374,708 Shares in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Bought by Cercano Management LLC

Cercano Management LLC purchased a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 374,708 shares of the company's stock, valued at approximately $18,481,000. Cercano Management LLC owned 0.95% of Chefs' Warehouse at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CHEF. GAMMA Investing LLC boosted its stake in Chefs' Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after purchasing an additional 237 shares during the period. KBC Group NV grew its holdings in 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 in the last quarter. WCM Investment Management LLC raised its stake in Chefs' Warehouse by 92.9% during the 4th quarter. WCM Investment Management LLC now owns 354,333 shares of the company's stock valued at $17,362,000 after acquiring an additional 170,600 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in Chefs' Warehouse by 1.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock worth $10,492,000 after purchasing an additional 2,507 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Chefs' Warehouse by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 183,622 shares of the company's stock worth $9,056,000 after buying an additional 5,542 shares in the last quarter. Institutional investors own 91.55% of the company's stock.

Analyst Upgrades and Downgrades

CHEF has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective 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. Lake Street Capital upped their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, February 13th. UBS Group lifted their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. Finally, BMO Capital Markets increased their target price 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, the stock presently has an average rating of "Buy" and a consensus target price of $67.40.

Chefs' Warehouse Trading Down 1.0 %

Shares of CHEF traded down $0.60 during midday trading on Friday, hitting $61.81. The stock had a trading volume of 266,619 shares, compared to its average volume of 397,473. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $66.51. The business has a 50-day simple moving average of $54.38 and a two-hundred day simple moving average of $51.74. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.51 billion, a P/E ratio of 47.18 and a beta of 1.76.

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