Chefs' Warehouse (NASDAQ:CHEF) Price Target Raised to $58.00

Chefs' Warehouse (NASDAQ:CHEF - Free Report) had its price objective boosted by Jefferies Financial Group from $53.00 to $58.00 in a research report report published on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on CHEF. Lake Street Capital lifted 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. BMO Capital Markets upped their target price on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.40.

Chefs' Warehouse Stock Performance

Shares of CHEF stock traded up $0.19 during mid-day trading on Monday, reaching $48.94. The stock had a trading volume of 429,370 shares, compared to its average volume of 343,618. Chefs' Warehouse has a one year low of $27.64 and a one year high of $49.78. The firm has a market cap of $1.94 billion, a PE ratio of 42.93 and a beta of 2.33. The firm's 50 day simple moving average is $42.88 and its 200 day simple moving average is $41.04. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Insider Activity at Chefs' Warehouse

In other Chefs' Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction 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 represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Leddy sold 4,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 145,589 shares of the company's stock, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chefs' Warehouse

Several hedge funds and other institutional investors have recently made changes to their positions in CHEF. Louisiana State Employees Retirement System increased its position in Chefs' Warehouse by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company's stock worth $696,000 after purchasing an additional 300 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Chefs' Warehouse by 7.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company's stock worth $284,000 after buying an additional 481 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Chefs' Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock worth $27,000 after buying an additional 632 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Chefs' Warehouse by 1.6% in the third quarter. New York State Teachers Retirement System now owns 41,742 shares of the company's stock valued at $1,754,000 after buying an additional 640 shares during the period. Finally, Verition Fund Management LLC boosted its stake in Chefs' Warehouse by 20.3% in the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock valued at $284,000 after acquiring an additional 1,144 shares during the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

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.