Chefs’ Warehouse (NASDAQ:CHEF) Hits New 12-Month High – Time to Buy?

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) reached a new 52-week high on Tuesday . The company traded as high as $53.53 and last traded at $53.85, with a volume of 22860 shares trading hands. The stock had previously closed at $52.95.

Analyst Ratings Changes

Several research firms have commented on CHEF. Jefferies Financial Group boosted their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets upped their price target on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Lake Street Capital increased their price objective on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chefs’ Warehouse presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

Chefs’ Warehouse Stock Up 2.0 %

The stock has a market cap of $2.14 billion, a PE ratio of 47.33 and a beta of 2.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The company has a 50 day moving average price of $47.50 and a two-hundred day moving average price of $42.94.

Insiders Place Their Bets

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the general counsel now directly owns 114,342 shares in the company, valued at approximately $5,145,390. The trade was a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Leddy sold 4,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.90% of the stock is owned by insiders.

Institutional Trading of Chefs’ Warehouse

A number of hedge funds and other institutional investors have recently bought and sold shares of CHEF. Quarry LP bought a new position in shares of Chefs’ Warehouse in the second quarter worth approximately $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Chefs’ Warehouse in the second quarter worth about $55,000. GAMMA Investing LLC raised its holdings in shares of Chefs’ Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after acquiring an additional 237 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Chefs’ Warehouse in the third quarter valued at $130,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth about $160,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

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.