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

Key Points

• The Chefs' Warehouse, Inc. has received a consensus rating of "Buy" from eight analysts, with an average 12-month target price set at $69.67.
• Benchmark raised its target price for the stock from $68.00 to $79.00, and Zacks Research upgraded it to a "strong-buy" rating.
• Insiders own 11.90% of the company's stock, and notable recent transactions include a 17,500 shares sale by CAO Tim McCauley, reducing his ownership by 25.16%.

Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) have been given a consensus rating of "Buy" by the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $69.6667.

Several equities research analysts have issued reports on CHEF shares. Benchmark raised their target price on Chefs' Warehouse from $68.00 to $79.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Piper Sandler initiated coverage on Chefs' Warehouse in a research note on Wednesday, August 27th. They set a "neutral" rating and a $66.00 target price for the company. UBS Group lifted their price target on Chefs' Warehouse from $68.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Zacks Research upgraded Chefs' Warehouse from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th.

Insider Activity at Chefs' Warehouse

In other news, CAO Tim Mccauley sold 17,500 shares of Chefs' Warehouse stock in a transaction dated 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 sale, the chief accounting officer owned 52,050 shares in the company, valued at approximately $3,386,893.50. The trade was a 25.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On Chefs' Warehouse

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in Chefs' Warehouse by 30.7% in the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company's stock valued at $51,000 after acquiring an additional 188 shares during the period. Hudson Bay Capital Management LP purchased a new stake in shares of Chefs' Warehouse during the 2nd quarter worth approximately $5,600,000. Public Sector Pension Investment Board boosted its stake in shares of Chefs' Warehouse by 8.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 120,698 shares of the company's stock worth $7,702,000 after acquiring an additional 9,330 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Chefs' Warehouse by 478.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,351 shares of the company's stock worth $278,000 after acquiring an additional 3,599 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its stake in Chefs' Warehouse by 86.6% in the 2nd quarter. State of Tennessee Department of Treasury now owns 15,682 shares of the company's stock valued at $1,001,000 after buying an additional 7,279 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

NASDAQ:CHEF opened at $58.54 on Friday. Chefs' Warehouse has a one year low of $38.36 and a one year high of $68.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 2.01. The stock has a market cap of $2.39 billion, a PE ratio of 36.59 and a beta of 1.76. The stock has a 50 day moving average price of $63.74 and a 200 day moving average price of $60.68.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted 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. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.01 billion. Chefs' Warehouse had a return on equity of 13.60% and a net margin of 1.76%.The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Chefs' Warehouse has set its FY 2025 guidance at EPS. Equities research analysts expect that Chefs' Warehouse will post 1.73 EPS for the current fiscal year.

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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