Benchmark Reiterates Buy Rating for Chefs’ Warehouse (NASDAQ:CHEF)

Chefs’ Warehouse (NASDAQ:CHEF)‘s stock had its “buy” rating restated by research analysts at Benchmark in a report released on Monday,Benzinga reports. They currently have a $68.00 price target on the stock. Benchmark’s price target would indicate a potential upside of 29.62% from the stock’s current price.

A number of other equities research analysts also recently weighed in on CHEF. BMO Capital Markets lifted their target price on Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Lake Street Capital raised their price target on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. UBS Group raised their price target on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group raised their price target on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Chefs’ Warehouse Stock Up 0.7 %

CHEF stock opened at $52.46 on Monday. Chefs’ Warehouse has a twelve month low of $31.96 and a twelve month high of $66.51. The company has a market cap of $2.11 billion, a PE ratio of 40.05 and a beta of 2.28. The business’s 50-day simple moving average is $56.57 and its 200 day simple moving average is $47.91. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. On average, research analysts anticipate that Chefs’ Warehouse will post 1.73 earnings per share for the current year.

Institutional Trading of Chefs’ Warehouse

A number of institutional investors have recently bought and sold shares of CHEF. Wellington Management Group LLP grew its holdings in shares of Chefs’ Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company’s stock valued at $120,618,000 after buying an additional 1,611,240 shares during the period. Pictet Asset Management Holding SA acquired a new position in shares of Chefs’ Warehouse in the 4th quarter valued at $20,374,000. TimesSquare Capital Management LLC acquired a new position in shares of Chefs’ Warehouse in the 4th quarter valued at $19,493,000. Cercano Management LLC acquired a new position in Chefs’ Warehouse in the 4th quarter worth $18,481,000. Finally, Bank of New York Mellon Corp boosted its stake in Chefs’ Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after purchasing an additional 278,295 shares during the period. 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.