CenterBook Partners LP Takes $240,000 Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

CenterBook Partners LP purchased a new position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,869 shares of the company's stock, valued at approximately $240,000.

A number of other institutional investors have also bought and sold shares of CHEF. New Age Alpha Advisors LLC bought a new position in shares of Chefs' Warehouse in the fourth quarter worth about $2,849,000. Bank of New York Mellon Corp boosted its stake in Chefs' Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock worth $25,293,000 after purchasing an additional 278,295 shares during the period. Proficio Capital Partners LLC purchased a new stake in Chefs' Warehouse during the 4th quarter valued at approximately $589,000. FMR LLC boosted its position in shares of Chefs' Warehouse by 95.0% during the third quarter. FMR LLC now owns 5,890 shares of the company's stock worth $247,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Chefs' Warehouse by 2.0% in the 4th 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. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Down 1.6 %

Shares of Chefs' Warehouse stock traded down $0.86 during trading on Tuesday, hitting $53.55. The stock had a trading volume of 499,513 shares, compared to its average volume of 385,507. The Chefs' Warehouse, Inc. has a 12 month low of $31.96 and a 12 month high of $66.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The firm's fifty day simple moving average is $56.40 and its 200-day simple moving average is $49.74. The stock has a market cap of $2.19 billion, a PE ratio of 40.88 and a beta of 1.89.

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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.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHEF. BMO Capital Markets upped their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Lake Street Capital upped their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Benchmark restated a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a report on Monday, March 17th. UBS Group increased their price target on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group boosted 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Chefs' Warehouse presently has an average rating of "Moderate Buy" and a consensus target price of $67.60.

Chefs' Warehouse Company 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.