Algert Global LLC Boosts Stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Algert Global LLC lifted its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 45.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,683 shares of the company's stock after buying an additional 38,541 shares during the period. Algert Global LLC owned approximately 0.31% of Chefs' Warehouse worth $6,051,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after purchasing an additional 446 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Chefs' Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after purchasing an additional 237 shares during the period. KBC Group NV boosted its holdings in shares of Chefs' Warehouse by 67.1% in the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after buying an additional 843 shares during the last quarter. Hsbc Holdings PLC bought a new position in Chefs' Warehouse during the fourth quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Chefs' Warehouse during the fourth quarter worth about $224,000. 91.55% of the stock is owned by institutional investors.

Chefs' Warehouse Trading Up 1.4 %

NASDAQ:CHEF opened at $60.75 on Tuesday. The company has a market cap of $2.47 billion, a P/E ratio of 46.37 and a beta of 1.76. The Chefs' Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $66.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The stock's fifty day moving average price is $54.41 and its two-hundred day moving average price is $51.22.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The business had revenue of $950.75 million during the quarter, compared to analyst estimates of $927.34 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company's quarterly revenue was up 8.7% compared to the same quarter last year. As a group, analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. Jefferies Financial Group raised their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. UBS Group upped their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. BMO Capital Markets lifted their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Lake Street Capital boosted their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $67.40.

Chefs' Warehouse Company Profile

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.

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