JT Stratford LLC Acquires Shares of 5,529 The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

JT Stratford LLC acquired a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,529 shares of the company's stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after purchasing an additional 446 shares in the last quarter. Swiss National Bank raised its stake in Chefs' Warehouse by 0.9% during the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after buying an additional 600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Chefs' Warehouse by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company's stock worth $982,000 after buying an additional 755 shares during the last quarter. KBC Group NV grew its position in shares of 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 acquiring an additional 843 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Chefs' Warehouse by 21.3% in the 4th quarter. Captrust Financial Advisors now owns 6,122 shares of the company's stock worth $302,000 after acquiring an additional 1,077 shares in the last quarter. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Stock Down 3.4%

Shares of Chefs' Warehouse stock opened at $61.77 on Friday. The Chefs' Warehouse, Inc. has a 1-year low of $35.59 and a 1-year high of $66.51. The business's fifty day moving average price is $55.94 and its two-hundred day moving average price is $53.12. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The company has a market capitalization of $2.51 billion, a P/E ratio of 47.15 and a beta of 1.76.

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

Analysts Set New Price Targets

Several research firms recently issued reports on CHEF. Benchmark reissued a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. Lake Street Capital increased their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group raised their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets boosted their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chefs' Warehouse presently has an average 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.

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