The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Given Average Recommendation of “Buy” by Brokerages

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $67.60.

Several research analysts have weighed in on the stock. Lake Street Capital upped their price objective on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. UBS Group increased their price objective on Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets raised their price target on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Benchmark restated a “buy” rating and issued a $68.00 target price on shares of Chefs’ Warehouse in a report on Monday, March 17th.

Chefs’ Warehouse Stock Up 1.4 %

CHEF stock opened at $53.70 on Friday. The company’s 50 day simple moving average is $56.35 and its 200-day simple moving average is $49.99. Chefs’ Warehouse has a 52-week low of $32.16 and a 52-week 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 capitalization of $2.20 billion, a P/E ratio of 40.99 and a beta of 1.89.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Chefs’ Warehouse will post 1.73 EPS for the current year.

Institutional Investors Weigh In On Chefs’ Warehouse

Several hedge funds have recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in Chefs’ Warehouse during the 1st quarter worth $106,000. SG Americas Securities LLC acquired a new position in shares of Chefs’ Warehouse in the 1st quarter valued at approximately $420,000. GAMMA Investing LLC increased its stake in Chefs’ Warehouse by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company’s stock worth $84,000 after purchasing an additional 335 shares in the last quarter. Rhumbline Advisers raised its holdings in Chefs’ Warehouse by 1.7% during the 1st quarter. Rhumbline Advisers now owns 95,003 shares of the company’s stock worth $5,174,000 after buying an additional 1,623 shares during the period. Finally, JT Stratford LLC bought a new position in Chefs’ Warehouse in the fourth quarter valued at approximately $273,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

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.