Chefs' Warehouse (NASDAQ:CHEF) Price Target Raised to $68.00 at Lake Street Capital

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) had its price objective increased by equities research analysts at Lake Street Capital from $60.00 to $68.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Lake Street Capital's price objective would suggest a potential upside of 4.13% from the company's previous close.

Other analysts have also issued reports about the stock. Benchmark increased their price target on shares of Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group increased their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group increased their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets increased their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Chefs' Warehouse presently has an average rating of "Moderate Buy" and an average price target of $67.60.

Chefs' Warehouse Stock Up 3.4 %

Shares of NASDAQ CHEF traded up $2.12 during mid-day trading on Thursday, reaching $65.30. The company had a trading volume of 639,870 shares, compared to its average volume of 366,379. The stock has a fifty day moving average of $52.30 and a two-hundred day moving average of $45.02. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 57.28 and a beta of 2.29. Chefs' Warehouse has a 12-month low of $31.96 and a 12-month high of $65.43.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted 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 net margin of 1.28% and a return on equity of 12.67%. As a group, equities research analysts expect that Chefs' Warehouse will post 1.43 EPS for the current year.

Insider Buying and Selling

In other Chefs' Warehouse news, CFO James Leddy sold 4,000 shares of the 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 transaction, the chief financial officer now owns 145,589 shares in the company, valued at $7,112,022.65. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction that occurred 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 owns 114,342 shares in the company, valued at approximately $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 Investors Weigh In On Chefs' Warehouse

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in Chefs' Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after purchasing an additional 237 shares during the period. Smartleaf Asset Management LLC lifted its position in Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after purchasing an additional 446 shares during the period. Verdence Capital Advisors LLC lifted its position in Chefs' Warehouse by 7.6% in the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company's stock worth $284,000 after purchasing an additional 481 shares during the period. Swiss National Bank lifted its position in Chefs' Warehouse by 0.9% in the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock worth $3,477,000 after purchasing an additional 600 shares during the period. Finally, New York State Teachers Retirement System lifted its position 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 worth $1,754,000 after purchasing an additional 640 shares during the period. Institutional investors and hedge funds 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.