The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Receives $69.67 Consensus Target Price from Brokerages

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $69.6667.

A number of equities analysts recently issued reports on the company. Benchmark increased their price objective on Chefs’ Warehouse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. UBS Group increased their price objective on Chefs’ Warehouse from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Chefs’ Warehouse in a report on Saturday, September 27th. Piper Sandler assumed coverage on Chefs’ Warehouse in a report on Wednesday, August 27th. They issued a “neutral” rating and a $66.00 price objective for the company. Finally, Zacks Research lowered Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th.

Chefs’ Warehouse Stock Up 0.5%

NASDAQ:CHEF opened at $55.44 on Friday. The firm has a market capitalization of $2.26 billion, a PE ratio of 34.65 and a beta of 1.75. The stock has a 50 day moving average of $63.02 and a 200-day moving average of $60.83. Chefs’ Warehouse has a 52 week low of $38.36 and a 52 week high of $68.94. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, July 30th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Chefs’ Warehouse had a return on equity of 13.60% and a net margin of 1.76%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. Chefs’ Warehouse has set its FY 2025 guidance at EPS. Analysts predict that Chefs’ Warehouse will post 1.73 EPS for the current year.

Insiders Place Their Bets

In other Chefs’ Warehouse news, CAO Tim Mccauley sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.07, for a total value of $1,138,725.00. Following the completion of the sale, the chief accounting officer directly owned 52,050 shares in the company, valued at $3,386,893.50. This represents a 25.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of institutional investors have recently added to or reduced their stakes in CHEF. CWM LLC lifted its position in Chefs’ Warehouse by 50.6% in the first quarter. CWM LLC now owns 542 shares of the company’s stock worth $30,000 after purchasing an additional 182 shares during the period. Center for Financial Planning Inc. acquired a new stake in Chefs’ Warehouse in the second quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Chefs’ Warehouse in the first quarter worth approximately $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Chefs’ Warehouse in the first quarter worth approximately $46,000. Finally, Osaic Holdings Inc. lifted its position in Chefs’ Warehouse by 30.7% in the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares during the period. 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.