In yesterday’s Wall Street session, The Chefs’ Warehouse Inc. (NASDAQ:CHEF) shares traded at $32.01, down -0.12% from the previous session.
As of this writing, 7 analysts cover The Chefs’ Warehouse Inc. (NASDAQ:CHEF). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $39.00, we find $48.00. Given the previous closing price of $32.05, this indicates a potential upside of 49.77 percent. CHEF stock price is now -10.12% away from the 50-day moving average and -8.92% away from the 200-day moving average. The market capitalization of the company currently stands at $1.28B.
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There are 0 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $47.71 as their price target over the next twelve months.
With the price target maintained at $43, Jefferies recently Upgraded its rating from Hold to Buy for The Chefs’ Warehouse Inc. (NASDAQ: CHEF). On December 17, 2021, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $41, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Cugine Joseph M., Director bought 1,000 shares of the company’s stock on Mar 13. The stock was bought for $30,400 at an average price of $30.40. Upon completion of the transaction, the Director now directly owns 39,978 shares in the company, valued at $1.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, Director OLIVER KATHERINE bought 982 shares of the business’s stock. A total of $29,990 was incurred on buying the stock at an average price of $30.54. This leaves the insider owning 32,334 shares of the company worth $1.04 million. Insiders disposed of 21,602 shares of company stock worth roughly $0.69 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHEF stock. A new stake in The Chefs’ Warehouse Inc. shares was purchased by INTRINSIC EDGE CAPITAL MANAGEMENT LLC during the first quarter worth $9,621,000. PUTNAM INVESTMENTS LLC invested $4,339,000 in shares of CHEF during the first quarter. In the first quarter, SG CAPITAL MANAGEMENT LLC acquired a new stake in The Chefs’ Warehouse Inc. valued at approximately $3,485,000. FIRST TRUST ADVISORS LP acquired a new stake in CHEF for approximately $3,360,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in CHEF valued at around $2,952,000 in the second quarter. In total, there are 263 active investors with 89.40% ownership of the company’s stock.
Thursday morning saw The Chefs’ Warehouse Inc. (NASDAQ: CHEF) opened at $31.61. During the past 12 months, The Chefs’ Warehouse Inc. has had a low of $28.38 and a high of $42.16. As of last week, the company has a debt-to-equity ratio of 1.66, a current ratio of 2.50, and a quick ratio of 1.70. The fifty day moving average price for CHEF is $35.61 and a two-hundred day moving average price translates $35.15 for the stock.
The latest earnings results from The Chefs’ Warehouse Inc. (NASDAQ: CHEF) was released for Sep, 2022. According to the Food Distribution Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.28 by 0.13. This compares to $0.24 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 7.30% for CHEF. The company reported revenue of $791.34 million for the quarter, compared to $558.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.75 percent. For the current quarter, analysts expect CHEF to generate $736.25M in revenue.
The Chefs’ Warehouse Inc.(CHEF) Company Profile
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. It also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour. The company serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. It markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform. The company was founded in 1985 and is headquartered in Ridgefield, Connecticut.
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