Chefs’ Warehouse (NASDAQ:CHEF) Sets New 52-Week High at $39.14

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $39.14 and last traded at $38.50, with a volume of 183654 shares changing hands. The stock had previously closed at $37.73.

Analysts Set New Price Targets

CHEF has been the topic of several research reports. StockNews.com upgraded shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. BMO Capital Markets increased their price target on shares of Chefs’ Warehouse from $35.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Benchmark reaffirmed a “buy” rating and set a $50.00 price objective on shares of Chefs’ Warehouse in a report on Thursday, May 2nd. Finally, UBS Group lifted their target price on Chefs’ Warehouse from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 15th.

Chefs’ Warehouse Stock Performance

The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.17 and a current ratio of 1.92. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 44.32 and a beta of 2.22. The firm’s 50-day moving average price is $35.83 and its 200 day moving average price is $31.14.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, May 1st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $874.50 million during the quarter, compared to analyst estimates of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. On average, sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.37 EPS for the current year.

Institutional Trading of Chefs’ Warehouse

Institutional investors and hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund Corp grew its holdings in Chefs’ Warehouse by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 30,896 shares of the company’s stock valued at $1,164,000 after purchasing an additional 543 shares during the period. Jennison Associates LLC boosted its position in shares of Chefs’ Warehouse by 2.2% during the first quarter. Jennison Associates LLC now owns 760,352 shares of the company’s stock worth $28,635,000 after purchasing an additional 16,104 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Chefs’ Warehouse during the first quarter worth $229,000. Verdence Capital Advisors LLC acquired a new position in shares of Chefs’ Warehouse in the 1st quarter valued at $232,000. Finally, Penn Capital Management Company LLC bought a new stake in shares of Chefs’ Warehouse in the 4th quarter valued at $12,495,000. 91.55% of the stock is owned by institutional investors.

About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.