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

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) has received an average rating of "Buy" from the five research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $67.60.

A number of brokerages have issued reports on CHEF. Lake Street Capital upped their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. BMO Capital Markets increased their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. UBS Group increased their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group increased their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Benchmark increased their price objective on Chefs' Warehouse from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th.

Insider Buying and Selling

In related news, CFO James Leddy sold 4,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the transaction, the chief financial officer now directly owns 145,589 shares of the company's stock, valued at $7,112,022.65. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is owned by company insiders.

Remove Ads

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CHEF. Smartleaf Asset Management LLC raised its stake in Chefs' Warehouse by 303.4% during the fourth 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 raised its stake in Chefs' Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after acquiring an additional 237 shares in the last quarter. KBC Group NV raised its stake in Chefs' Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after acquiring an additional 843 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Chefs' Warehouse in the fourth quarter valued at $201,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Chefs' Warehouse in the fourth quarter valued at $224,000. 91.55% of the stock is owned by institutional investors.

Chefs' Warehouse Stock Performance

Chefs' Warehouse stock traded down $0.02 during trading hours on Friday, reaching $62.03. 672,020 shares of the company were exchanged, compared to its average volume of 506,183. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 47.35 and a beta of 2.29. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average of $55.63 and a 200 day moving average of $47.07. Chefs' Warehouse has a 12 month low of $31.96 and a 12 month high of $66.51.

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, topping analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. As a group, research analysts anticipate that Chefs' Warehouse will post 1.73 earnings per share for the current 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.