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

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have received a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $67.40.

CHEF has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and issued a $68.00 price objective on shares of Chefs’ Warehouse in a report on Monday, March 17th. BTIG Research reiterated a “buy” rating on shares of Chefs’ Warehouse in a report on Friday, May 23rd. UBS Group lifted their price objective on Chefs’ Warehouse from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, June 21st.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $65.76 on Tuesday. The stock has a 50-day simple moving average of $63.04 and a two-hundred day simple moving average of $57.67. The firm has a market capitalization of $2.68 billion, a P/E ratio of 43.55 and a beta of 1.74. Chefs’ Warehouse has a fifty-two week low of $35.59 and a fifty-two week high of $68.28. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.27 and a current ratio of 2.05.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Chefs’ Warehouse had a return on equity of 13.15% and a net margin of 1.65%. The firm had revenue of $950.75 million for the quarter, compared to analysts’ expectations of $927.34 million. During the same period last year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Chefs’ Warehouse will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CHEF. CWM LLC raised its position in shares of Chefs’ Warehouse by 50.6% during the 1st quarter. CWM LLC now owns 542 shares of the company’s stock valued at $30,000 after buying an additional 182 shares during the period. Townsquare Capital LLC raised its position in shares of Chefs’ Warehouse by 6.8% during the 1st quarter. Townsquare Capital LLC now owns 4,994 shares of the company’s stock valued at $272,000 after buying an additional 318 shares during the period. GAMMA Investing LLC raised its position in shares of Chefs’ Warehouse by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company’s stock valued at $84,000 after buying an additional 335 shares during the period. Swiss National Bank raised its position in shares of Chefs’ Warehouse by 0.9% during the 4th quarter. Swiss National Bank now owns 70,500 shares of the company’s stock valued at $3,477,000 after buying an additional 600 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Chefs’ Warehouse during the 1st quarter valued at approximately $37,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs’ Warehouse Company Profile

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.