Expect Equity LLC Invests $1.43 Million in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Expect Equity LLC purchased a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 29,018 shares of the company's stock, valued at approximately $1,431,000. Expect Equity LLC owned about 0.07% of Chefs' Warehouse at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position 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 boosted its position in Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after purchasing an additional 843 shares during the period. WCM Investment Management LLC boosted its position 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 purchasing an additional 170,600 shares during the period. Stephens Investment Management Group LLC boosted its position in Chefs' Warehouse by 1.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock valued at $10,492,000 after purchasing an additional 2,507 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Chefs' Warehouse by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 183,622 shares of the company's stock valued at $9,056,000 after purchasing an additional 5,542 shares during the period. 91.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CHEF shares. Lake Street Capital boosted their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group boosted their price target on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. UBS Group boosted their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Benchmark reissued a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, BMO Capital Markets boosted their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Chefs' Warehouse currently has a consensus rating of "Buy" and a consensus price target of $67.40.

Chefs' Warehouse Price Performance

NASDAQ CHEF traded up $2.40 during trading hours on Wednesday, reaching $63.68. 299,878 shares of the company's stock were exchanged, compared to its average volume of 398,276. The stock has a market cap of $2.59 billion, a PE ratio of 48.61 and a beta of 1.76. The Chefs' Warehouse, Inc. has a one year low of $35.59 and a one year high of $66.51. The firm has a fifty day moving average of $54.42 and a 200-day moving average of $52.05. 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 EPS 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 business had revenue of $950.75 million for the quarter, compared to the consensus estimate of $927.34 million. During the same quarter last year, the business posted $0.15 EPS. The firm's revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

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.