Renaissance Technologies LLC Has $1.83 Million Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Renaissance Technologies LLC raised its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 270.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,022 shares of the company's stock after buying an additional 27,022 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of Chefs' Warehouse worth $1,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CHEF. Principal Financial Group Inc. boosted its stake in Chefs' Warehouse by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 178,080 shares of the company's stock worth $7,481,000 after purchasing an additional 2,218 shares during the period. GAMMA Investing LLC boosted its position 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 buying an additional 237 shares during the period. KBC Group NV grew its holdings in shares of Chefs' Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after buying an additional 843 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of Chefs' Warehouse by 92.9% during the fourth quarter. WCM Investment Management LLC now owns 354,333 shares of the company's stock worth $17,362,000 after buying an additional 170,600 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in Chefs' Warehouse by 1.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock valued at $10,492,000 after buying an additional 2,507 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research note on Monday, March 17th. BMO Capital Markets raised their target price on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Jefferies Financial Group boosted their price target on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Lake Street Capital raised their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, UBS Group lifted their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chefs' Warehouse presently has a consensus rating of "Moderate Buy" and an average price target of $67.40.

Chefs' Warehouse Stock Performance

NASDAQ:CHEF traded up $1.00 during mid-day trading on Friday, hitting $58.63. The stock had a trading volume of 68,858 shares, compared to its average volume of 391,617. The Chefs' Warehouse, Inc. has a twelve month low of $35.44 and a twelve month high of $66.51. 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 stock has a market cap of $2.40 billion, a price-to-earnings ratio of 44.95 and a beta of 1.89. The company's 50 day simple moving average is $54.54 and its 200 day simple moving average is $50.82.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, topping 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 company posted $0.15 EPS. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Chefs' Warehouse Company 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.