The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Receives $52.40 Average Price Target from Analysts

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have been assigned an average recommendation of "Buy" from the five research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $53.40.

A number of research analysts have recently weighed in on CHEF shares. Jefferies Financial Group raised their price target on Chefs' Warehouse from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Monday. BMO Capital Markets raised their target price on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, Lake Street Capital lifted their target price on shares of Chefs' Warehouse from $48.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday.

Insider Activity at Chefs' Warehouse

In other Chefs' Warehouse news, CFO James Leddy sold 4,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of the company's 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 transaction, the general counsel now directly owns 114,342 shares of the company's stock, valued at approximately $5,145,390. This 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 have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in 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 purchasing an additional 632 shares during the period. Quarry LP purchased a new position in shares of Chefs' Warehouse in the 2nd quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Chefs' Warehouse in the 2nd quarter worth $55,000. ORG Wealth Partners LLC purchased a new stake in Chefs' Warehouse during the third quarter valued at about $130,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Chefs' Warehouse in the 2nd quarter valued at about $160,000. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Price Performance

Shares of CHEF traded up $0.19 during trading hours on Monday, reaching $48.94. The company had a trading volume of 429,370 shares, compared to its average volume of 343,618. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 43.17 and a beta of 2.33. Chefs' Warehouse has a 12-month low of $27.64 and a 12-month high of $49.78. The firm has a 50 day simple moving average of $42.68 and a 200-day simple moving average of $40.97. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39.

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.