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

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $71.8750.

Several research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Chefs’ Warehouse in a report on Monday, October 27th. They issued an “overweight” rating and a $75.00 price target on the stock. UBS Group boosted their target price on Chefs’ Warehouse from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings lowered Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. Finally, Piper Sandler started coverage on Chefs’ Warehouse in a report on Wednesday, August 27th. They set a “neutral” rating and a $66.00 price objective for the company.

Chefs’ Warehouse Trading Down 0.9%

Shares of Chefs’ Warehouse stock opened at $58.94 on Monday. The company’s 50-day moving average price is $60.39 and its 200-day moving average price is $62.29. The company has a current ratio of 2.14, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. Chefs’ Warehouse has a 12-month low of $40.00 and a 12-month high of $68.94. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 34.67 and a beta of 1.73.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.43 by $0.07. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.36 million. Chefs’ Warehouse had a net margin of 1.85% and a return on equity of 14.11%. Chefs’ Warehouse’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share. Chefs’ Warehouse has set its FY 2025 guidance at EPS. On average, equities analysts expect that Chefs’ Warehouse will post 1.73 earnings per share for the current fiscal year.

Insider Transactions at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $62.11, for a total value of $1,366,420.00. Following the completion of the transaction, the chief financial officer owned 125,892 shares of the company’s stock, valued at $7,819,152.12. The trade was a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.50% of the stock is currently owned by insiders.

Institutional Trading of Chefs’ Warehouse

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Chefs’ Warehouse by 0.4% in the third quarter. Vanguard Group Inc. now owns 2,749,647 shares of the company’s stock valued at $160,387,000 after acquiring an additional 9,890 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chefs’ Warehouse by 9.2% in the 1st quarter. Wellington Management Group LLP now owns 2,669,580 shares of the company’s stock worth $145,385,000 after purchasing an additional 223,954 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Chefs’ Warehouse by 2.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,129,189 shares of the company’s stock worth $135,864,000 after purchasing an additional 55,850 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Chefs’ Warehouse by 2.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,383,861 shares of the company’s stock valued at $80,721,000 after purchasing an additional 30,684 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Chefs’ Warehouse by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 1,149,252 shares of the company’s stock valued at $73,334,000 after buying an additional 70,318 shares in the last quarter. 91.55% of the stock is 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.