The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has received a consensus rating of "Moderate Buy" from analysts, with three holding and six recommending buy ratings.
• UBS Group recently increased their price target on CHEF stock from $68.00 to $72.00 while maintaining a buy rating, while BTIG Research set a price target of $74.00.
• The company's most recent earnings report showed $0.52 earnings per share, exceeding the estimated $0.45, and revenue of $1.03 billion, which is an 8.4% increase compared to the same period last year.

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $70.2857.

A number of equities research analysts have weighed in on CHEF shares. Weiss Ratings cut shares of Chefs' Warehouse from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Piper Sandler began coverage on shares of Chefs' Warehouse in a research note on Wednesday, August 27th. They set a "neutral" rating and a $66.00 price target on the stock. Wall Street Zen cut shares of Chefs' Warehouse from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. UBS Group raised their price objective on shares of Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, BTIG Research reiterated a "buy" rating and issued a $74.00 price target on shares of Chefs' Warehouse in a research note on Tuesday.

Chefs' Warehouse Trading Up 0.3%

Shares of CHEF stock opened at $59.81 on Thursday. The company's fifty day simple moving average is $61.17 and its two-hundred day simple moving average is $61.16. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.01 and a quick ratio of 1.17. Chefs' Warehouse has a 1 year low of $38.65 and a 1 year high of $68.94. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 37.38 and a beta of 1.75.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.52 earnings per share (EPS) 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 period in the previous year, the business earned $0.40 earnings per share. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. Chefs' Warehouse has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Chefs' Warehouse will post 1.73 earnings per share for the current year.

Institutional Trading of Chefs' Warehouse

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC lifted its stake 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 acquiring an additional 182 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in shares of Chefs' Warehouse during the 2nd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Chefs' Warehouse during the 1st quarter worth approximately $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Chefs' Warehouse during the 1st quarter worth approximately $46,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Chefs' Warehouse by 30.7% during the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company's stock worth $51,000 after acquiring an additional 188 shares during 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.

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