Chefs' Warehouse (NASDAQ:CHEF) Hits New 1-Year High - What's Next?

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $68.28 and last traded at $67.04, with a volume of 1521423 shares traded. The stock had previously closed at $63.94.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Benchmark reissued a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a research note on Monday, March 17th. UBS Group upped their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $67.40.

Chefs' Warehouse Stock Up 2.9%

The company has a debt-to-equity ratio of 1.26, a current ratio of 2.05 and a quick ratio of 1.27. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 43.19 and a beta of 1.74. The firm has a 50 day moving average price of $63.04 and a 200-day moving average price of $57.55.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. Chefs' Warehouse had a net margin of 1.65% and a return on equity of 13.15%. The company had revenue of $950.75 million for the quarter, compared to the consensus estimate of $927.34 million. During the same period in the prior year, the company posted $0.15 EPS. The company's revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CHEF. Ameriprise Financial Inc. lifted its stake in Chefs' Warehouse by 389.5% in the first quarter. Ameriprise Financial Inc. now owns 2,073,339 shares of the company's stock valued at $112,914,000 after buying an additional 1,649,811 shares during the period. Wellington Management Group LLP lifted its stake in Chefs' Warehouse by 193.1% in the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock valued at $120,618,000 after buying an additional 1,611,240 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Chefs' Warehouse in the 1st quarter valued at approximately $42,866,000. Nuveen LLC acquired a new stake in shares of Chefs' Warehouse in the 1st quarter valued at approximately $26,263,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Chefs' Warehouse in the 4th quarter valued at approximately $20,374,000. Institutional investors and hedge funds 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.