Chefs’ Warehouse (NASDAQ:CHEF) Sets New 52-Week High – Time to Buy?

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $45.70 and last traded at $45.53, with a volume of 105590 shares. The stock had previously closed at $44.02.

Analyst Ratings Changes

A number of research firms have weighed in on CHEF. BMO Capital Markets lifted their price objective on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price target on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.50.

Chefs’ Warehouse Trading Up 2.4 %

The company’s 50-day moving average price is $41.49 and its 200 day moving average price is $40.39. The stock has a market cap of $1.78 billion, a PE ratio of 39.36 and a beta of 2.33. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85.

Insider Transactions at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the general counsel now directly owns 114,342 shares of the company’s stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CHEF. Dimensional Fund Advisors LP lifted its holdings in Chefs’ Warehouse by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock valued at $50,440,000 after acquiring an additional 14,209 shares during the period. Wellington Management Group LLP grew its position in Chefs’ Warehouse by 3.1% during the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company’s stock worth $35,053,000 after buying an additional 24,987 shares during the period. Victory Capital Management Inc. lifted its position in shares of Chefs’ Warehouse by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock valued at $21,106,000 after acquiring an additional 6,070 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Chefs’ Warehouse by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock worth $19,118,000 after acquiring an additional 3,739 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Chefs’ Warehouse by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock worth $10,568,000 after acquiring an additional 5,612 shares during the period. Institutional investors and hedge funds own 91.55% of the company’s stock.

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.