Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $55.00

Chefs’ Warehouse (NASDAQ:CHEF) had its target price raised by BMO Capital Markets from $50.00 to $55.00 in a research report sent to investors on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Separately, Jefferies Financial Group increased their price objective 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Chefs’ Warehouse Price Performance

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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Chefs’ Warehouse by 39.6% during the second quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after buying an additional 258 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Chefs’ Warehouse by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $696,000 after acquiring an additional 300 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in Chefs’ Warehouse by 7.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock valued at $284,000 after acquiring an additional 481 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Chefs’ Warehouse by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 30,896 shares of the company’s stock worth $1,164,000 after purchasing an additional 543 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Chefs’ Warehouse by 1,089.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 632 shares in the last quarter. 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.