Chefs’ Warehouse Inc (NASDAQ:CHEF) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $32.55 and last traded at $32.02, with a volume of 3094 shares trading hands. The stock had previously closed at $31.15.

CHEF has been the subject of a number of recent research reports. BMO Capital Markets set a $34.00 price target on Chefs’ Warehouse and gave the company a “buy” rating in a research note on Thursday, August 2nd. TheStreet downgraded Chefs’ Warehouse from a “b” rating to a “c” rating in a research note on Friday, June 1st. Jefferies Financial Group set a $32.00 price target on Chefs’ Warehouse and gave the company a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research upgraded Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, August 3rd. Finally, Loop Capital restated a “buy” rating on shares of Chefs’ Warehouse in a research note on Thursday, August 2nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Chefs’ Warehouse has a consensus rating of “Buy” and an average target price of $30.33.

The company has a debt-to-equity ratio of 1.22, a current ratio of 2.59 and a quick ratio of 1.62. The stock has a market cap of $918.64 million, a price-to-earnings ratio of 69.66, a PEG ratio of 1.81 and a beta of 0.84.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Chefs’ Warehouse had a return on equity of 7.08% and a net margin of 1.44%. The firm had revenue of $370.44 million for the quarter, compared to analysts’ expectations of $360.14 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. analysts predict that Chefs’ Warehouse Inc will post 0.77 EPS for the current year.

In other news, insider Patricia Lecouras sold 12,000 shares of Chefs’ Warehouse stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $31.40, for a total transaction of $376,800.00. Following the transaction, the insider now directly owns 44,061 shares of the company’s stock, valued at approximately $1,383,515.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Chefs’ Warehouse by 37.8% in the 1st quarter. Royal Bank of Canada now owns 6,845 shares of the company’s stock worth $158,000 after purchasing an additional 1,879 shares in the last quarter. Barclays PLC lifted its holdings in Chefs’ Warehouse by 127.9% in the 1st quarter. Barclays PLC now owns 7,090 shares of the company’s stock worth $163,000 after purchasing an additional 3,979 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Chefs’ Warehouse in the 2nd quarter worth approximately $166,000. Envestnet Asset Management Inc. increased its stake in Chefs’ Warehouse by 206.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,559 shares of the company’s stock worth $197,000 after acquiring an additional 5,769 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Chefs’ Warehouse in the 2nd quarter worth approximately $203,000. 78.01% of the stock is currently owned by institutional investors.

About Chefs’ Warehouse (NASDAQ:CHEF)

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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