The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Receives $53.40 Average Price Target from Brokerages

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.40.

Several research firms recently weighed in on CHEF. Jefferies Financial Group upped their price objective on shares of Chefs' Warehouse from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Lake Street Capital increased their price target on shares of Chefs' Warehouse from $48.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, BMO Capital Markets lifted their price objective on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st.

Insiders Place Their Bets

In other Chefs' Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of Chefs' Warehouse stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the general counsel now directly owns 114,342 shares of the company's stock, valued at $5,145,390. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Leddy sold 4,000 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 145,589 shares in the company, valued at $7,112,022.65. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Chefs' Warehouse

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Chefs' Warehouse by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company's stock worth $50,440,000 after purchasing an additional 14,209 shares during the period. Wellington Management Group LLP lifted its holdings in Chefs' Warehouse by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 834,386 shares of the company's stock worth $35,053,000 after buying an additional 24,987 shares during the period. Victory Capital Management Inc. lifted its holdings in Chefs' Warehouse by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 502,415 shares of the company's stock worth $21,106,000 after buying an additional 6,070 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Chefs' Warehouse by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company's stock worth $19,118,000 after buying an additional 3,739 shares during the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of Chefs' Warehouse during the third quarter valued at approximately $7,680,000. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

Shares of CHEF stock traded down $1.06 on Friday, reaching $48.93. The company's stock had a trading volume of 261,172 shares, compared to its average volume of 276,698. The company has a market capitalization of $1.94 billion, a P/E ratio of 42.92 and a beta of 2.29. Chefs' Warehouse has a 12-month low of $27.64 and a 12-month high of $50.96. The stock's 50 day simple moving average is $46.09 and its 200-day simple moving average is $42.31. The company has a quick ratio of 1.06, a current ratio of 1.85 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.