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

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) has been assigned a consensus rating of "Buy" from the five ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $67.60.

Several equities research analysts have weighed in on CHEF shares. Benchmark restated a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. Jefferies Financial Group upped their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Lake Street Capital increased their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. UBS Group boosted their price target on 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 upped their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th.

Chefs' Warehouse Stock Down 0.4 %

Shares of NASDAQ:CHEF traded down $0.22 on Wednesday, reaching $53.47. The company had a trading volume of 300,262 shares, compared to its average volume of 375,990. The firm has a market capitalization of $2.15 billion, a PE ratio of 40.82 and a beta of 2.28. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. Chefs' Warehouse has a 52-week low of $31.96 and a 52-week high of $66.51. The firm's 50 day simple moving average is $56.98 and its 200-day simple moving average is $48.67.

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Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates 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, analysts expect that Chefs' Warehouse will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chefs' Warehouse

Large investors have recently bought and sold shares of the company. Repertoire Partners LP acquired a new stake in Chefs' Warehouse during the 3rd quarter valued at approximately $1,461,000. Bank of New York Mellon Corp lifted its position in Chefs' Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock valued at $25,293,000 after purchasing an additional 278,295 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Chefs' Warehouse in the third quarter valued at $571,000. FMR LLC raised its stake in shares of Chefs' Warehouse by 95.0% during the 3rd quarter. FMR LLC now owns 5,890 shares of the company's stock valued at $247,000 after buying an additional 2,870 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Chefs' Warehouse in the 4th quarter valued at about $589,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

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.