Chefs’ Warehouse (NASDAQ:CHEF) Hits New 1-Year High at $39.14

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.14 and last traded at $38.50, with a volume of 183654 shares trading hands. The stock had previously closed at $37.73.

Analyst Ratings Changes

A number of equities analysts have recently commented on CHEF shares. UBS Group lifted their price target on shares of Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. BMO Capital Markets upped their price target on Chefs’ Warehouse from $35.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of Chefs’ Warehouse in a research report on Thursday, May 2nd. Finally, StockNews.com upgraded Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd.

Chefs’ Warehouse Trading Up 2.7 %

The company has a debt-to-equity ratio of 1.49, a current ratio of 1.92 and a quick ratio of 1.17. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 44.32 and a beta of 2.22. The firm’s fifty day moving average is $35.83 and its 200-day moving average is $31.14.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 0.98%. The company had revenue of $874.50 million for the quarter, compared to the consensus estimate of $833.25 million. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. Equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.37 earnings per share for the current year.

Institutional Trading of Chefs’ Warehouse

Large investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC acquired a new position in shares of Chefs’ Warehouse during the 1st quarter valued at $229,000. Verdence Capital Advisors LLC bought a new position in shares of Chefs’ Warehouse during the 1st quarter worth about $232,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Chefs’ Warehouse by 32.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,984 shares of the company’s stock valued at $148,000 after buying an additional 1,713 shares during the period. Everence Capital Management Inc. bought a new stake in Chefs’ Warehouse in the 4th quarter valued at about $245,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Chefs’ Warehouse in the 3rd quarter valued at about $223,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

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.