Silvercrest Asset Management Group LLC increased its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 402,768 shares of the company's stock after purchasing 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.
A number of other large investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in Chefs' Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after buying an additional 446 shares during the period. KBC Group NV lifted its position in shares of Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after acquiring an additional 843 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Chefs' Warehouse during the 4th quarter worth approximately $201,000. Envestnet Asset Management Inc. acquired a new stake in shares of Chefs' Warehouse in the 4th quarter worth approximately $224,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Chefs' Warehouse in the 4th quarter worth approximately $231,000. Hedge funds and other institutional investors own 91.55% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on CHEF shares. UBS Group boosted their target price on 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 lifted their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Benchmark reissued a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, 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 report on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Chefs' Warehouse currently has a consensus rating of "Buy" and an average price target of $67.40.
Check Out Our Latest Stock Analysis on Chefs' Warehouse
Chefs' Warehouse Price Performance
Chefs' Warehouse stock traded down $1.28 during mid-day trading on Thursday, hitting $62.66. 109,205 shares of the company were exchanged, compared to its average volume of 401,382. The Chefs' Warehouse, Inc. has a 12-month low of $35.59 and a 12-month high of $66.51. The company has a market capitalization of $2.55 billion, a P/E ratio of 47.82 and a beta of 1.76. The business's 50 day simple moving average is $55.75 and its two-hundred day simple moving average is $52.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.
Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 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 analyst estimates of $927.34 million. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.
About Chefs' Warehouse
(
Free Report)
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.
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