First Trust Advisors LP Boosts Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

First Trust Advisors LP grew its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 892.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,190 shares of the company's stock after purchasing an additional 133,262 shares during the period. First Trust Advisors LP owned approximately 0.37% of Chefs' Warehouse worth $7,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP boosted its holdings in shares of Chefs' Warehouse by 32.0% in the fourth quarter. Wasatch Advisors LP now owns 303,556 shares of the company's stock valued at $14,971,000 after purchasing an additional 73,670 shares during the period. Townsquare Capital LLC purchased a new stake in shares of Chefs' Warehouse during the 4th quarter valued at $231,000. Kennedy Capital Management LLC increased its holdings in shares of 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 acquiring an additional 151,159 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Chefs' Warehouse during the fourth quarter worth $240,000. Finally, Renaissance Technologies LLC raised its stake in shares of Chefs' Warehouse by 270.2% in the fourth quarter. Renaissance Technologies LLC now owns 37,022 shares of the company's stock worth $1,826,000 after purchasing an additional 27,022 shares during the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs' Warehouse Stock Up 0.7 %

Shares of NASDAQ:CHEF traded up $0.41 on Monday, hitting $60.35. 30,041 shares of the company's stock were exchanged, compared to its average volume of 391,211. The Chefs' Warehouse, Inc. has a 1-year low of $35.59 and a 1-year high of $66.51. The company has a market capitalization of $2.46 billion, a PE ratio of 46.05 and a beta of 1.76. 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's 50-day moving average is $54.47 and its 200 day moving average is $51.08.

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. 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 firm's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Lake Street Capital boosted their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. 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 report on Thursday. BMO Capital Markets increased their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Benchmark reissued a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.