The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives Consensus Recommendation of “Buy” from Analysts

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given a consensus rating of “Buy” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $67.60.

CHEF has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Jefferies Financial Group boosted their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and set a $68.00 price objective on shares of Chefs’ Warehouse in a research report on Monday, March 17th. UBS Group lifted their target price on Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Lake Street Capital boosted their target price on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

Chefs’ Warehouse Trading Down 1.7 %

NASDAQ CHEF opened at $53.58 on Wednesday. Chefs’ Warehouse has a one year low of $31.96 and a one year high of $66.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The firm has a market cap of $2.16 billion, a P/E ratio of 40.90 and a beta of 2.28. The stock’s 50-day moving average is $56.94 and its 200-day moving average is $48.44.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. Sell-side analysts anticipate that Chefs’ Warehouse will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHEF. Wellington Management Group LLP boosted its holdings in shares of Chefs’ Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company’s stock valued at $120,618,000 after buying an additional 1,611,240 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in Chefs’ Warehouse during the fourth quarter worth $20,374,000. TimesSquare Capital Management LLC acquired a new stake in Chefs’ Warehouse in the fourth quarter valued at $19,493,000. Cercano Management LLC bought a new position in shares of Chefs’ Warehouse in the 4th quarter valued at about $18,481,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Chefs’ Warehouse by 118.7% during the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after purchasing an additional 278,295 shares during the last quarter. 91.55% of the stock is currently 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.