Charles Schwab Investment Management Inc. increased its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 464,391 shares of the company's stock after purchasing an additional 9,299 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.17% of Chefs' Warehouse worth $22,904,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Chefs' Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after buying an additional 237 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Chefs' Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after buying an additional 446 shares during the last quarter. KBC Group NV increased its holdings 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. Verition Fund Management LLC increased its holdings in Chefs' Warehouse by 20.3% during the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock valued at $284,000 after buying an additional 1,144 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Chefs' Warehouse by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,771 shares of the company's stock worth $3,225,000 after purchasing an additional 2,204 shares in the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.
Chefs' Warehouse Price Performance
Shares of NASDAQ:CHEF traded up $0.43 during midday trading on Friday, reaching $52.52. 743,844 shares of the company were exchanged, compared to its average volume of 362,509. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The business's fifty day moving average is $56.81 and its two-hundred day moving average is $48.17. The Chefs' Warehouse, Inc. has a one year low of $31.96 and a one year high of $66.51. The stock has a market cap of $2.11 billion, a PE ratio of 40.09 and a beta of 2.28.
Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. As a group, analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.
Wall Street Analyst Weigh In
CHEF has been the subject of a number of analyst reports. BMO Capital Markets increased their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Lake Street Capital increased their price objective on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. UBS Group increased their price objective on shares of Chefs' Warehouse from $60.00 to $69.00 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, Jefferies Financial Group increased 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Chefs' Warehouse has an average rating of "Moderate Buy" and an average target price of $67.60.
Check Out Our Latest Research Report on CHEF
Chefs' Warehouse Profile
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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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