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

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEFGet Free Report) have received an average recommendation of “Buy” from the five research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $53.40.

A number of research analysts have issued reports on CHEF shares. BMO Capital Markets boosted their price objective on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of Chefs’ Warehouse from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Lake Street Capital raised their price objective 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.

Read Our Latest Research Report on CHEF

Insider Buying and Selling

In related news, CFO James Leddy sold 4,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $48.85, for a total transaction of $195,400.00. Following the sale, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of Chefs’ Warehouse stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the general counsel now directly owns 114,342 shares of the company’s stock, valued at $5,145,390. This trade represents a 4.19 % 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 Inflows and Outflows

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

Chefs’ Warehouse Price Performance

Shares of Chefs’ Warehouse stock opened at $48.34 on Monday. The business has a 50 day moving average of $43.42 and a 200 day moving average of $41.21. Chefs’ Warehouse has a 52 week low of $27.64 and a 52 week high of $49.78. The company has a market cap of $1.91 billion, a PE ratio of 42.40 and a beta of 2.33. 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

(Get Free Report

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.

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Analyst Recommendations for Chefs' Warehouse (NASDAQ:CHEF)

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