New York State Common Retirement Fund Has $8.86 Million Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

New York State Common Retirement Fund grew its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 2,010.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 301,141 shares of the company's stock after buying an additional 286,870 shares during the quarter. New York State Common Retirement Fund owned 0.76% of Chefs' Warehouse worth $8,863,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Chefs' Warehouse by 32.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,984 shares of the company's stock valued at $148,000 after purchasing an additional 1,713 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in Chefs' Warehouse in the 3rd quarter valued at about $223,000. Keybank National Association OH increased its holdings in Chefs' Warehouse by 4.8% during the 3rd quarter. Keybank National Association OH now owns 10,648 shares of the company's stock valued at $226,000 after acquiring an additional 489 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Chefs' Warehouse during the fourth quarter worth about $245,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Chefs' Warehouse by 19.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,358 shares of the company's stock valued at $246,000 after purchasing an additional 1,374 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Stock Up 5.8 %

Chefs' Warehouse stock traded up $2.02 during midday trading on Thursday, hitting $36.94. 709,505 shares of the stock were exchanged, compared to its average volume of 377,039. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.89 and a quick ratio of 1.16. The company has a 50 day moving average price of $35.78 and a two-hundred day moving average price of $30.69. The firm has a market cap of $1.47 billion, a P/E ratio of 42.78 and a beta of 2.22. The Chefs' Warehouse, Inc. has a 1 year low of $17.29 and a 1 year high of $39.00.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Chefs' Warehouse had a return on equity of 12.30% and a net margin of 1.01%. The business had revenue of $874.50 million for the quarter, compared to analysts' expectations of $833.25 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company's revenue was up 21.5% compared to the same quarter last year. On average, sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Benchmark reiterated a "buy" rating and set a $50.00 target price on shares of Chefs' Warehouse in a report on Thursday. UBS Group boosted their price objective on shares of Chefs' Warehouse from $36.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets lifted their target price on shares of Chefs' Warehouse from $35.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 16th.

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.