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

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have been assigned an average recommendation of "Buy" from the six brokerages that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is $67.40.

A number of brokerages recently weighed in on CHEF. UBS Group lifted their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Benchmark reissued a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a research note on Monday, March 17th. Wall Street Zen raised Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd.

Chefs' Warehouse Stock Up 2.2%

CHEF stock traded up $1.38 during midday trading on Friday, hitting $62.88. 282,042 shares of the company's stock were exchanged, compared to its average volume of 418,386. Chefs' Warehouse has a 12-month low of $35.59 and a 12-month high of $66.51. The company has a current ratio of 2.05, a quick ratio of 1.27 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 41.64 and a beta of 1.77. The firm has a 50 day moving average price of $60.36 and a 200-day moving average price of $56.16.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates 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 13.15% and a net margin of 1.65%. The firm's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, analysts anticipate that Chefs' Warehouse will post 1.73 EPS for the current year.

Institutional Trading of Chefs' Warehouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position 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 acquiring an additional 1,649,811 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Chefs' Warehouse by 193.1% during the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock valued at $120,618,000 after acquiring an additional 1,611,240 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Chefs' Warehouse during the first quarter worth $42,866,000. Nuveen LLC bought a new position in Chefs' Warehouse in the 1st quarter valued at $26,263,000. Finally, Pictet Asset Management Holding SA bought a new position in Chefs' Warehouse in the 4th quarter valued at $20,374,000. Institutional investors own 91.55% of the company's stock.

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.