Brokerages Set Chefs’ Warehouse Inc (CHEF) Target Price at $32.75

Shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) have received a consensus recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $32.75.

Several research firms have commented on CHEF. BidaskClub upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, November 17th. Loop Capital reiterated a “buy” rating and set a $39.00 price target on shares of Chefs’ Warehouse in a report on Friday, November 2nd. Finally, Zacks Investment Research cut shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd.

NASDAQ CHEF opened at $34.42 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 2.71 and a debt-to-equity ratio of 0.94. Chefs’ Warehouse has a 52 week low of $18.90 and a 52 week high of $39.26. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 78.23, a PEG ratio of 1.78 and a beta of 0.80.

In other news, Director John A. Couri sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $36.01, for a total transaction of $324,090.00. Following the completion of the sale, the director now owns 16,007 shares in the company, valued at approximately $576,412.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.60% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. AGF Investments Inc. lifted its position in shares of Chefs’ Warehouse by 26.4% during the 4th quarter. AGF Investments Inc. now owns 215,600 shares of the company’s stock worth $6,895,000 after buying an additional 45,000 shares during the last quarter. BlackRock Inc. lifted its position in shares of Chefs’ Warehouse by 57.5% during the 4th quarter. BlackRock Inc. now owns 3,425,470 shares of the company’s stock worth $109,546,000 after buying an additional 1,250,763 shares during the last quarter. 361 Capital LLC lifted its position in shares of Chefs’ Warehouse by 22.7% during the 4th quarter. 361 Capital LLC now owns 73,170 shares of the company’s stock worth $2,340,000 after buying an additional 13,538 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Chefs’ Warehouse by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,812 shares of the company’s stock worth $346,000 after buying an additional 460 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Chefs’ Warehouse during the 4th quarter worth approximately $1,208,000. Institutional investors and hedge funds own 77.80% of the company’s stock.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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Analyst Recommendations for Chefs` Warehouse (NASDAQ:CHEF)

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