BidaskClub upgraded shares of Chefs’ Warehouse (NASDAQ:CHEF) from a hold rating to a buy rating in a research report released on Wednesday, January 16th.
CHEF has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Chefs’ Warehouse from a buy rating to a hold rating in a report on Thursday, January 3rd. Loop Capital boosted their price target on shares of Chefs’ Warehouse to $39.00 and gave the company a positive rating in a report on Wednesday, October 24th. Jefferies Financial Group downgraded shares of Chefs’ Warehouse from a buy rating to a hold rating in a report on Wednesday, September 26th. Finally, BMO Capital Markets downgraded shares of Chefs’ Warehouse from an outperform rating to a market perform rating and boosted their price target for the company from $34.00 to $38.00 in a report on Monday, October 1st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $32.67.
Chefs’ Warehouse stock traded up $0.67 during mid-day trading on Wednesday, reaching $34.49. The company’s stock had a trading volume of 74,642 shares, compared to its average volume of 154,364. The company has a market cap of $1.03 billion, a PE ratio of 78.39, a P/E/G ratio of 1.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.71 and a quick ratio of 1.77. Chefs’ Warehouse has a twelve month low of $18.90 and a twelve month high of $39.26.
In related news, Director John A. Couri sold 9,000 shares of the company’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $36.01, for a total value of $324,090.00. Following the completion of the sale, the director now owns 16,007 shares of the company’s stock, valued at $576,412.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.60% of the company’s stock.
Institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd bought a new stake in Chefs’ Warehouse in the second quarter worth about $212,000. Hennessy Advisors Inc. acquired a new stake in Chefs’ Warehouse during the 3rd quarter worth about $4,344,000. Wells Fargo & Company MN raised its holdings in Chefs’ Warehouse by 55.8% during the 3rd quarter. Wells Fargo & Company MN now owns 777,670 shares of the company’s stock worth $28,268,000 after buying an additional 278,390 shares during the period. Renaissance Technologies LLC raised its holdings in Chefs’ Warehouse by 33.9% during the 2nd quarter. Renaissance Technologies LLC now owns 322,900 shares of the company’s stock worth $9,203,000 after buying an additional 81,700 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Chefs’ Warehouse by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,506,053 shares of the company’s stock worth $54,746,000 after buying an additional 32,378 shares during the period. Hedge funds and other institutional investors own 76.97% of the company’s stock.
About Chefs’ Warehouse
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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