Lisanti Capital Growth LLC Acquires Shares of 80,450 The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Lisanti Capital Growth LLC purchased a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 80,450 shares of the company's stock, valued at approximately $4,381,000. Chefs' Warehouse comprises 1.3% of Lisanti Capital Growth LLC's holdings, making the stock its 28th biggest holding. Lisanti Capital Growth LLC owned about 0.20% of Chefs' Warehouse as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew 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 worth $9,056,000 after purchasing an additional 5,542 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Chefs' Warehouse by 118.7% in the 4th 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 last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Chefs' Warehouse during the fourth quarter worth approximately $589,000. Smartleaf Asset Management LLC raised its stake in shares of Chefs' Warehouse by 303.4% during 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Chefs' Warehouse by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock worth $22,904,000 after purchasing an additional 9,299 shares during the period. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 0.4%

NASDAQ:CHEF traded up $0.28 during mid-day trading on Monday, reaching $63.81. The company's stock had a trading volume of 634,291 shares, compared to its average volume of 423,852. The Chefs' Warehouse, Inc. has a twelve month low of $35.59 and a twelve month high of $66.51. The company's fifty day simple moving average is $61.18 and its two-hundred day simple moving average is $56.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.05 and a quick ratio of 1.27. The stock has a market cap of $2.60 billion, a P/E ratio of 42.26 and a beta of 1.77.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its 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. The business had revenue of $950.75 million for the quarter, compared to analyst estimates of $927.34 million. Chefs' Warehouse had a return on equity of 13.15% and a net margin of 1.65%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. On average, equities analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHEF. Benchmark reiterated a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. UBS Group increased their price objective on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Chefs' Warehouse presently has a consensus rating of "Buy" and an average target price 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.