The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Stock Has Consensus Price Target of $120.17 According to Analysts

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $120.17.

CHEF has been the subject of several research reports. Wall Street Zen raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Morgan Stanley raised their target price on shares of Chefs’ Warehouse from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. BTIG Research boosted their target price on Chefs’ Warehouse from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group upped their price target on Chefs’ Warehouse from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Finally, Benchmark upped their price target on Chefs’ Warehouse from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 30th.

Chefs’ Warehouse Price Performance

NASDAQ:CHEF opened at $106.84 on Monday. Chefs’ Warehouse has a 52 week low of $56.46 and a 52 week high of $118.51. The company has a quick ratio of 1.35, a current ratio of 2.21 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $4.64 billion, a PE ratio of 45.85 and a beta of 1.47. The stock’s 50-day moving average price is $110.24 and its 200-day moving average price is $87.43.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. Chefs’ Warehouse had a return on equity of 17.48% and a net margin of 2.27%. Chefs’ Warehouse’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. As a group, equities analysts expect that Chefs’ Warehouse will post 2.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 35,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $110.97, for a total value of $3,883,950.00. Following the completion of the sale, the general counsel directly owned 34,442 shares in the company, valued at $3,822,028.74. This represents a 50.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christina Polychroni sold 2,752 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $112.00, for a total value of $308,224.00. Following the completion of the sale, the insider directly owned 22,014 shares of the company’s stock, valued at $2,465,568. This trade represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 137,752 shares of company stock valued at $15,203,174. Insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of Chefs’ Warehouse by 16.3% during the 3rd quarter. Parallel Advisors LLC now owns 934 shares of the company’s stock valued at $105,000 after buying an additional 131 shares during the period. Fortitude Family Office LLC lifted its holdings in Chefs’ Warehouse by 75.0% in the third quarter. Fortitude Family Office LLC now owns 448 shares of the company’s stock valued at $50,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Chefs’ Warehouse by 8.3% in the third quarter. GAMMA Investing LLC now owns 2,648 shares of the company’s stock valued at $297,000 after acquiring an additional 204 shares during the last quarter. Signaturefd LLC grew its position in Chefs’ Warehouse by 48.9% in the third quarter. Signaturefd LLC now owns 913 shares of the company’s stock worth $102,000 after acquiring an additional 300 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Chefs’ Warehouse in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Company Profile

Chefs’ Warehouse, Inc is a specialty food distributor serving professional chefs, restaurants, hotels, caterers, culinary institutions and other foodservice customers. The company supplies a broad range of products, including fresh produce, seafood, meat, poultry, dairy, specialty and imported foods, center-of-the-plate items, dry goods, and other ingredients used in commercial kitchens.

Founded in 1985, Chefs’ Warehouse has expanded from a regional distributor into a North American foodservice platform.