Chefs’ Warehouse (NASDAQ:CHEF) PT Raised to $48.00

Chefs’ Warehouse (NASDAQ:CHEFGet Rating) had its price objective hoisted by equities research analysts at Lake Street Capital from $45.00 to $48.00 in a report issued on Thursday, The Fly reports. Lake Street Capital’s target price points to a potential upside of 38.57% from the company’s current price.

CHEF has been the topic of a number of other reports. BMO Capital Markets raised their price target on Chefs’ Warehouse from $40.00 to $44.00 in a report on Thursday, April 28th. CL King raised their price target on Chefs’ Warehouse from $34.00 to $38.00 in a report on Thursday, April 14th. Finally, StockNews.com started coverage on Chefs’ Warehouse in a report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and a consensus price target of $41.80.

Shares of NASDAQ:CHEF opened at $34.64 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.26 and a debt-to-equity ratio of 1.11. Chefs’ Warehouse has a 52-week low of $25.60 and a 52-week high of $39.03. The company has a 50 day moving average of $35.09 and a two-hundred day moving average of $32.86. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 91.16 and a beta of 2.01.

Chefs’ Warehouse (NASDAQ:CHEFGet Rating) last released its earnings results on Wednesday, April 27th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.03 by $0.07. Chefs’ Warehouse had a return on equity of 5.75% and a net margin of 0.73%. The company had revenue of $512.10 million during the quarter, compared to analysts’ expectations of $480.92 million. During the same period in the prior year, the business posted ($0.50) EPS. The business’s revenue was up 82.8% on a year-over-year basis. On average, equities analysts anticipate that Chefs’ Warehouse will post 0.78 earnings per share for the current year.

In other Chefs’ Warehouse news, CFO James Leddy sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $39.00, for a total transaction of $39,000.00. Following the completion of the sale, the chief financial officer now directly owns 126,965 shares in the company, valued at approximately $4,951,635. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. raised its stake in shares of Chefs’ Warehouse by 15.3% in the 4th quarter. Alliancebernstein L.P. now owns 2,823,187 shares of the company’s stock valued at $94,012,000 after acquiring an additional 375,397 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Chefs’ Warehouse by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 2,446,722 shares of the company’s stock valued at $79,764,000 after acquiring an additional 97,371 shares in the last quarter. State Street Corp raised its stake in shares of Chefs’ Warehouse by 3.6% in the 1st quarter. State Street Corp now owns 1,175,236 shares of the company’s stock valued at $38,313,000 after acquiring an additional 40,333 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Chefs’ Warehouse by 1.6% in the 1st quarter. Stephens Investment Management Group LLC now owns 868,556 shares of the company’s stock valued at $28,315,000 after acquiring an additional 13,579 shares in the last quarter. Finally, Eaton Vance Management raised its stake in shares of Chefs’ Warehouse by 23.6% in the 1st quarter. Eaton Vance Management now owns 789,320 shares of the company’s stock valued at $25,732,000 after acquiring an additional 150,810 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Chefs’ Warehouse Company Profile (Get Rating)

The Chefs' Warehouse, Inc, together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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