Brokerages Set The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Price Target at $67.60

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have received a consensus rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have covered the stock in the last year is $67.60.

Several research analysts have weighed in on CHEF shares. Jefferies Financial Group lifted their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets lifted their price objective on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Lake Street Capital raised their target price on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Benchmark reaffirmed a “buy” rating and issued a $68.00 price target on shares of Chefs’ Warehouse in a research note on Monday, March 17th. Finally, UBS Group increased their price objective on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th.

Chefs’ Warehouse Stock Down 0.4 %

Chefs’ Warehouse stock opened at $53.47 on Wednesday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 40.82 and a beta of 2.28. The company’s 50 day simple moving average is $56.98 and its 200 day simple moving average is $48.60. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. Chefs’ Warehouse has a fifty-two week low of $31.96 and a fifty-two week high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Chefs’ Warehouse will post 1.73 EPS for the current year.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of large investors have recently bought and sold shares of the company. Repertoire Partners LP acquired a new position in Chefs’ Warehouse during the third quarter worth $1,461,000. Bank of New York Mellon Corp lifted its position in Chefs’ Warehouse by 118.7% during the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after buying an additional 278,295 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Chefs’ Warehouse during the 3rd quarter worth about $571,000. FMR LLC boosted 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 worth $247,000 after buying an additional 2,870 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Chefs’ Warehouse in the 4th quarter valued at about $589,000. Institutional investors and hedge funds 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.