Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $60.00

Chefs’ Warehouse (NASDAQ:CHEF) had its target price increased by Lake Street Capital from $48.00 to $60.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on CHEF. Jefferies Financial Group lifted their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. 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 report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Chefs’ Warehouse has an average rating of “Moderate Buy” and a consensus target price of $53.40.

Chefs’ Warehouse Price Performance

Shares of NASDAQ:CHEF opened at $47.55 on Monday. The business’s 50 day moving average is $43.23 and its 200-day moving average is $41.15. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.88 billion, a PE ratio of 41.71 and a beta of 2.33. Chefs’ Warehouse has a 1-year low of $27.64 and a 1-year high of $49.78.

Insider Buying and Selling

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Alexandros Aldous sold 5,000 shares of the company’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 sale, the general counsel now owns 114,342 shares of the company’s stock, valued at $5,145,390. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Chefs’ Warehouse

Several hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in shares of Chefs’ Warehouse by 1,089.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 632 shares during the last quarter. Quarry LP bought a new stake in Chefs’ Warehouse in the second quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Chefs’ Warehouse in the second quarter valued at approximately $55,000. ORG Wealth Partners LLC acquired a new stake in Chefs’ Warehouse in the third quarter worth $130,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Chefs’ Warehouse during the second quarter worth $160,000. Institutional investors and hedge funds 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.