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

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

A number of other institutional investors and hedge funds also recently modified their holdings of CHEF. Smartleaf Asset Management LLC increased its holdings in shares of Chefs' Warehouse by 303.4% in 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 during the period. Hsbc Holdings PLC bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $201,000. Envestnet Asset Management Inc. bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $224,000. Townsquare Capital LLC bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $231,000. Finally, CenterBook Partners LP bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $240,000. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Down 0.9%

Shares of NASDAQ CHEF traded down $0.55 during mid-day trading on Friday, reaching $61.47. The company had a trading volume of 246,402 shares, compared to its average volume of 415,790. The stock has a fifty day moving average of $59.19 and a two-hundred day moving average of $55.34. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 46.92 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.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $927.34 million. During the same quarter last year, the firm earned $0.15 earnings per share. The company's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHEF. Wall Street Zen cut shares of Chefs' Warehouse from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. Benchmark reiterated a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a report on Monday, March 17th. Finally, UBS Group raised their target price on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Chefs' Warehouse currently has a consensus rating of "Moderate Buy" and an average target price 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.