The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Receives $67.40 Consensus Price Target from Analysts

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) has received an average rating of "Buy" from the six analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $67.40.

Several analysts recently commented on CHEF shares. UBS Group upped their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Wall Street Zen upgraded Chefs' Warehouse from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Finally, BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd.

Chefs' Warehouse Trading Down 2.1%

Shares of NASDAQ:CHEF traded down $1.39 during midday trading on Tuesday, hitting $64.93. 120,802 shares of the stock were exchanged, compared to its average volume of 433,604. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 42.97 and a beta of 1.74. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.27 and a current ratio of 2.05. The business's 50-day moving average price is $63.33 and its 200 day moving average price is $58.00. Chefs' Warehouse has a 12 month low of $35.59 and a 12 month high of $68.28.

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

Insider Activity

In other Chefs' Warehouse news, CAO Tim Mccauley sold 17,500 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the transaction, the chief accounting officer directly owned 52,050 shares in the company, valued at approximately $3,386,893.50. This represents a 25.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Chefs' Warehouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its position in 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 buying an additional 182 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Chefs' Warehouse in the 1st quarter valued at $37,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Chefs' Warehouse in the 1st quarter valued at $46,000. GAMMA Investing LLC raised its position in 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 buying an additional 335 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Chefs' Warehouse in the 1st quarter valued at $98,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

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.