Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $55.00 at BMO Capital Markets

Chefs’ Warehouse (NASDAQ:CHEF) had its price target raised by research analysts at BMO Capital Markets from $50.00 to $55.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 39.31% from the company’s current price.

Separately, Jefferies Financial Group boosted their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Chefs’ Warehouse Stock Up 0.6 %

Shares of NASDAQ CHEF opened at $39.48 on Thursday. Chefs’ Warehouse has a 52-week low of $17.98 and a 52-week high of $44.58. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.08 and a current ratio of 1.85. The business has a fifty day moving average of $40.70 and a two-hundred day moving average of $39.22. The stock has a market cap of $1.57 billion, a PE ratio of 45.13 and a beta of 2.32.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The firm had revenue of $931.45 million for the quarter, compared to analyst estimates of $934.29 million. As a group, equities research analysts expect that Chefs’ Warehouse will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHEF. Dimensional Fund Advisors LP increased its stake in shares of Chefs’ Warehouse by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock valued at $50,440,000 after buying an additional 14,209 shares during the period. Jennison Associates LLC lifted its position in Chefs’ Warehouse by 2.2% during the 1st quarter. Jennison Associates LLC now owns 760,352 shares of the company’s stock valued at $28,635,000 after purchasing an additional 16,104 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of Chefs’ Warehouse by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 553,791 shares of the company’s stock valued at $20,856,000 after purchasing an additional 2,454 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Chefs’ Warehouse by 11.8% during the 2nd quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock worth $19,412,000 after buying an additional 52,246 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Chefs’ Warehouse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock worth $10,568,000 after buying an additional 5,612 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.

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.