Chefs’ Warehouse (NASDAQ:CHEF) Stock Price Expected to Rise, Benchmark Analyst Says

Chefs’ Warehouse (NASDAQ:CHEF) had its target price hoisted by research analysts at Benchmark from $84.00 to $90.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 14.17% from the stock’s previous close.

A number of other equities analysts also recently commented on CHEF. Weiss Ratings upgraded Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Wolfe Research set a $84.00 price target on Chefs’ Warehouse in a research note on Thursday, February 12th. Zacks Research upgraded Chefs’ Warehouse from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. BTIG Research raised their target price on shares of Chefs’ Warehouse from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group cut their target price on shares of Chefs’ Warehouse from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Chefs’ Warehouse presently has a consensus rating of “Moderate Buy” and an average target price of $80.83.

Chefs’ Warehouse Stock Up 1.6%

NASDAQ:CHEF opened at $78.83 on Thursday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 43.79 and a beta of 1.34. Chefs’ Warehouse has a one year low of $53.20 and a one year high of $79.40. The stock has a 50-day simple moving average of $64.18 and a 200 day simple moving average of $62.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.23 and a current ratio of 2.18.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. Chefs’ Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. Sell-side analysts predict that Chefs’ Warehouse will post 2.17 EPS for the current fiscal year.

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 29,500 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $71.22, for a total value of $2,100,990.00. Following the transaction, the general counsel owned 72,017 shares of the company’s stock, valued at $5,129,050.74. This trade represents a 29.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christina Polychroni sold 3,317 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $65.45, for a total transaction of $217,097.65. Following the completion of the transaction, the insider directly owned 30,141 shares in the company, valued at $1,972,728.45. This represents a 9.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 139,309 shares of company stock worth $9,060,197. Insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On Chefs’ Warehouse

Large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its holdings in shares of Chefs’ Warehouse by 229.5% during the fourth quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $29,000 after buying an additional 319 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Chefs’ Warehouse by 515.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock valued at $31,000 after buying an additional 438 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Chefs’ Warehouse during the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Chefs’ Warehouse during the third quarter valued at approximately $39,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Chefs’ Warehouse by 30.7% during the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock valued at $51,000 after buying an additional 188 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.

About Chefs’ Warehouse

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.