Squarepoint Ops LLC Acquires New Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Squarepoint Ops LLC bought a new stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,116 shares of the company's stock, valued at approximately $252,000.

A number of other large investors also recently made changes to their positions in CHEF. Smartleaf Asset Management LLC grew its holdings in Chefs' Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after purchasing an additional 446 shares during the period. Swiss National Bank boosted its position in shares of Chefs' Warehouse by 0.9% during the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock worth $3,477,000 after purchasing an additional 600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Chefs' Warehouse by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company's stock valued at $982,000 after buying an additional 755 shares during the period. KBC Group NV increased 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 valued at $104,000 after buying an additional 843 shares in the last quarter. Finally, Captrust Financial Advisors increased 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 valued at $302,000 after buying an additional 1,077 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Stock Up 0.4%

CHEF traded up $0.27 during trading hours on Monday, hitting $63.42. 334,436 shares of the company's stock were exchanged, compared to its average volume of 412,463. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 48.41 and a beta of 1.77. The Chefs' Warehouse, Inc. has a 1-year low of $35.59 and a 1-year high of $66.51. The stock's 50-day moving average is $58.09 and its two-hundred day moving average is $54.88. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

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

Analyst Ratings Changes

A number of research firms recently issued reports on CHEF. BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. BMO Capital Markets increased their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Lake Street Capital raised their price objective 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. Benchmark reaffirmed a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, UBS Group increased their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.