Chefs' Warehouse (NASDAQ:CHEF) Sees Strong Trading Volume - Still a Buy?

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) shares saw strong trading volume on Tuesday . 420,637 shares changed hands during trading, an increase of 3% from the previous session's volume of 407,211 shares.The stock last traded at $61.18 and had previously closed at $64.60.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group increased their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Lake Street Capital increased their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. BTIG Research restated a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. Finally, BMO Capital Markets upped their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $67.40.

Chefs' Warehouse Trading Up 1.5%

The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.55 billion, a P/E ratio of 47.94 and a beta of 1.76. The firm has a 50-day moving average of $57.76 and a two-hundred day moving average of $54.43.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. On average, analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Hedge Funds Weigh In On Chefs' Warehouse

Large investors have recently bought and sold shares of the company. CWM LLC increased its position in shares of Chefs' Warehouse by 50.6% during the first quarter. CWM LLC now owns 542 shares of the company's stock worth $30,000 after buying an additional 182 shares during the period. Townsquare Capital LLC grew its holdings in Chefs' Warehouse by 6.8% during the 1st quarter. Townsquare Capital LLC now owns 4,994 shares of the company's stock worth $272,000 after acquiring an additional 318 shares during the period. GAMMA Investing LLC raised its position in shares of Chefs' Warehouse by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock worth $84,000 after acquiring an additional 335 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Chefs' Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after acquiring an additional 446 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Chefs' Warehouse by 0.9% in the 4th quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after purchasing an additional 600 shares during the period. 91.55% of the stock is currently owned by institutional investors.

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.