Chefs’ Warehouse (NASDAQ:CHEF) Given “Buy” Rating at Benchmark

Benchmark restated their buy rating on shares of Chefs’ Warehouse (NASDAQ:CHEF) in a report published on Monday,Benzinga reports. They currently have a $68.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. Lake Street Capital raised their target price on Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. UBS Group upped their target price on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group lifted their price target on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Chefs’ Warehouse Price Performance

Shares of CHEF stock opened at $52.33 on Monday. The firm’s 50 day moving average price is $56.70 and its two-hundred day moving average price is $48.08. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. Chefs’ Warehouse has a 52-week low of $31.96 and a 52-week high of $66.51. The stock has a market cap of $2.11 billion, a PE ratio of 39.95 and a beta of 2.28.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. As a group, analysts forecast that Chefs’ Warehouse will post 1.73 EPS for the current year.

Institutional Trading of Chefs’ Warehouse

A number of large investors have recently bought and sold shares of CHEF. Smartleaf Asset Management LLC boosted its holdings in shares of Chefs’ Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock valued at $29,000 after buying an additional 446 shares during the period. GAMMA Investing LLC lifted its position in Chefs’ Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after acquiring an additional 237 shares in the last quarter. KBC Group NV lifted its position in Chefs’ Warehouse by 67.1% in the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after acquiring an additional 843 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Chefs’ Warehouse in the 4th quarter worth $201,000. Finally, Envestnet Asset Management Inc. bought a new position in Chefs’ Warehouse during the 4th quarter worth about $224,000. 91.55% of the stock is owned by 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.