The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Stock Has Consensus Price Target of $120.17 According to Analysts

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $120.17.

A number of research analysts recently issued reports on CHEF shares. TD Cowen lifted their price target on shares of Chefs’ Warehouse from $123.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Wall Street Zen raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Zacks Research downgraded Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. BTIG Research lifted their target price on shares of Chefs’ Warehouse from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Benchmark boosted their target price on Chefs’ Warehouse from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, July 30th.

Chefs’ Warehouse Price Performance

Shares of NASDAQ CHEF opened at $103.77 on Monday. The company has a market cap of $4.51 billion, a PE ratio of 44.54 and a beta of 1.47. The stock has a fifty day moving average price of $109.92 and a 200 day moving average price of $87.83. Chefs’ Warehouse has a 1-year low of $56.46 and a 1-year high of $118.51. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.21 and a quick ratio of 1.35.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. Chefs’ Warehouse had a net margin of 2.27% and a return on equity of 17.48%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. Sell-side analysts forecast that Chefs’ Warehouse will post 2.57 EPS for the current year.

Insiders Place Their Bets

In other news, insider Christina Polychroni sold 2,752 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $112.00, for a total value of $308,224.00. Following the sale, the insider directly owned 22,014 shares in the company, valued at $2,465,568. The trade was a 11.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher Pappas sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $110.11, for a total value of $11,011,000.00. Following the completion of the sale, the chief executive officer owned 2,105,480 shares in the company, valued at approximately $231,834,402.80. This represents a 4.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 137,752 shares of company stock valued at $15,203,174. Company insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Chefs’ Warehouse during the 2nd quarter valued at $34,000. Global Retirement Partners LLC bought a new stake in Chefs’ Warehouse in the second quarter worth about $48,000. Reyes Financial Architecture Inc. purchased a new stake in Chefs’ Warehouse in the third quarter valued at approximately $49,000. Fortitude Family Office LLC grew its holdings in shares of Chefs’ Warehouse by 75.0% during the 3rd quarter. Fortitude Family Office LLC now owns 448 shares of the company’s stock worth $50,000 after purchasing an additional 192 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Chefs’ Warehouse in the 3rd quarter valued at approximately $54,000. Institutional investors own 91.55% of the company’s stock.

About Chefs’ Warehouse

Chefs’ Warehouse, Inc is a specialty food distributor serving professional chefs, restaurants, hotels, caterers, culinary institutions and other foodservice customers. The company supplies a broad range of products, including fresh produce, seafood, meat, poultry, dairy, specialty and imported foods, center-of-the-plate items, dry goods, and other ingredients used in commercial kitchens.

Founded in 1985, Chefs’ Warehouse has expanded from a regional distributor into a North American foodservice platform.