BMO Capital Markets Increases Chefs’ Warehouse (NASDAQ:CHEF) Price Target to $55.00

Chefs’ Warehouse (NASDAQ:CHEF) had its target price lifted by equities research analysts at BMO Capital Markets from $50.00 to $55.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 37.71% from the stock’s current price.

Separately, Jefferies Financial Group increased their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Chefs’ Warehouse Price Performance

Shares of NASDAQ CHEF opened at $39.94 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.08. The firm has a market capitalization of $1.59 billion, a PE ratio of 35.04 and a beta of 2.32. Chefs’ Warehouse has a 1-year low of $21.87 and a 1-year high of $44.58. The business’s fifty day moving average price is $40.70 and its two-hundred day moving average price is $39.27.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $931.45 million for the quarter, compared to analysts’ expectations of $934.29 million. Chefs’ Warehouse had a net margin of 1.28% and a return on equity of 12.67%. On average, research analysts expect that Chefs’ Warehouse will post 1.43 EPS for the current year.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 632 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Chefs’ Warehouse by 39.6% in the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock valued at $36,000 after acquiring an additional 258 shares in the last quarter. Quarry LP acquired a new position in Chefs’ Warehouse in the 2nd quarter worth approximately $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Chefs’ Warehouse during the 2nd quarter worth approximately $55,000. Finally, ORG Partners LLC acquired a new stake in Chefs’ Warehouse during the 2nd quarter valued at $122,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

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.