Chefs’ Warehouse (NASDAQ:CHEF) Given New $73.00 Price Target at BMO Capital Markets

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective upped by BMO Capital Markets from $60.00 to $73.00 in a research report sent to investors on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on CHEF. Lake Street Capital increased their price target on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group increased their target price on Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group raised their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Benchmark upped their price target on shares of Chefs’ Warehouse from $55.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to 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 6.0 %

Shares of CHEF stock opened at $63.18 on Thursday. The stock has a fifty day moving average price of $51.59 and a 200 day moving average price of $44.63. The stock has a market cap of $2.50 billion, a P/E ratio of 55.42 and a beta of 2.29. Chefs’ Warehouse has a one year low of $31.96 and a one year high of $63.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.67% and a net margin of 1.28%. Analysts predict that Chefs’ Warehouse will post 1.43 earnings per share for the current year.

Insider Buying and Selling at Chefs’ Warehouse

In other news, CFO James Leddy sold 4,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total transaction of $195,400.00. Following the transaction, the chief financial officer now owns 145,589 shares of the company’s stock, valued at $7,112,022.65. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Alexandros Aldous sold 5,000 shares of Chefs’ Warehouse stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Chefs’ Warehouse

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Chefs’ Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after acquiring an additional 237 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Chefs’ Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock valued at $29,000 after purchasing an additional 446 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Chefs’ Warehouse by 7.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock worth $284,000 after purchasing an additional 481 shares during the last quarter. Swiss National Bank grew its stake in shares of Chefs’ Warehouse by 0.9% during the fourth quarter. Swiss National Bank now owns 70,500 shares of the company’s stock worth $3,477,000 after purchasing an additional 600 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in Chefs’ Warehouse by 1.6% in the third quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock valued at $1,754,000 after purchasing an additional 640 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.

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.