Analysts Set The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) PT at $74.71

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $74.7143.

A number of brokerages recently commented on CHEF. Morgan Stanley assumed coverage on shares of Chefs’ Warehouse in a research report on Monday, October 27th. They issued an “overweight” rating and a $75.00 target price on the stock. UBS Group lifted their price objective on Chefs’ Warehouse from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Chefs’ Warehouse in a report on Wednesday, January 21st. BTIG Research restated a “buy” rating and set a $74.00 price target on shares of Chefs’ Warehouse in a research report on Tuesday, October 21st. Finally, Benchmark boosted their price objective on Chefs’ Warehouse from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, January 29th.

Institutional Investors Weigh In On Chefs’ Warehouse

Institutional investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Chefs’ Warehouse by 29.7% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,300 shares of the company’s stock valued at $517,000 after acquiring an additional 1,900 shares during the period. Keybank National Association OH increased its holdings in Chefs’ Warehouse by 8.7% during the 4th quarter. Keybank National Association OH now owns 16,961 shares of the company’s stock valued at $1,057,000 after purchasing an additional 1,355 shares during the period. Pictet Asset Management Holding SA increased its holdings in Chefs’ Warehouse by 1.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 402,095 shares of the company’s stock valued at $25,063,000 after purchasing an additional 6,560 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in Chefs’ Warehouse by 4.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 39,958 shares of the company’s stock valued at $2,492,000 after purchasing an additional 1,552 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Chefs’ Warehouse by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,807,801 shares of the company’s stock worth $175,010,000 after buying an additional 58,154 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF opened at $63.60 on Friday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 37.41 and a beta of 1.30. The business has a 50 day moving average of $62.49 and a 200 day moving average of $61.87. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.14 and a quick ratio of 1.19. Chefs’ Warehouse has a 1-year low of $45.00 and a 1-year high of $68.94.

Chefs’ Warehouse Company Profile

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.