The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Purchased by Comerica Bank

Comerica Bank increased its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,361 shares of the company's stock after acquiring an additional 4,985 shares during the period. Comerica Bank owned about 0.10% of Chefs' Warehouse worth $2,040,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Chefs' Warehouse by 193.1% during the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock worth $120,618,000 after buying an additional 1,611,240 shares during the period. Pictet Asset Management Holding SA bought a new stake in Chefs' Warehouse during the fourth quarter valued at $20,374,000. TimesSquare Capital Management LLC purchased a new position in shares of Chefs' Warehouse during the fourth quarter worth approximately $19,493,000. Bank of New York Mellon Corp raised its stake in shares of Chefs' Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock valued at $25,293,000 after acquiring an additional 278,295 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Chefs' Warehouse in the 4th quarter worth about $11,010,000. Institutional investors own 91.55% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CHEF shares. BMO Capital Markets lifted their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. UBS Group lifted their price target 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. Jefferies Financial Group upped their price objective on 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 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, Benchmark reaffirmed a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $67.40.

Chefs' Warehouse Trading Up 1.0%

NASDAQ:CHEF traded up $0.64 during trading hours on Thursday, hitting $64.17. 95,518 shares of the company were exchanged, compared to its average volume of 398,840. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 48.94 and a beta of 1.76. The Chefs' Warehouse, Inc. has a one year low of $35.59 and a one year high of $66.51. The company has a fifty day simple moving average of $54.56 and a 200 day simple moving average of $52.13. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly 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 the consensus estimate of $927.34 million. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The company's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. Sell-side analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal 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.