Tower Research Capital LLC TRC Boosts Stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Tower Research Capital LLC TRC boosted its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 325.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,974 shares of the company's stock after acquiring an additional 5,333 shares during the quarter. Tower Research Capital LLC TRC's holdings in Chefs' Warehouse were worth $344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Chefs' Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after buying an additional 237 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after purchasing an additional 446 shares in the last quarter. Swiss National Bank increased its holdings in Chefs' Warehouse by 0.9% during the 4th quarter. Swiss National Bank now owns 70,500 shares of the company's stock worth $3,477,000 after purchasing an additional 600 shares during the period. KBC Group NV raised its position in 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 purchasing an additional 843 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Chefs' Warehouse by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 21,332 shares of the company's stock worth $1,052,000 after buying an additional 1,101 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Chefs' Warehouse Price Performance

Shares of NASDAQ:CHEF traded up $0.82 during midday trading on Wednesday, reaching $61.92. 19,308 shares of the company's stock traded hands, compared to its average volume of 393,618. The company has a fifty day simple moving average of $54.39 and a two-hundred day simple moving average of $51.29. The Chefs' Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $66.51. The company has a market cap of $2.52 billion, a P/E ratio of 47.28 and a beta of 1.76. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. The business had revenue of $950.75 million during 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 company's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. Equities analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CHEF shares. BMO Capital Markets boosted 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. Lake Street Capital increased their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. 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 note on Wednesday, January 15th. UBS Group lifted their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Benchmark reissued a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.