Wasatch Advisors LP Buys 73,670 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Wasatch Advisors LP grew its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,556 shares of the company's stock after buying an additional 73,670 shares during the period. Wasatch Advisors LP owned 0.77% of Chefs' Warehouse worth $14,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in Chefs' Warehouse by 303.4% in the 4th 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. GAMMA Investing LLC lifted its position in shares of Chefs' Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after buying an additional 237 shares in the last quarter. KBC Group NV boosted its stake in Chefs' Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after buying an additional 843 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Chefs' Warehouse during the 4th quarter valued at approximately $224,000. Finally, Townsquare Capital LLC bought a new stake in Chefs' Warehouse in the 4th quarter worth approximately $231,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CHEF. UBS Group increased their target price on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group lifted their price objective 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. BMO Capital Markets upped their target price 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. 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 report on Thursday, February 13th. Finally, Benchmark reaffirmed a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

Chefs' Warehouse Trading Up 1.9 %

Shares of Chefs' Warehouse stock traded up $1.01 during trading on Tuesday, hitting $53.51. The stock had a trading volume of 131,308 shares, compared to its average volume of 386,749. The stock has a market cap of $2.19 billion, a PE ratio of 40.97 and a beta of 1.89. The Chefs' Warehouse, Inc. has a 12 month low of $32.16 and a 12 month high of $66.51. The firm's fifty day simple moving average is $56.21 and its 200-day simple moving average is $50.14. 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 announced 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 return on equity of 12.90% and a net margin of 1.46%. As a group, sell-side analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal 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.