The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Given Consensus Rating of "Buy" by Brokerages

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) has earned an average rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $67.60.

CHEF has been the subject of a number of recent research reports. Lake Street Capital lifted their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Benchmark reiterated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. Jefferies Financial Group increased their target price on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. UBS Group lifted their price target on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets increased their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in Chefs' Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after acquiring an additional 446 shares in the last quarter. GAMMA Investing LLC boosted 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 during the period. KBC Group NV grew its stake in Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after purchasing an additional 843 shares in the last quarter. USA Financial Formulas purchased a new position in Chefs' Warehouse during the 1st quarter worth $106,000. Finally, Hsbc Holdings PLC bought a new stake in Chefs' Warehouse during the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

CHEF stock traded up $0.36 during trading on Friday, hitting $54.21. 20,817 shares of the company's stock traded hands, compared to its average volume of 387,708. Chefs' Warehouse has a 52 week low of $32.16 and a 52 week high of $66.51. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 41.38 and a beta of 1.89. The business has a fifty day simple moving average of $55.79 and a 200 day simple moving average of $50.20. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its earnings results 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 net margin of 1.46% and a return on equity of 12.90%. As a group, research analysts expect that Chefs' Warehouse will post 1.73 EPS for the current fiscal year.

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.