Lake Street Capital Issues Positive Forecast for Chefs’ Warehouse (NASDAQ:CHEF) Stock Price

Chefs’ Warehouse (NASDAQ:CHEF) had its target price increased by Lake Street Capital from $48.00 to $60.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also issued reports on CHEF. Jefferies Financial Group boosted their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.40.

Chefs’ Warehouse Stock Up 0.4 %

CHEF stock opened at $48.94 on Monday. Chefs’ Warehouse has a fifty-two week low of $27.64 and a fifty-two week high of $49.78. The stock has a fifty day moving average of $42.88 and a 200-day moving average of $41.04. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 42.93 and a beta of 2.33. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85.

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total transaction of $195,400.00. Following the completion of the sale, the chief financial officer now directly owns 145,589 shares in the company, valued at $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 transaction of $225,000.00. Following the completion of the transaction, the general counsel now directly 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. Insiders own 11.90% of the company’s stock.

Institutional Trading of Chefs’ Warehouse

A number of hedge funds have recently made changes to their positions in CHEF. Nisa Investment Advisors LLC raised its position in Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 632 shares in the last quarter. Quarry LP bought a new position in shares of Chefs’ Warehouse during the 2nd quarter valued at about $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Chefs’ Warehouse during the 2nd quarter valued at about $55,000. ORG Wealth Partners LLC bought a new stake in Chefs’ Warehouse in the 3rd quarter worth approximately $130,000. Finally, Canada Pension Plan Investment Board bought a new stake in Chefs’ Warehouse in the 2nd quarter worth approximately $160,000. 91.55% of the stock is owned by institutional investors.

About Chefs’ Warehouse

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.