The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Given Consensus Rating of “Buy” by Brokerages

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $53.40.

A number of research firms recently weighed in on CHEF. Jefferies Financial Group boosted their price target on shares of Chefs’ Warehouse from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Lake Street Capital boosted their price target 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. Finally, BMO Capital Markets boosted their price target on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Insider Buying and Selling at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 114,342 shares in the company, valued at $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Leddy sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 145,589 shares of the company’s stock, valued at $7,112,022.65. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 14,209 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Chefs’ Warehouse by 3.1% in the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company’s stock valued at $35,053,000 after buying an additional 24,987 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Chefs’ Warehouse by 1.2% in the third quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock valued at $21,106,000 after buying an additional 6,070 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Chefs’ Warehouse by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock valued at $19,118,000 after buying an additional 3,739 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in 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 purchasing an additional 5,612 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Down 0.2 %

CHEF opened at $48.34 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 42.40 and a beta of 2.33. The firm has a 50 day simple moving average of $43.59 and a 200 day simple moving average of $41.30. Chefs’ Warehouse has a fifty-two week low of $27.64 and a fifty-two week high of $49.78.

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.