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

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

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

Chefs’ Warehouse Stock Down 2.8 %

Shares of NASDAQ:CHEF opened at $47.55 on Monday. The firm has a market cap of $1.88 billion, a P/E ratio of 41.71 and a beta of 2.33. Chefs’ Warehouse has a 12-month low of $27.64 and a 12-month high of $49.78. The business has a fifty day simple moving average of $43.23 and a 200 day simple moving average of $41.15. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Insider Buying and Selling

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the general counsel now owns 114,342 shares in the company, valued at approximately $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Leddy sold 4,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were 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 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 disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its position in Chefs’ Warehouse by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $696,000 after purchasing an additional 300 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Chefs’ Warehouse by 7.6% during the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock valued at $284,000 after buying an additional 481 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 632 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Chefs’ Warehouse by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock worth $1,754,000 after acquiring an additional 640 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of Chefs’ Warehouse by 20.3% in the 3rd quarter. Verition Fund Management LLC now owns 6,772 shares of the company’s stock worth $284,000 after acquiring an additional 1,144 shares during the last quarter. 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.