Chefs’ Warehouse (NASDAQ:CHEF) Rating Reiterated by Benchmark

Chefs’ Warehouse (NASDAQ:CHEF)‘s stock had its “buy” rating restated by Benchmark in a report released on Thursday, Benzinga reports. They currently have a $50.00 target price on the stock. Benchmark’s price objective points to a potential upside of 32.35% from the company’s previous close.

A number of other analysts also recently weighed in on CHEF. BMO Capital Markets raised their price target on shares of Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group boosted their target price on shares of Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th.

Chefs’ Warehouse Stock Up 2.3 %

CHEF traded up $0.84 during trading hours on Thursday, reaching $37.78. 371,895 shares of the stock traded hands, compared to its average volume of 350,811. Chefs’ Warehouse has a fifty-two week low of $17.29 and a fifty-two week high of $39.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.92 and a quick ratio of 1.16. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 43.43 and a beta of 2.22. The firm’s fifty day simple moving average is $35.81 and its two-hundred day simple moving average is $30.86.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, May 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $874.50 million for the quarter, compared to analyst estimates of $833.25 million. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 0.98%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. As a group, analysts forecast that Chefs’ Warehouse will post 1.32 earnings per share for the current fiscal year.

Institutional Trading of Chefs’ Warehouse

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Chefs’ Warehouse by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,637,296 shares of the company’s stock valued at $55,858,000 after purchasing an additional 15,970 shares during the period. Jennison Associates LLC grew its position in shares of Chefs’ Warehouse by 0.7% during the third quarter. Jennison Associates LLC now owns 1,399,498 shares of the company’s stock worth $29,641,000 after acquiring an additional 10,036 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Chefs’ Warehouse by 17.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,046,940 shares of the company’s stock worth $30,811,000 after acquiring an additional 151,846 shares during the period. Schroder Investment Management Group lifted its position in Chefs’ Warehouse by 6.3% in the 4th quarter. Schroder Investment Management Group now owns 1,011,305 shares of the company’s stock valued at $29,763,000 after purchasing an additional 60,154 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Chefs’ Warehouse by 19.4% during the 3rd quarter. Federated Hermes Inc. now owns 801,290 shares of the company’s stock valued at $16,971,000 after purchasing an additional 130,457 shares during the period. 91.55% of the stock is 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.