Silvercrest Asset Management Group LLC Has $19.87 Million Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Silvercrest Asset Management Group LLC boosted its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 402,768 shares of the company's stock after acquiring an additional 19,705 shares during the quarter. Silvercrest Asset Management Group LLC owned 1.02% of Chefs' Warehouse worth $19,865,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in shares of Chefs' Warehouse during the 4th quarter valued at about $2,849,000. Bank of New York Mellon Corp lifted 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 valued at $25,293,000 after buying an additional 278,295 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Chefs' Warehouse during the 4th quarter valued at about $589,000. Envestnet Asset Management Inc. acquired a new stake in shares of Chefs' Warehouse during the 4th quarter valued at about $224,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Chefs' Warehouse during the 4th quarter valued at about $201,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Performance

CHEF stock traded up $0.51 during trading on Tuesday, reaching $65.31. 308,654 shares of the stock were exchanged, compared to its average volume of 401,970. The company has a market capitalization of $2.66 billion, a P/E ratio of 49.86 and a beta of 1.76. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The Chefs' Warehouse, Inc. has a twelve month low of $35.59 and a twelve month high of $66.51. The stock has a 50 day simple moving average of $55.26 and a 200-day simple moving average of $52.80.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) 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 return on equity of 12.90% and a net margin of 1.46%. Chefs' Warehouse's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. As a group, sell-side analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on CHEF. UBS Group increased their target price on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Lake Street Capital increased their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets raised their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, 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. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $67.40.

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.