7,710 Shares in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,710 shares of the company's stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Chefs' Warehouse by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after acquiring an additional 335 shares during the period. Rhumbline Advisers lifted its position in Chefs' Warehouse by 1.7% during the first quarter. Rhumbline Advisers now owns 95,003 shares of the company's stock valued at $5,174,000 after purchasing an additional 1,623 shares in the last quarter. JT Stratford LLC bought a new stake in Chefs' Warehouse during the fourth quarter valued at about $273,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Chefs' Warehouse by 13.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,789 shares of the company's stock worth $4,280,000 after buying an additional 10,018 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Chefs' Warehouse in the fourth quarter worth about $252,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

Shares of Chefs' Warehouse stock traded up $0.47 on Friday, hitting $63.53. 740,320 shares of the company traded hands, compared to its average volume of 423,006. The Chefs' Warehouse, Inc. has a 52 week low of $35.59 and a 52 week high of $66.51. The business has a 50-day simple moving average of $61.18 and a 200 day simple moving average of $56.53. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.27 and a current ratio of 2.05. The stock has a market capitalization of $2.58 billion, a P/E ratio of 42.07 and a beta of 1.77.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 1.65% and a return on equity of 13.15%. Chefs' Warehouse's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. Research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of recent research reports. BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. Benchmark reaffirmed a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a report on Monday, March 17th. Wall Street Zen raised shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, UBS Group raised their price objective on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Chefs' Warehouse has an average rating of "Buy" and a consensus target price of $67.40.

Chefs' Warehouse Company 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.