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

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have received an average rating of "Buy" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $67.40.

CHEF has been the subject of a number of research reports. Lake Street Capital upped their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Benchmark reaffirmed a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. BMO Capital Markets upped their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, UBS Group boosted their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st.

Chefs' Warehouse Trading Up 0.1%

Shares of NASDAQ CHEF traded up $0.05 during trading on Monday, hitting $64.13. 234,695 shares of the company traded hands, compared to its average volume of 406,096. Chefs' Warehouse has a 1 year low of $35.59 and a 1 year high of $66.51. The company has a 50-day moving average price of $56.80 and a 200-day moving average price of $53.69. The firm has a market capitalization of $2.61 billion, a P/E ratio of 48.95 and a beta of 1.76. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

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

Institutional Trading of Chefs' Warehouse

Several large investors have recently modified their holdings of the business. CWM LLC raised its stake in shares of Chefs' Warehouse by 50.6% in the 1st quarter. CWM LLC now owns 542 shares of the company's stock valued at $30,000 after purchasing an additional 182 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Chefs' Warehouse by 6.8% in the 1st quarter. Townsquare Capital LLC now owns 4,994 shares of the company's stock valued at $272,000 after purchasing an additional 318 shares in the last quarter. GAMMA Investing LLC raised its stake 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 valued at $84,000 after purchasing an additional 335 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 valued at $29,000 after purchasing an additional 446 shares in the last quarter. Finally, Swiss National Bank raised 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 in the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.

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.