Ameriprise Financial Inc. Has $20.89 Million Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Ameriprise Financial Inc. boosted its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 49.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,528 shares of the company's stock after acquiring an additional 139,240 shares during the quarter. Ameriprise Financial Inc. owned about 1.07% of Chefs' Warehouse worth $20,888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHEF. Smartleaf Asset Management LLC raised its holdings in shares of Chefs' Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after purchasing an additional 446 shares in the last quarter. Swiss National Bank grew its position in Chefs' Warehouse by 0.9% in the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock worth $3,477,000 after buying an additional 600 shares during the last quarter. KBC Group NV increased its holdings in shares of Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after buying an additional 843 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Chefs' Warehouse by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 21,332 shares of the company's stock valued at $1,052,000 after buying an additional 1,101 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Chefs' Warehouse by 4.7% during the 4th quarter. Russell Investments Group Ltd. now owns 40,853 shares of the company's stock valued at $2,015,000 after acquiring an additional 1,825 shares during the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Down 0.5%

NASDAQ:CHEF traded down $0.31 during trading hours on Monday, hitting $64.80. 369,233 shares of the stock traded hands, compared to its average volume of 401,465. The firm has a 50 day moving average price of $55.03 and a 200 day moving average price of $52.63. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 49.47 and a beta of 1.76. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $66.51. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHEF shares. Lake Street Capital lifted their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Benchmark reiterated a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. UBS Group lifted their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets upped their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target 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.