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

Chefs’ Warehouse (NASDAQ:CHEF) had its target price hoisted by Jefferies Financial Group from $53.00 to $58.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on CHEF. BMO Capital Markets increased their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Lake Street Capital lifted their target price on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.40.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $47.55 on Monday. 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 firm has a 50-day moving average of $43.23 and a 200-day moving average of $41.15. Chefs’ Warehouse has a one year low of $27.64 and a one year high of $49.78. The company has a market cap of $1.88 billion, a P/E ratio of 41.71 and a beta of 2.33.

Insider Transactions at Chefs’ Warehouse

In related news, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse 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 completion of the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the general counsel now owns 114,342 shares in the company, valued at approximately $5,145,390. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CHEF. Nisa Investment Advisors LLC increased its position in shares of 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 during the period. Quarry LP purchased a new position in Chefs’ Warehouse during the second quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Chefs’ Warehouse during the 2nd quarter worth approximately $55,000. ORG Wealth Partners LLC purchased a new stake in Chefs’ Warehouse in the 3rd quarter worth approximately $130,000. Finally, Canada Pension Plan Investment Board bought a new position in Chefs’ Warehouse in the 2nd quarter valued at $160,000. Institutional investors own 91.55% of the company’s stock.

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.