Ameriprise Financial Inc. Acquires 139,240 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Ameriprise Financial Inc. grew its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 49.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,528 shares of the company's stock after purchasing an additional 139,240 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.07% of Chefs' Warehouse worth $20,888,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CHEF. Wellington Management Group LLP grew its holdings in shares of Chefs' Warehouse by 193.1% in the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock valued at $120,618,000 after acquiring an additional 1,611,240 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Chefs' Warehouse during the 4th quarter valued at $20,374,000. TimesSquare Capital Management LLC bought a new stake in shares of Chefs' Warehouse during the 4th quarter worth $19,493,000. Bank of New York Mellon Corp boosted its holdings in shares of Chefs' Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock worth $25,293,000 after buying an additional 278,295 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Chefs' Warehouse during the fourth quarter valued at about $11,010,000. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

Shares of Chefs' Warehouse stock traded down $0.64 during trading on Wednesday, hitting $64.68. The stock had a trading volume of 18,942 shares, compared to its average volume of 400,471. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 49.39 and a beta of 1.76. The Chefs' Warehouse, Inc. has a 12 month low of $35.59 and a 12 month high of $68.47. The business's 50-day moving average is $55.52 and its 200 day moving average is $52.89. 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 announced its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. The business 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%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. As a group, sell-side analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Lake Street Capital lifted their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Benchmark reissued a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a report on Monday, March 17th. Finally, BMO Capital Markets boosted their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" 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, the stock currently has an average rating of "Buy" and a consensus 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.