Chefs’ Warehouse (NASDAQ:CHEF) Given “Buy” Rating at Benchmark

Benchmark reissued their buy rating on shares of Chefs’ Warehouse (NASDAQ:CHEF) in a research note published on Monday,Benzinga reports. The brokerage currently has a $68.00 price objective on the stock.

CHEF has been the subject of a number of other reports. UBS Group raised their price target on Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Lake Street Capital raised their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group raised their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets lifted their price objective on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Chefs’ Warehouse Price Performance

Shares of NASDAQ CHEF opened at $52.36 on Monday. The stock has a fifty day simple moving average of $56.61 and a two-hundred day simple moving average of $47.98. Chefs’ Warehouse has a 1-year low of $31.96 and a 1-year high of $66.51. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 39.97 and a beta of 2.28. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. Analysts anticipate that Chefs’ Warehouse will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Chefs’ Warehouse

Large investors have recently added to or reduced their stakes in the company. Repertoire Partners LP purchased a new stake in Chefs’ Warehouse during the third quarter valued at about $1,461,000. Bank of New York Mellon Corp increased its holdings in shares of Chefs’ Warehouse by 118.7% in the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after buying an additional 278,295 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Chefs’ Warehouse in the third quarter worth about $571,000. FMR LLC increased its holdings in shares of Chefs’ Warehouse by 95.0% in the third quarter. FMR LLC now owns 5,890 shares of the company’s stock worth $247,000 after buying an additional 2,870 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Chefs’ Warehouse in the fourth quarter worth about $589,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

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.