4,532 Shares in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired a new position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,532 shares of the company's stock, valued at approximately $224,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Chefs' Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after acquiring an additional 237 shares in the last quarter. KBC Group NV boosted its stake 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 purchasing an additional 843 shares during the period. WCM Investment Management LLC grew its holdings 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 buying an additional 170,600 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Chefs' Warehouse by 1.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock valued at $10,492,000 after buying an additional 2,507 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Chefs' Warehouse by 3.1% in the fourth 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. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs' Warehouse Trading Down 1.0 %

Shares of CHEF stock traded down $0.60 during trading hours on Friday, reaching $61.81. 266,619 shares of the stock were exchanged, compared to its average volume of 396,461. 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 capitalization of $2.51 billion, a price-to-earnings ratio of 47.18 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's 50-day moving average price is $54.38 and its 200-day moving average price is $51.66.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $927.34 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities 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 analysts have issued reports on CHEF shares. Benchmark reiterated a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a report on Monday, March 17th. Jefferies Financial Group boosted their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets raised their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. UBS Group increased their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Lake Street Capital upped their price target 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $67.40.

About Chefs' Warehouse

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.