The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives Average Rating of “Buy” from Brokerages

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have received a consensus rating of “Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.80.

Several equities research analysts recently issued reports on the company. BMO Capital Markets upped their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Lake Street Capital increased their target price 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. Finally, Jefferies Financial Group lifted their price target on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th.

Insider Activity at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 145,589 shares in the company, valued at $7,112,022.65. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Alexandros Aldous sold 5,000 shares of the 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 completion of the sale, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.90% of the company’s stock.

Institutional Investors Weigh In On Chefs’ Warehouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Chefs’ Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after acquiring an additional 237 shares during the last quarter. KBC Group NV increased its holdings in shares of Chefs’ Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock worth $104,000 after acquiring an additional 843 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Chefs’ Warehouse during the 3rd quarter worth approximately $130,000. iSAM Funds UK Ltd bought a new position in Chefs’ Warehouse during the 3rd quarter worth $225,000. Finally, FMR LLC raised its holdings 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 in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Up 1.6 %

Shares of Chefs’ Warehouse stock opened at $54.74 on Tuesday. The business has a 50-day moving average price of $49.80 and a 200 day moving average price of $43.86. Chefs’ Warehouse has a fifty-two week low of $31.96 and a fifty-two week high of $56.65. The firm has a market cap of $2.17 billion, a P/E ratio of 48.02 and a beta of 2.29. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

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.