The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Given Average Rating of “Buy” by Brokerages

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have been assigned a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $53.40.

A number of research analysts have issued reports on CHEF shares. Jefferies Financial Group boosted their target price on Chefs’ Warehouse from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets boosted their price objective on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Lake Street Capital increased their target price on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

Insiders Place Their Bets

In related news, CFO James Leddy sold 4,000 shares of the 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 directly owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of the business’s 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 in the company, valued at $5,145,390. This trade represents a 4.19 % 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

Several large investors have recently made changes to their positions in CHEF. Dimensional Fund Advisors LP increased its position in 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 buying an additional 14,209 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Chefs’ Warehouse by 3.1% during the 3rd quarter. Wellington Management Group LLP now owns 834,386 shares of the company’s stock worth $35,053,000 after acquiring an additional 24,987 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Chefs’ Warehouse by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock worth $21,106,000 after acquiring an additional 6,070 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Chefs’ Warehouse by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock valued at $19,118,000 after acquiring an additional 3,739 shares during the period. Finally, WCM Investment Management LLC acquired a new stake in Chefs’ Warehouse during the 3rd quarter valued at $7,680,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Price Performance

Shares of CHEF stock opened at $49.99 on Friday. 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 has a 12-month low of $27.64 and a 12-month high of $50.96. The firm has a fifty day moving average of $46.09 and a 200-day moving average of $42.31. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 43.85 and a beta of 2.29.

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.