Teachers Retirement System of The State of Kentucky Purchases 20,404 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Teachers Retirement System of The State of Kentucky lifted its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 196.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,816 shares of the company's stock after acquiring an additional 20,404 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.08% of Chefs' Warehouse worth $1,678,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Chefs' Warehouse by 193.1% in the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock worth $120,618,000 after purchasing an additional 1,611,240 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Chefs' Warehouse in the 1st quarter valued at about $42,866,000. Pictet Asset Management Holding SA acquired a new stake in Chefs' Warehouse in the 4th quarter valued at about $20,374,000. Cercano Management LLC acquired a new stake in Chefs' Warehouse in the 4th quarter valued at about $18,481,000. Finally, Kennedy Capital Management LLC lifted its stake in Chefs' Warehouse by 25.0% during the fourth quarter. Kennedy Capital Management LLC now owns 754,637 shares of the company's stock valued at $37,219,000 after buying an additional 151,159 shares in the last quarter. Institutional investors own 91.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group upped 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. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. Finally, Wall Street Zen raised shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $67.40.

Chefs' Warehouse Stock Up 0.5%

NASDAQ:CHEF traded up $0.34 during mid-day trading on Friday, reaching $62.23. The stock had a trading volume of 323,385 shares, compared to its average volume of 489,685. The business's 50 day moving average is $63.43 and its 200 day moving average is $58.57. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $68.28. The stock has a market cap of $2.53 billion, a P/E ratio of 41.21 and a beta of 1.74. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.05 and a quick ratio of 1.27.

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 the consensus estimate of $0.21 by $0.04. Chefs' Warehouse had a return on equity of 13.15% and a net margin of 1.65%. The company had revenue of $950.75 million for the quarter, compared to the consensus estimate of $927.34 million. During the same quarter last year, the company posted $0.15 earnings per share. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Insider Activity

In other news, CAO Tim Mccauley sold 17,500 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.07, for a total value of $1,138,725.00. Following the sale, the chief accounting officer owned 52,050 shares in the company, valued at approximately $3,386,893.50. This trade represents a 25.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.90% of the company's stock.

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.