Jefferies Financial Group Raises Chefs’ Warehouse (NASDAQ:CHEF) Price Target to $53.00

Chefs’ Warehouse (NASDAQ:CHEF) had its price target lifted by research analysts at Jefferies Financial Group from $51.00 to $53.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 24.18% from the company’s current price.

Chefs’ Warehouse Trading Up 3.3 %

NASDAQ:CHEF opened at $42.68 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.08. Chefs’ Warehouse has a one year low of $17.29 and a one year high of $44.58. The company has a market cap of $1.70 billion, a PE ratio of 49.06 and a beta of 2.32. The firm has a 50-day moving average of $40.19 and a 200-day moving average of $38.51.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Chefs’ Warehouse had a return on equity of 12.62% and a net margin of 1.11%. The firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $945.34 million. During the same period in the previous year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that Chefs’ Warehouse will post 1.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Alexandros Aldous sold 10,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $42.50, for a total value of $425,000.00. Following the completion of the sale, the general counsel now owns 119,342 shares in the company, valued at approximately $5,072,035. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of hedge funds and other institutional investors have recently modified their holdings of CHEF. Nisa Investment Advisors LLC increased its position 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 acquiring an additional 632 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Chefs’ Warehouse by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock valued at $36,000 after purchasing an additional 258 shares during the last quarter. Quarry LP bought a new stake in shares of Chefs’ Warehouse during the 2nd quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Chefs’ Warehouse in the 2nd quarter worth about $55,000. Finally, ORG Partners LLC purchased a new position in shares of Chefs’ Warehouse in the 2nd quarter worth about $122,000. Hedge funds and other institutional investors 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.