SG Americas Securities LLC Purchases New Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHEF. GAMMA Investing LLC increased its stake in Chefs' Warehouse by 27.9% in the first quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after purchasing an additional 335 shares during the period. Rhumbline Advisers increased its stake in Chefs' Warehouse by 1.7% in 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 during the period. JT Stratford LLC acquired a new position in Chefs' Warehouse in the fourth quarter valued at $273,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 valued at $4,280,000 after purchasing an additional 10,018 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Chefs' Warehouse during the fourth quarter worth about $252,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. BTIG Research restated a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Benchmark restated a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a research report on Monday, March 17th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Chefs' Warehouse currently has a consensus rating of "Buy" and a consensus target price of $67.40.

Chefs' Warehouse Stock Performance

Shares of CHEF opened at $64.41 on Wednesday. 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 company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 42.66 and a beta of 1.77. The company's 50 day simple moving average is $60.58 and its 200 day simple moving average is $56.21. The Chefs' Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $66.51.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. Chefs' Warehouse had a net margin of 1.65% and a return on equity of 13.15%. The company had revenue of $950.75 million during the quarter, compared to analysts' expectations of $927.34 million. During the same period in the previous year, the company earned $0.15 EPS. The business's quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

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.

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