Brokerages Set The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Price Target at $53.40

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been assigned an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.40.

A number of research firms have issued reports on CHEF. Jefferies Financial Group increased their price target on Chefs’ Warehouse from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 16th. BMO Capital Markets increased their target price on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Lake Street Capital lifted their price target on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

Insider Activity at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total transaction of $195,400.00. Following the completion of the transaction, the chief financial officer now owns 145,589 shares in the company, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the general counsel now directly owns 114,342 shares of the company’s stock, valued at approximately $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 currently owned by insiders.

Hedge Funds Weigh In On Chefs’ Warehouse

Hedge funds have recently bought and sold shares of the company. WCM Investment Management LLC purchased a new stake in shares of Chefs’ Warehouse in the third quarter valued at about $7,680,000. Cubist Systematic Strategies LLC lifted its position in shares of Chefs’ Warehouse by 584.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company’s stock worth $1,933,000 after buying an additional 59,637 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Chefs’ Warehouse by 11.8% in the 2nd quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock worth $19,412,000 after buying an additional 52,246 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Chefs’ Warehouse during the second quarter valued at approximately $1,586,000. Finally, Repertoire Partners LP purchased a new position in Chefs’ Warehouse in the third quarter worth $1,461,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs’ Warehouse Stock Down 2.1 %

Shares of Chefs’ Warehouse stock opened at $48.93 on Friday. The stock’s 50-day moving average is $46.27 and its 200 day moving average is $42.42. Chefs’ Warehouse has a one year low of $27.64 and a one year high of $50.96. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 42.92 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.

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.