The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Holdings Lifted by Comerica Bank

Comerica Bank grew its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,361 shares of the company's stock after purchasing an additional 4,985 shares during the period. Comerica Bank owned about 0.10% of Chefs' Warehouse worth $2,040,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP grew its position 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 worth $120,618,000 after acquiring an additional 1,611,240 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in Chefs' Warehouse in the 4th quarter worth approximately $20,374,000. TimesSquare Capital Management LLC bought a new position in shares of Chefs' Warehouse in the fourth quarter valued at approximately $19,493,000. Bank of New York Mellon Corp boosted its holdings in shares of Chefs' Warehouse by 118.7% during the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock worth $25,293,000 after buying an additional 278,295 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Chefs' Warehouse in the 4th quarter valued at $11,010,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHEF has been the topic of several research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. UBS Group lifted their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Jefferies Financial Group increased their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Lake Street Capital boosted their target price 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, BMO Capital Markets increased their price target 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Chefs' Warehouse currently has an average rating of "Buy" and an average target price of $67.40.

Chefs' Warehouse Stock Down 1.0 %

CHEF opened at $61.81 on Friday. The company has a market capitalization of $2.51 billion, a P/E ratio of 47.18 and a beta of 1.76. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The firm's fifty day moving average price is $54.38 and its two-hundred day moving average price is $51.66. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $66.51.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. The business had revenue of $950.75 million for the quarter, compared to analysts' expectations 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 for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

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.

Want to see what other hedge funds are holding CHEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.