The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Get Rating)’s stock price was up 8.7% on Friday after Benchmark raised their price target on the stock from $44.00 to $47.00. Benchmark currently has a buy rating on the stock. Chefs’ Warehouse traded as high as $38.32 and last traded at $38.29. Approximately 11,206 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 199,270 shares. The stock had previously closed at $35.24.
Several other equities research analysts have also recently issued reports on the stock. StockNews.com assumed coverage on shares of Chefs’ Warehouse in a research report on Thursday, March 31st. They set a “hold” rating on the stock. CL King raised their target price on shares of Chefs’ Warehouse from $34.00 to $38.00 in a report on Thursday, April 14th. BMO Capital Markets raised their target price on shares of Chefs’ Warehouse from $40.00 to $44.00 in a report on Thursday, April 28th. Finally, Lake Street Capital lifted their price objective on shares of Chefs’ Warehouse from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.
In other news, CFO James Leddy sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $39.00, for a total transaction of $39,000.00. Following the sale, the chief financial officer now owns 126,965 shares in the company, valued at $4,951,635. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its stake in shares of Chefs’ Warehouse by 49.7% during the 1st quarter. Captrust Financial Advisors now owns 2,252 shares of the company’s stock worth $73,000 after buying an additional 748 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Chefs’ Warehouse during the 4th quarter worth approximately $86,000. Nisa Investment Advisors LLC raised its stake in shares of Chefs’ Warehouse by 20.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,330 shares of the company’s stock worth $99,000 after buying an additional 570 shares during the period. KBC Group NV raised its stake in shares of Chefs’ Warehouse by 25.2% during the 1st quarter. KBC Group NV now owns 3,729 shares of the company’s stock worth $122,000 after buying an additional 751 shares during the period. Finally, Stephens Inc. AR acquired a new position in Chefs’ Warehouse in the 1st quarter valued at $160,000. Institutional investors and hedge funds own 84.43% of the company’s stock.
The company has a 50 day moving average of $35.13 and a 200 day moving average of $32.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.47 and a current ratio of 2.26. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 100.84 and a beta of 2.01.
Chefs’ Warehouse (NASDAQ:CHEF – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. Chefs’ Warehouse had a return on equity of 5.75% and a net margin of 0.73%. The business had revenue of $512.10 million during the quarter, compared to analysts’ expectations of $480.92 million. During the same period in the prior year, the business posted ($0.50) EPS. The company’s revenue was up 82.8% compared to the same quarter last year. On average, equities analysts predict that The Chefs’ Warehouse, Inc. will post 0.78 EPS for the current fiscal year.
About Chefs’ Warehouse (NASDAQ:CHEF)
The Chefs’ Warehouse, Inc, together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company’s product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
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