Squarepoint Ops LLC Buys Shares of 5,116 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 its most recent 13F filing with the SEC. The firm bought 5,116 shares of the company's stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in Chefs' Warehouse in the fourth quarter valued at approximately $2,849,000. Bank of New York Mellon Corp grew its holdings in Chefs' Warehouse by 118.7% in the fourth 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 period. Proficio Capital Partners LLC purchased a new stake in Chefs' Warehouse in the fourth quarter valued at approximately $589,000. Envestnet Asset Management Inc. purchased a new stake in Chefs' Warehouse in the fourth quarter valued at approximately $224,000. Finally, Captrust Financial Advisors grew its holdings in Chefs' Warehouse by 21.3% in the fourth quarter. Captrust Financial Advisors now owns 6,122 shares of the company's stock valued at $302,000 after purchasing an additional 1,077 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Chefs' Warehouse Stock Down 2.0%

Shares of NASDAQ:CHEF traded down $1.28 during midday trading on Wednesday, reaching $61.38. The company had a trading volume of 546,101 shares, compared to its average volume of 414,182. 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 stock's fifty day moving average price is $58.69 and its 200-day moving average price is $55.11. The stock has a market capitalization of $2.50 billion, a P/E ratio of 46.86 and a beta of 1.77. The Chefs' Warehouse, Inc. has a one year low of $35.59 and a one year high of $66.51.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results 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 firm had revenue of $950.75 million during the quarter, compared to analyst estimates of $927.34 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHEF has been the topic of a number of recent research reports. Benchmark reaffirmed 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 reissued a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Wall Street Zen cut shares of Chefs' Warehouse from a "buy" rating to a "hold" rating in a research report on Saturday. Lake Street Capital boosted their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, UBS Group boosted their target price 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently 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.