The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Given Consensus Recommendation of “Buy” by Analysts

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

Several equities research analysts have recently weighed in on CHEF shares. BMO Capital Markets upped their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Lake Street Capital increased their price objective on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th.

Insider Buying and Selling

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value 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 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 the stock in a transaction 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 sale, the general counsel now owns 114,342 shares in the company, valued at $5,145,390. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Chefs’ Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after purchasing an additional 237 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Chefs’ Warehouse by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 178,080 shares of the company’s stock worth $7,481,000 after buying an additional 2,218 shares in the last quarter. iSAM Funds UK Ltd bought a new position in Chefs’ Warehouse in the 3rd quarter valued at $225,000. Wellington Management Group LLP boosted its position in Chefs’ Warehouse by 3.1% in 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 last quarter. Finally, Repertoire Partners LP bought a new stake in shares of Chefs’ Warehouse during the third quarter worth $1,461,000. 91.55% of the stock is owned by institutional investors.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $52.73 on Friday. Chefs’ Warehouse has a twelve month low of $28.00 and a twelve month high of $53.31. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.09 billion, a P/E ratio of 46.25 and a beta of 2.29. The company’s 50-day simple moving average is $47.09 and its 200 day simple moving average is $42.73.

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.