Chefs’ Warehouse (NASDAQ:CHEF) Stock Price Expected to Rise, UBS Group Analyst Says

Chefs’ Warehouse (NASDAQ:CHEF) had its target price hoisted by investment analysts at UBS Group from $60.00 to $69.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 5.67% from the stock’s current price.

A number of other analysts have also weighed in on CHEF. Lake Street Capital upped their target price on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets raised their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group raised their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and an average price target of $67.60.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF opened at $65.30 on Thursday. The company has a fifty day simple moving average of $51.94 and a two-hundred day simple moving average of $44.80. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 57.28 and a beta of 2.29. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. Chefs’ Warehouse has a 52 week low of $31.96 and a 52 week high of $65.43.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a net margin of 1.28% and a return on equity of 12.67%. As a group, equities analysts anticipate that Chefs’ Warehouse will post 1.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 145,589 shares in the company, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of Chefs’ Warehouse 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 transaction, the general counsel now directly owns 114,342 shares in the company, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Greenhouse Funds LLLP raised its holdings in shares of Chefs’ Warehouse by 3.3% in the fourth quarter. Greenhouse Funds LLLP now owns 2,452,981 shares of the company’s stock valued at $120,981,000 after buying an additional 77,894 shares during the last quarter. Wellington Management Group LLP increased its position in Chefs’ Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company’s stock valued at $120,618,000 after acquiring an additional 1,611,240 shares during the period. Kennedy Capital Management LLC raised its stake in Chefs’ Warehouse by 25.0% during the 4th quarter. Kennedy Capital Management LLC now owns 754,637 shares of the company’s stock valued at $37,219,000 after acquiring an additional 151,159 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Chefs’ Warehouse by 118.7% during the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after acquiring an additional 278,295 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Chefs’ Warehouse by 1.2% in the third quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock valued at $21,106,000 after purchasing an additional 6,070 shares during the period. 91.55% of the stock is owned by hedge funds and other 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.