The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $71.88 Consensus PT from Analysts

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $71.8750.

A number of research firms have recently issued reports on CHEF. Benchmark reiterated a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday, October 23rd. BTIG Research reiterated a “buy” rating and issued a $74.00 price target on shares of Chefs’ Warehouse in a research note on Tuesday, October 21st. Weiss Ratings downgraded shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. UBS Group raised their price objective on Chefs’ Warehouse from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Wall Street Zen lowered Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Friday, October 3rd.

Insider Activity

In other news, CFO James Leddy sold 22,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $62.11, for a total value of $1,366,420.00. Following the completion of the sale, the chief financial officer owned 125,892 shares of the company’s stock, valued at approximately $7,819,152.12. This represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Chefs’ Warehouse

A number of large investors have recently added to or reduced their stakes in CHEF. CWM LLC grew its position in shares of Chefs’ Warehouse by 50.6% in the 1st quarter. CWM LLC now owns 542 shares of the company’s stock valued at $30,000 after acquiring an additional 182 shares during the period. Verdence Capital Advisors LLC lifted its stake in Chefs’ Warehouse by 12.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 7,642 shares of the company’s stock valued at $416,000 after purchasing an additional 833 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Chefs’ Warehouse by 196.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 30,816 shares of the company’s stock worth $1,678,000 after purchasing an additional 20,404 shares during the period. Allianz Asset Management GmbH acquired a new position in Chefs’ Warehouse during the first quarter worth approximately $594,000. Finally, Legato Capital Management LLC bought a new stake in Chefs’ Warehouse in the first quarter valued at approximately $789,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

Shares of Chefs’ Warehouse stock opened at $57.96 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.14 and a quick ratio of 1.19. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 34.09 and a beta of 1.73. The stock’s 50-day moving average is $59.98 and its 200-day moving average is $62.24. Chefs’ Warehouse has a one year low of $41.30 and a one year high of $68.94.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.36 million. Chefs’ Warehouse had a return on equity of 14.11% and a net margin of 1.85%.Chefs’ Warehouse’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. Chefs’ Warehouse has set its FY 2025 guidance at EPS. Equities analysts predict that Chefs’ Warehouse will post 1.73 earnings per share for the current fiscal year.

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.