Greenhouse Funds LLLP Has $120.98 Million Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Greenhouse Funds LLLP boosted its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,452,981 shares of the company's stock after buying an additional 77,894 shares during the quarter. Chefs' Warehouse makes up about 5.0% of Greenhouse Funds LLLP's holdings, making the stock its 2nd biggest holding. Greenhouse Funds LLLP owned about 6.20% of Chefs' Warehouse worth $120,981,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new stake in shares of Chefs' Warehouse during the fourth quarter worth about $2,849,000. Bank of New York Mellon Corp lifted its holdings in Chefs' Warehouse by 118.7% in 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. Proficio Capital Partners LLC bought a new stake in shares of Chefs' Warehouse in the 4th quarter worth approximately $589,000. Charles Schwab Investment Management Inc. increased its stake in shares of Chefs' Warehouse by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock valued at $22,904,000 after buying an additional 9,299 shares during the period. Finally, 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 valued at $29,000 after acquiring an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Stock Up 0.7 %

NASDAQ CHEF traded up $0.38 during trading hours on Friday, reaching $53.11. 427,320 shares of the company's stock traded hands, compared to its average volume of 391,935. The firm has a market cap of $2.18 billion, a PE ratio of 40.54 and a beta of 1.89. 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 Chefs' Warehouse, Inc. has a 52-week low of $32.83 and a 52-week high of $66.51. The firm has a 50-day simple moving average of $55.28 and a 200 day simple moving average of $50.46.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. Sell-side analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BMO Capital Markets lifted 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. Benchmark reiterated a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. Jefferies Financial Group increased their price target on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. UBS Group lifted their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Lake Street Capital increased their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $67.60.

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.