The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $47.60 Consensus Target Price from Analysts

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Get Rating) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $47.60.

Separately, StockNews.com initiated coverage on shares of Chefs’ Warehouse in a research report on Thursday, May 18th. They set a “sell” rating for the company.

Chefs’ Warehouse Stock Down 2.0 %

CHEF stock opened at $32.37 on Friday. Chefs’ Warehouse has a 1-year low of $28.70 and a 1-year high of $42.16. The business’s 50 day simple moving average is $33.32 and its 200 day simple moving average is $34.99. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $1.28 billion, a PE ratio of 46.24 and a beta of 1.85.

Chefs’ Warehouse (NASDAQ:CHEF – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $719.60 million for the quarter, compared to the consensus estimate of $636.12 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 15.48%. The company’s quarterly revenue was up 40.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. As a group, research analysts anticipate that Chefs’ Warehouse will post 1.65 EPS for the current year.

Insider Activity

In other Chefs’ Warehouse news, Director Katherine Oliver bought 982 shares of the stock in a transaction dated Monday, March 13th. The shares were bought at an average cost of $30.54 per share, with a total value of $29,990.28. Following the completion of the acquisition, the director now owns 32,334 shares of the company’s stock, valued at $987,480.36. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of large investors have recently modified their holdings of CHEF. Robeco Institutional Asset Management B.V. acquired a new position in Chefs’ Warehouse during the 1st quarter worth approximately $40,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Chefs’ Warehouse during the fourth quarter worth $44,000. Point72 Middle East FZE acquired a new position in shares of Chefs’ Warehouse during the fourth quarter worth $63,000. Captrust Financial Advisors lifted its stake in shares of Chefs’ Warehouse by 49.7% in the 1st quarter. Captrust Financial Advisors now owns 2,252 shares of the company’s stock valued at $73,000 after acquiring an additional 748 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Chefs’ Warehouse during the 1st quarter valued at $78,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Chefs’ Warehouse Company Profile

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The Chefs’ Warehouse, Inc engages in the distribution of specialty food products. It operates through Food Product Distribution segment. The Food Product Distribution segment operates primarily in the United States. The company was founded by Christopher Pappas and John D. Pappas in 1985 and is headquartered in Ridgefield, CT.