalization of $2.58 billion, a PE ratio of 57.28 and a beta of 2.29.
Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.67% and a net margin of 1.28%. As a group, sell-side analysts expect that Chefs' Warehouse will post 1.43 EPS for the current year.
Insider Buying and Selling at Chefs' Warehouse
In other news, CFO James Leddy sold 4,000 shares of the stock in a transaction 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 owns 145,589 shares in the company, valued at approximately $7,112,022.65. This 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 this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of the 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 sale, the general counsel now owns 114,342 shares of the company's stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Chefs' Warehouse
Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in shares of Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after purchasing an additional 446 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Chefs' Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after purchasing an additional 237 shares in the last quarter. KBC Group NV lifted its holdings in shares of Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after purchasing an additional 843 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Chefs' Warehouse in the fourth quarter valued at $201,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Chefs' Warehouse in the fourth quarter valued at $224,000. Hedge funds and other institutional investors own 91.55% of the company's stock.
About Chefs' Warehouse
(
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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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