The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,789 shares of the company's stock after buying an additional 10,018 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Chefs' Warehouse worth $4,280,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CHEF. Greenhouse Funds LLLP raised its position in shares of Chefs' Warehouse by 3.3% in the 4th quarter. Greenhouse Funds LLLP now owns 2,452,981 shares of the company's stock worth $120,981,000 after acquiring an additional 77,894 shares in the last quarter. Wellington Management Group LLP grew its stake 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 valued at $120,618,000 after purchasing an additional 1,611,240 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in Chefs' Warehouse by 25.0% in the fourth quarter. Kennedy Capital Management LLC now owns 754,637 shares of the company's stock worth $37,219,000 after purchasing an additional 151,159 shares in the last quarter. Bank of New York Mellon Corp raised 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 worth $25,293,000 after purchasing an additional 278,295 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Chefs' Warehouse by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock valued at $22,904,000 after buying an additional 9,299 shares during the last quarter. Institutional investors own 91.55% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research report 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 company an "outperform" rating in a report on Thursday, February 13th. UBS Group upped their price objective 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. Lake Street Capital lifted their price objective 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, Benchmark reiterated a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a research report on Monday, March 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $67.40.

Chefs' Warehouse Trading Up 0.3%

Chefs' Warehouse stock traded up $0.17 during trading on Friday, reaching $62.97. The company had a trading volume of 118,539 shares, compared to its average volume of 410,567. 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 firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 48.10 and a beta of 1.76. The Chefs' Warehouse, Inc. has a 12-month low of $35.59 and a 12-month high of $66.51. The stock's 50 day moving average price is $57.93 and its two-hundred day moving average price is $54.58.

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

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.