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

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective lifted by Jefferies Financial Group from $58.00 to $60.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Lake Street Capital upped 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, December 16th. BMO Capital Markets upped their price target 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 equities research 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 company presently has an average rating of “Moderate Buy” and an average target price of $53.80.

Chefs’ Warehouse Stock Up 1.9 %

Shares of CHEF opened at $52.59 on Wednesday. Chefs’ Warehouse has a one year low of $27.64 and a one year high of $53.31. The company has a market cap of $2.08 billion, a P/E ratio of 46.13 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. The firm has a 50 day simple moving average of $46.89 and a two-hundred day simple moving average of $42.66.

Insider Buying and Selling

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO James Leddy sold 4,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the sale, the chief financial officer now owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.90% of the stock is currently owned by insiders.

Institutional Trading of Chefs’ Warehouse

Large investors have recently bought and sold shares of the business. Repertoire Partners LP acquired a new stake in Chefs’ Warehouse during the 3rd quarter worth about $1,461,000. WCM Investment Management LLC acquired a new stake in Chefs’ Warehouse during the 3rd quarter worth about $7,680,000. Dynamic Technology Lab Private Ltd acquired a new stake in Chefs’ Warehouse during the 3rd quarter worth about $571,000. FMR LLC grew its holdings in 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 acquiring an additional 2,870 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Chefs’ Warehouse by 33.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock worth $5,303,000 after acquiring an additional 31,968 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.

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.