Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $60.00 at Jefferies Financial Group

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective raised by equities researchers at Jefferies Financial Group from $58.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 13.27% from the company’s current price.

A number of other brokerages also recently weighed in on CHEF. Lake Street Capital lifted their target price on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets boosted their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

Chefs’ Warehouse Trading Up 2.6 %

CHEF stock traded up $1.36 during trading on Wednesday, hitting $52.97. The company had a trading volume of 236,289 shares, compared to its average volume of 295,046. The stock has a market cap of $2.10 billion, a PE ratio of 46.46 and a beta of 2.29. The business has a 50-day moving average of $46.69 and a 200-day moving average of $42.59. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. Chefs’ Warehouse has a one year low of $27.64 and a one year high of $53.31.

Insider Buying and Selling

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the general counsel now owns 114,342 shares in the company, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total transaction of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of institutional investors have recently modified their holdings of CHEF. Quarry LP bought a new stake in Chefs’ Warehouse in the 2nd quarter worth about $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Chefs’ Warehouse during the 2nd quarter valued at $55,000. GAMMA Investing LLC grew its holdings in Chefs’ Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after purchasing an additional 237 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Chefs’ Warehouse during the 3rd quarter valued at about $130,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Chefs’ Warehouse in the second quarter worth approximately $160,000. 91.55% of the stock is owned by hedge funds and other 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.