Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $58.00

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective upped by Jefferies Financial Group from $53.00 to $58.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

CHEF has been the topic of several other reports. Lake Street Capital raised their price target on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets raised their target price on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.40.

Chefs’ Warehouse Stock Up 0.4 %

Shares of NASDAQ:CHEF opened at $48.94 on Monday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 42.93 and a beta of 2.33. The stock’s 50-day moving average price is $42.88 and its 200-day moving average price is $41.04. The company has a current ratio of 1.85, a quick ratio of 1.06 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 $49.78.

Insider Activity at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 5,000 shares of Chefs’ Warehouse stock in a transaction on Friday, November 22nd. The shares were 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. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Leddy sold 4,000 shares of the company’s stock in a transaction 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 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 disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

Institutional Trading of Chefs’ Warehouse

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Chefs’ Warehouse by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock worth $50,440,000 after acquiring an additional 14,209 shares in the last quarter. Wellington Management Group LLP grew its stake in Chefs’ Warehouse by 3.1% in the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company’s stock worth $35,053,000 after purchasing an additional 24,987 shares during the period. Victory Capital Management Inc. lifted its position in Chefs’ Warehouse by 1.2% during the third quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock valued at $21,106,000 after buying an additional 6,070 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Chefs’ Warehouse by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock valued at $19,118,000 after buying an additional 3,739 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Chefs’ Warehouse by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock valued at $10,568,000 after buying an additional 5,612 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

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.