The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• The Chefs' Warehouse, Inc. has received a consensus recommendation of "Buy" from six brokerages, with an average target price of $70.40.
• Recent insider activity includes the sale of 17,500 shares by CAO Tim McCauley at an average price of $65.07, reducing his ownership by 25.16%.
• The company reported earnings per share of $0.52 for the last quarter, exceeding estimates and reflecting an 8.4% year-over-year revenue growth.

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) has been given a consensus recommendation of "Buy" by the six brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $70.40.

Several equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. BTIG Research restated a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. Finally, Benchmark increased their target price on shares of Chefs' Warehouse from $68.00 to $79.00 and gave the stock a "buy" rating in a report on Thursday, July 31st.

Insider Activity at Chefs' Warehouse

In related news, CAO Tim Mccauley sold 17,500 shares of Chefs' Warehouse stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the sale, the chief accounting officer directly owned 52,050 shares of the company's stock, valued at approximately $3,386,893.50. The trade was a 25.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its holdings in 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 last quarter. State of New Jersey Common Pension Fund D raised its holdings in Chefs' Warehouse by 0.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 30,491 shares of the company's stock worth $1,946,000 after buying an additional 212 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Chefs' Warehouse by 2.0% during the second quarter. Yousif Capital Management LLC now owns 13,152 shares of the company's stock worth $839,000 after buying an additional 260 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Chefs' Warehouse by 5.3% during the second quarter. Teacher Retirement System of Texas now owns 5,594 shares of the company's stock worth $357,000 after buying an additional 282 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Chefs' Warehouse by 4.0% during the second quarter. Verdence Capital Advisors LLC now owns 7,948 shares of the company's stock worth $507,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

NASDAQ CHEF traded down $0.58 on Friday, reaching $62.30. The company's stock had a trading volume of 366,452 shares, compared to its average volume of 504,541. The firm has a market cap of $2.54 billion, a PE ratio of 38.94 and a beta of 1.83. The business has a 50-day moving average price of $63.76 and a 200 day moving average price of $59.59. Chefs' Warehouse has a 52 week low of $35.99 and a 52 week high of $68.94. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. Chefs' Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.40 earnings per share. The company's revenue was up 8.4% on a year-over-year basis. Sell-side analysts expect that Chefs' Warehouse will post 1.73 EPS for the current year.

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.