Chefs' Warehouse (NASDAQ:CHEF) Price Target Raised to $55.00

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) had its target price lifted by investment analysts at BMO Capital Markets from $50.00 to $55.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price suggests a potential upside of 37.78% from the company's previous close.

Separately, Jefferies Financial Group increased their price target on shares of Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.

Chefs' Warehouse Stock Up 1.7 %

Shares of NASDAQ CHEF traded up $0.66 during trading on Thursday, hitting $39.92. The stock had a trading volume of 399,796 shares, compared to its average volume of 338,387. Chefs' Warehouse has a 12 month low of $17.98 and a 12 month high of $44.58. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.08. The company has a market capitalization of $1.59 billion, a PE ratio of 45.80 and a beta of 2.32. The firm has a fifty day moving average of $40.70 and a two-hundred day moving average of $39.22.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Chefs' Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The firm had revenue of $931.45 million during the quarter, compared to analyst estimates of $934.29 million. As a group, equities research analysts forecast that Chefs' Warehouse will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Chefs' Warehouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Chefs' Warehouse by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company's stock worth $50,440,000 after buying an additional 14,209 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Chefs' Warehouse by 2.2% in the first quarter. Jennison Associates LLC now owns 760,352 shares of the company's stock worth $28,635,000 after buying an additional 16,104 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Chefs' Warehouse by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 553,791 shares of the company's stock worth $20,856,000 after buying an additional 2,454 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Chefs' Warehouse by 11.8% in the second quarter. Victory Capital Management Inc. now owns 496,345 shares of the company's stock worth $19,412,000 after buying an additional 52,246 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Chefs' Warehouse by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company's stock worth $10,568,000 after buying an additional 5,612 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.