The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives Average Rating of “Buy” from Analysts

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given a consensus rating of “Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.80.

CHEF has been the subject of a number of recent research reports. Lake Street Capital raised their price objective 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. Jefferies Financial Group boosted their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets increased 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.

Insider Activity at Chefs’ Warehouse

In related 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 transaction of $225,000.00. Following the completion of the transaction, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse 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 completion of the transaction, the chief financial officer now owns 145,589 shares in the company, valued at approximately $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 12.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Chefs’ Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares during the period. KBC Group NV raised its holdings in Chefs’ Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after buying an additional 843 shares during the period. ORG Wealth Partners LLC acquired a new position in Chefs’ Warehouse during the third quarter valued at approximately $130,000. iSAM Funds UK Ltd purchased a new stake in Chefs’ Warehouse during the third quarter worth approximately $225,000. Finally, FMR LLC increased its position in shares of Chefs’ Warehouse by 95.0% in the third quarter. FMR LLC now owns 5,890 shares of the company’s stock worth $247,000 after acquiring an additional 2,870 shares in the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs’ Warehouse Price Performance

Shares of NASDAQ CHEF opened at $54.74 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The company’s 50-day moving average price is $49.80 and its 200 day moving average price is $43.86. Chefs’ Warehouse has a 52 week low of $31.96 and a 52 week high of $56.65. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 48.02 and a beta of 2.29.

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.