Townsquare Capital LLC Takes Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Townsquare Capital LLC purchased a new position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,676 shares of the company's stock, valued at approximately $231,000.

A number of other large investors have also recently made changes to their positions in CHEF. Wellington Management Group LLP boosted its stake in Chefs' Warehouse by 193.1% during the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock valued at $120,618,000 after buying an additional 1,611,240 shares during the period. Kennedy Capital Management LLC boosted its stake in Chefs' Warehouse by 25.0% in the fourth quarter. Kennedy Capital Management LLC now owns 754,637 shares of the company's stock worth $37,219,000 after buying an additional 151,159 shares in the last quarter. Bank of New York Mellon Corp grew its position in 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. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 9,299 shares during the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in Chefs' Warehouse during the fourth quarter valued at approximately $20,374,000. 91.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHEF. 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. Lake Street Capital increased their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. BMO Capital Markets increased their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Jefferies Financial Group raised their target price on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, UBS Group raised their target price on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.60.

Chefs' Warehouse Trading Down 0.1 %

CHEF stock traded down $0.03 on Monday, reaching $53.08. The company's stock had a trading volume of 399,990 shares, compared to its average volume of 391,967. The business has a fifty day simple moving average of $55.03 and a two-hundred day simple moving average of $50.63. The Chefs' Warehouse, Inc. has a 12-month low of $32.83 and a 12-month high of $66.51. The firm has a market cap of $2.18 billion, a PE ratio of 40.52 and a beta of 1.89. 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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. As a group, research analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current 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.