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

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $77.6667.

Several research analysts have recently issued reports on CHEF shares. Benchmark reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a research report on Thursday, February 12th. Wolfe Research set a $84.00 price objective on Chefs’ Warehouse in a report on Thursday, February 12th. BTIG Research reiterated a “buy” rating and issued a $74.00 price target on shares of Chefs’ Warehouse in a research report on Thursday, February 12th. UBS Group increased their price target on shares of Chefs’ Warehouse from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Chefs’ Warehouse in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CHEF. Wellington Management Group LLP raised its holdings in Chefs’ Warehouse by 12.2% in the 4th quarter. Wellington Management Group LLP now owns 2,930,463 shares of the company’s stock valued at $182,656,000 after acquiring an additional 318,942 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Chefs’ Warehouse by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,807,801 shares of the company’s stock valued at $175,010,000 after purchasing an additional 58,154 shares during the period. Ameriprise Financial Inc. grew its position in shares of Chefs’ Warehouse by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 2,129,189 shares of the company’s stock valued at $135,864,000 after purchasing an additional 55,850 shares during the period. Victory Capital Management Inc. increased its stake in Chefs’ Warehouse by 3.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,428,184 shares of the company’s stock valued at $89,019,000 after purchasing an additional 44,323 shares during the last quarter. Finally, State Street Corp increased its stake in Chefs’ Warehouse by 0.4% in the fourth quarter. State Street Corp now owns 1,383,974 shares of the company’s stock valued at $86,263,000 after purchasing an additional 5,813 shares during the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs’ Warehouse Stock Up 1.8%

Shares of NASDAQ:CHEF opened at $72.43 on Wednesday. Chefs’ Warehouse has a 52-week low of $45.00 and a 52-week high of $72.76. The stock has a market cap of $2.95 billion, a P/E ratio of 43.90 and a beta of 1.30. The business has a fifty day moving average of $64.43 and a two-hundred day moving average of $62.18. The company has a quick ratio of 1.23, a current ratio of 2.05 and a debt-to-equity ratio of 1.19.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Chefs’ Warehouse had a return on equity of 14.75% and a net margin of 1.74%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business posted $0.55 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. On average, research analysts expect that Chefs’ Warehouse will post 1.73 earnings per share for the current year.

Chefs’ Warehouse Company Profile

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.