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

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have been assigned an average rating of "Buy" from the five research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $53.80.

CHEF has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, Lake Street Capital lifted their target price on shares of Chefs' Warehouse from $48.00 to $60.00 and gave the company a "buy" rating in a report on Monday, December 16th.

Chefs' Warehouse Stock Performance

NASDAQ CHEF traded down $1.73 on Tuesday, reaching $54.21. 548,311 shares of the company's stock traded hands, compared to its average volume of 371,012. Chefs' Warehouse has a fifty-two week low of $31.96 and a fifty-two week high of $56.65. 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 firm has a market cap of $2.14 billion, a price-to-earnings ratio of 47.55 and a beta of 2.29. The stock has a 50 day moving average price of $50.64 and a 200-day moving average price of $44.20.

Insider Activity

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the business'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 completion of the sale, the general counsel now owns 114,342 shares of the company's stock, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James Leddy sold 4,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.90% of the company's stock.

Institutional Trading of Chefs' Warehouse

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Chefs' Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after purchasing an additional 237 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after buying an additional 446 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of 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 buying an additional 481 shares in the last quarter. New York State Teachers Retirement System boosted its position in Chefs' Warehouse by 1.6% during the third quarter. New York State Teachers Retirement System now owns 41,742 shares of the company's stock worth $1,754,000 after acquiring an additional 640 shares during the last quarter. Finally, KBC Group NV grew its stake in Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after acquiring an additional 843 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

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.