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

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given an average recommendation of “Buy” by the five brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $53.40.

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

Insider Activity at Chefs’ Warehouse

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 business’s 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 completion of the transaction, the general counsel now directly owns 114,342 shares in the company, valued at approximately $5,145,390. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

Chefs’ Warehouse Price Performance

CHEF stock opened at $49.99 on Friday. The company has a market capitalization of $1.98 billion, a PE ratio of 43.85 and a beta of 2.29. The stock’s 50 day moving average is $46.09 and its two-hundred day moving average is $42.31. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. Chefs’ Warehouse has a 52-week low of $27.64 and a 52-week high of $50.96.

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.