Chefs’ Warehouse’s (CHEF) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Chefs’ Warehouse (NASDAQ:CHEF) in a research note published on Monday,Benzinga reports. They currently have a $68.00 price objective on the stock.

Several other equities research analysts have also weighed in on the stock. BMO Capital Markets upped their target price on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group upped their price objective on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Lake Street Capital raised their price objective on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, UBS Group boosted their target price on Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Chefs’ Warehouse Stock Up 0.6 %

Shares of CHEF stock opened at $52.33 on Monday. The stock has a market cap of $2.11 billion, a P/E ratio of 39.95 and a beta of 2.28. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The stock has a fifty day moving average price of $56.70 and a 200 day moving average price of $48.08. Chefs’ Warehouse has a one year low of $31.96 and a one year high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Chefs’ Warehouse had a net margin of 1.46% and a return on equity of 12.90%. Analysts predict that Chefs’ Warehouse will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of institutional investors have recently modified their holdings of the stock. Repertoire Partners LP acquired a new stake in shares of Chefs’ Warehouse in the third quarter valued at approximately $1,461,000. Bank of New York Mellon Corp boosted its position in Chefs’ Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock valued at $25,293,000 after buying an additional 278,295 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Chefs’ Warehouse in the 3rd quarter valued at $571,000. FMR LLC increased its stake in shares of Chefs’ Warehouse by 95.0% in the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after buying an additional 2,870 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Chefs’ Warehouse during the fourth quarter worth $589,000. 91.55% of the stock is owned by institutional investors.

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.