Jefferies Financial Group Issues Positive Forecast for Chefs’ Warehouse (NASDAQ:CHEF) Stock Price

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective boosted by Jefferies Financial Group from $58.00 to $60.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

CHEF has been the subject of a number of other research reports. Lake Street Capital upped their price target on Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets increased their target price on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

Chefs’ Warehouse Trading Up 0.4 %

CHEF opened at $52.95 on Wednesday. The business has a 50 day simple moving average of $47.30 and a two-hundred day simple moving average of $42.82. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 46.45 and a beta of 2.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. Chefs’ Warehouse has a one year low of $29.37 and a one year high of $53.31.

Insider Transactions at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the company’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 sale, the general counsel now owns 114,342 shares in the company, valued at $5,145,390. This represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO James Leddy sold 4,000 shares of the company’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 value of $195,400.00. Following the completion of the sale, the chief financial officer now owns 145,589 shares in the company, valued at $7,112,022.65. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.90% of the company’s stock.

Institutional Trading of Chefs’ Warehouse

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Repertoire Partners LP purchased a new stake in shares of Chefs’ Warehouse in the 3rd quarter worth approximately $1,461,000. WCM Investment Management LLC purchased a new stake in Chefs’ Warehouse during the 3rd quarter valued at $7,680,000. Dynamic Technology Lab Private Ltd purchased a new stake in Chefs’ Warehouse during the 3rd quarter valued at $571,000. FMR LLC boosted its stake in 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 purchasing an additional 2,870 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Chefs’ Warehouse by 33.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock valued at $5,303,000 after purchasing an additional 31,968 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

About Chefs’ Warehouse

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.