4,071 Shares in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 4,071 shares of the company's stock, valued at approximately $201,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Chefs' Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after purchasing an additional 237 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Chefs' Warehouse by 303.4% during the fourth 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. Swiss National Bank boosted its position in Chefs' Warehouse by 0.9% during the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after purchasing an additional 600 shares during the last quarter. KBC Group NV lifted its position in shares of Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after buying an additional 843 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Chefs' Warehouse by 5.4% during the fourth quarter. MetLife Investment Management LLC now owns 21,332 shares of the company's stock worth $1,052,000 after acquiring an additional 1,101 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHEF has been the subject of a number of research reports. Jefferies Financial Group raised 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. UBS Group boosted their price objective on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. Lake Street Capital raised 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. Finally, BMO Capital Markets boosted their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $67.40.

Chefs' Warehouse Stock Down 0.8%

CHEF stock traded down $0.51 during midday trading on Tuesday, reaching $61.28. 531,408 shares of the company were exchanged, compared to its average volume of 398,604. 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 cap of $2.49 billion, a price-to-earnings ratio of 46.78 and a beta of 1.76. The Chefs' Warehouse, Inc. has a 1-year low of $35.59 and a 1-year high of $66.51. The stock's 50-day simple moving average is $54.37 and its 200 day simple moving average is $51.98.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.90% and a net margin of 1.46%. The company had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. During the same period in the previous year, the firm posted $0.15 EPS. Chefs' Warehouse's revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current 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.