The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Receives Average Recommendation of "Buy" from Analysts

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six analysts that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $67.40.

A number of brokerages recently commented on CHEF. Wall Street Zen lowered Chefs' Warehouse from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Benchmark reiterated a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, UBS Group boosted their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st.

Chefs' Warehouse Stock Performance

Shares of CHEF stock opened at $60.90 on Friday. 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 50-day moving average of $60.03 and a 200-day moving average of $55.82. Chefs' Warehouse has a one year low of $35.59 and a one year high of $66.51. The company has a market cap of $2.48 billion, a P/E ratio of 40.33 and a beta of 1.77.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts forecast that Chefs' Warehouse will post 1.73 EPS for the current fiscal year.

Institutional Trading of Chefs' Warehouse

Hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC increased its holdings in Chefs' Warehouse by 23.9% in the 1st quarter. Voya Investment Management LLC now owns 23,772 shares of the company's stock worth $1,295,000 after acquiring an additional 4,586 shares during the last quarter. Rhumbline Advisers boosted its position in Chefs' Warehouse by 1.7% during the first quarter. Rhumbline Advisers now owns 95,003 shares of the company's stock worth $5,174,000 after purchasing an additional 1,623 shares during the period. Strs Ohio purchased a new position in shares of Chefs' Warehouse in the first quarter worth about $98,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Chefs' Warehouse by 50.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company's stock valued at $7,101,000 after purchasing an additional 43,593 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Chefs' Warehouse in the first quarter valued at approximately $696,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.