4,869 Shares in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,869 shares of the company's stock, valued at approximately $240,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Lake Street Capital raised their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. UBS Group boosted their price target on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, Jefferies Financial Group upped their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $67.60.

Chefs' Warehouse Stock Performance

NASDAQ:CHEF traded up $0.74 during trading hours on Friday, reaching $53.70. 402,020 shares of the stock were exchanged, compared to its average volume of 387,156. The Chefs' Warehouse, Inc. has a 52 week low of $31.96 and a 52 week 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. The stock has a market capitalization of $2.20 billion, a P/E ratio of 40.99 and a beta of 1.89. The firm has a 50 day simple moving average of $56.37 and a 200-day simple moving average of $49.84.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. As a group, sell-side analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

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.