GAMMA Investing LLC Purchases 82,503 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

GAMMA Investing LLC increased its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 6,863.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,705 shares of the company's stock after purchasing an additional 82,503 shares during the period. GAMMA Investing LLC owned approximately 0.20% of Chefs' Warehouse worth $4,559,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHEF. Smartleaf Asset Management LLC boosted its stake in shares of Chefs' Warehouse by 303.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after acquiring an additional 446 shares in the last quarter. Swiss National Bank lifted its holdings in Chefs' Warehouse by 0.9% in the 4th quarter. Swiss National Bank now owns 70,500 shares of the company's stock worth $3,477,000 after purchasing an additional 600 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Chefs' Warehouse by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company's stock worth $982,000 after purchasing an additional 755 shares during the period. Captrust Financial Advisors grew its holdings in Chefs' Warehouse by 21.3% during 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 last quarter. Finally, MetLife Investment Management LLC grew its holdings in Chefs' Warehouse by 5.4% during the fourth quarter. MetLife Investment Management LLC now owns 21,332 shares of the company's stock valued at $1,052,000 after purchasing an additional 1,101 shares during the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Performance

CHEF stock traded up $0.41 on Thursday, reaching $61.79. 73,550 shares of the company were exchanged, compared to its average volume of 412,855. The firm has a market capitalization of $2.51 billion, a PE ratio of 47.17 and a beta of 1.77. The Chefs' Warehouse, Inc. has a 12 month low of $35.59 and a 12 month high of $66.51. The stock's fifty day moving average price is $58.69 and its 200 day moving average price is $55.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $950.75 million for the quarter, compared to analyst estimates of $927.34 million. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Chefs' Warehouse from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. BMO Capital Markets lifted their target price on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Lake Street Capital raised their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Benchmark reissued a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.40.

Chefs' Warehouse 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.