Boothbay Fund Management LLC Makes New $421,000 Investment in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Boothbay Fund Management LLC acquired a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,536 shares of the company's stock, valued at approximately $421,000.

A number of other institutional investors also recently modified their holdings of CHEF. Susquehanna Fundamental Investments LLC acquired a new position in Chefs' Warehouse during the fourth quarter worth $2,475,000. Voya Investment Management LLC boosted its holdings in Chefs' Warehouse by 68.6% during the fourth quarter. Voya Investment Management LLC now owns 19,186 shares of the company's stock valued at $946,000 after acquiring an additional 7,809 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Chefs' Warehouse by 7.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,271 shares of the company's stock worth $1,740,000 after purchasing an additional 2,313 shares during the last quarter. Greenhouse Funds LLLP increased its position in Chefs' Warehouse by 3.3% in the 4th quarter. Greenhouse Funds LLLP now owns 2,452,981 shares of the company's stock worth $120,981,000 after buying an additional 77,894 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Chefs' Warehouse in the fourth quarter worth $201,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 0.3 %

CHEF stock traded up $0.19 during trading on Tuesday, hitting $60.94. The company had a trading volume of 289,965 shares, compared to its average volume of 393,320. The firm has a 50-day moving average price of $54.41 and a 200-day moving average price of $51.22. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 46.47 and a beta of 1.76. The Chefs' Warehouse, Inc. has a 12 month low of $35.59 and a 12 month high of $66.51. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. UBS Group raised their target price on 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 boosted their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Benchmark restated a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a research 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 stock an "outperform" rating in a report on Thursday, February 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $67.40.

Chefs' Warehouse 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.